Can competition law also take into account effects on privacy or should privacy concerns of data-collecting behaviour only be dealt with by data protection law? In this paper, we are analysing the German Facebook case, in which certain terms of service (that force consumers to give consent for merging personal Weiterlesen…
The question is why it is that objective safety level and subjective feeling of safety may come apart. Answering this question requires an analysis of the nature of fear in the public sphere since feeling safe means to feel that one avoids the frightening, i.e. the threats or dangers that Weiterlesen…
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, Weiterlesen…
The constitutional political economy (CPE) approach as developed by James Buchanan places emphasis on supermajority rules—in particular, a unanimity requirement for constitutional change. Critics argue that this approach “privileges the status quo” in two problematic ways: (1) alternatives are treated unequally because the status quo requires a smaller coalition to Weiterlesen…
In his latest essay, NOUS member Michael Munger outlines briefly the main parts of Marx’s social theory. Then he discusses his anticipation of three areas of “public-choice” theory. The full paper is available here.
The combination of subsidiarity with the principles of fiscal federalism ensures that the government has the knowledge to provide the economically efficient number and amount of public goods without either leaving too much or too little productive activity to the sphere of private exchange. In their latest paper, NOUS members Weiterlesen…
What is the relationship, if any, between economic freedom and pandemics? In their latest paper, NOUS member Rosolino Candela and Vincent Geloso address this question from a robust political economy approach. As is the case with recovery from natural disasters or warfare, a society that is relatively free economically offers Weiterlesen…
In her latest work, NOUS member Olga Nicaora chapter the concept of “entrepreneurial alertness” (Kirzner in Competition and Entrepreneurship) with the bourgeois liberty and dignity perspective on modern growth (McCloskey in Bourgeois Dignity: Why Economics Can’t Explain the Modern World) to propose a comparative liberty-dignity framework for the allocation of creative (or Weiterlesen…