Charles Delmotte & Nick Cowen: The Mirage of Mark-to-Market: Distributive Justice and Alternatives to Capital Taxation

Substantially increased wealth inequality across the developed world has prompted many philosophers, economists and legal theorists to support comprehensive taxes on all forms of wealth. Proposals include levying taxes on the basis of total wealth, or alternatively the change in the value of capital holdings measured from year-to-year. This contrasts Continue Reading…

Nick Cowen & Aris Trantidis: Hayek versus Trump: The Radical Right’s Road to Serfdom

Hayek’s The Road to Serfdom has been interpreted as a general warning against state intervention in the economy. NOUS Member Nick Cowen and Aris Trantidis review this argument in conjunction with Hayek’s later work and discern an institutional thesis about which forms of state intervention and economic institutions could threaten personal and Continue Reading…

Ralph Wrobel: The „China Effect“: Changes in international trade patterns as reasons for rising „Anti-Globalism“

It seems that the “globalization” has failed. Instead, a rising number of people in the Western world prefer old nationalist and protectionist policies. One reason may be the challenge by structural change. In this paper, NOUS member Ralph Wrobel examines the question if any structural change and any spread of Continue Reading…

Dan Klein: Conservative Liberalism: Hume, Smith, and Burke as Policy Liberals and Polity Conservatives

„On regular issues of policy reform—presupposing a stable integrated polity— Hume, Smith, and Burke were liberal in the original political meaning of ‚liberal.‘ Thus, on policy reform, although they accorded the status quo a certain presumption (as any reasonable person must), the more distinctive feature is that they maintained (even propounded, Continue Reading…

Justus Haucap & Kai Fischer: Does crowd support drive the home advantage in professional soccer? Evidence from German ghost games during the COVID-19 pandemic

In their latest paper, NOUS member Justus Haucap and Kai Fischer examine the relation between crowd support and home advantage in professional soccer. For that purpose, they make use of a unique „natural experiment“: so-called ghost games in the three top divisions of German professional soccer during the Corona pandemic. Continue Reading…

Ross B. Emmet: James M. Buchanan and Frank H. Knight on democracy as “government by discussion”

Among twentieth-century inheritors of the classical liberal mantle, the notion that democracy could be understood as “government by discussion” is found most prominently in the work of Frank H. Knight and James M. Buchanan. In this paper, NOUS Member Ross Emmet compares Knight and Buchanan’s use of the expression “democracy Continue Reading…