Am von in der Kategorie Paper, Publication.

Indignation is often understood to be the translation of an essentially just moral evaluation. However, it is necessary to investigate the ambiguities of this moral emotion. In the first part, an examination of the genealogy of indignation sheds light on the differences and similarities between ancient and modern conceptions of indignation. Modern indignation presupposes a… Read more »

Am von in der Kategorie Paper, Publication.

The paper offers a number of vignettes surrounding Friedrich A. Hayek’s receipt of the Nobel Prize. It examines Hayek’s life before he got the prize, describes the events in Stockholm, and offers a summary of the main themes of his Prize Lecture. It then examines the subsequent impact on Hayek’s life and career. It concludes… Read more »

Am von in der Kategorie Monography, Publication.

Macroeconomics teaches students to be young economists, providing a contemporary approach to the subject and a wealth of real-life case studies to allow students to understand how economics works in practice. The most applied macroeconomics textbook on the market, utilising case studies from the post-crisis macro economy to help students think like modern economists. Presents… Read more »

Am von in der Kategorie Paper, Publication.

Evidence from the American Time Use Survey 2003-12 suggests the existence of small but statistically significant racial/ethnic differences in time spent not working at the workplace. Minorities, especially men, spend a greater fraction of their workdays not working than do white non-Hispanics. These differences are robust to the inclusion of large numbers of demographic, industry,… Read more »

Am von in der Kategorie Paper, Publication.

This paper reviews the performance of the East German economy in the turbulent quarter-century following reunification and draws some conclusions for the reunification of North and South Korea. In this period, the gap in output per capita between East and West Germany declined at a speed not far from empirical estimates of the neoclassical growth… Read more »

Am von in der Kategorie Paper, Publication.

This article introduces Buchanan’s comment on Tiebout’s “A Pure Theory of Local Public Expenditures”. It helps us to understand the nature of the relationship between Buchanan and Tiebout. Usually, it is claimed that Buchanan modeled Tiebout’s insights, that there exists a Buchanan-Tiebout hypothesis, and that Buchanan in 1965 complemented what Tiebout had written in 1956…. Read more »

Am von in der Kategorie Paper, Publication.

Regulation by the state can benefit or harm any business in society. While the market provides for consumers rather than special interests, rationally acting interests will be incentivized to use political means to capture rents, particularly if public clamor for regulation exists. The formation of the Federal Trade Commission, rather than providing a check on… Read more »