What can we learn about applied price theory from the Bourgeois Era? In their latest paper, NOUS members Rosolino Candela and Peter Boettke contend there are three important lessons that can be extracted from McCloskey’s work on the Great Enrichment. First, transaction costs are not constraints, but objects of choice. Read more…
Law and Economics deals with the economic analysis of legal relations, legal provisions, laws and regulations and is a research field which has a long tradition in economics. It was lost after the expulsion of some of the leading economists from Germany during 1933 to 1938, but then revived in Read more…
The theme arises from the legal-academic movement “Law and Literature”. This newly developed field should aim at two major goals, first, to investigate the meaning of law in a social context by questioning how the characters appearing in literary works understand and behave themselves to the law (law in literature), Read more…
Jordan Peterson says that postmodernists say no interpretation is better than another. Hmm. I would no sooner identify Peterson’s adversaries as those who have been misled by “postmodernism” than I would identify them as misled by “sustainability,” “diversity,” “multiculturalism,” or “intersectionality.” Such fare is mainly symptomatic. “Postmodern” invocations are often Read more…
This book explains how advanced democracies and welfare states can achieve welfare-enhancing, liberal institutional reform. It develops a general theory based on an extended comparative case study of Sweden and Australia over the last 25 years, and offers an in-depth contribution to the field of institutional change, explaining how to Read more…
When you look at the amazing results from this report it is clear why this study, along with other academic research and newspaper articles all looked at the events and actions in a small council estate in Cornwall between 1997 and 2005. Here we have empirical evidence that involving residents Read more…