Stefan Kolev/ Patricia Commun: Wilhelm Röpke (1899-1966) – A Liberal Political Economist and Conservative Philosopher

This volume provides a comprehensive account of Wilhelm Röpke as a liberal political economist and social philosopher. Wilhelm Röpke (1899-1966) was a key protagonist of transatlantic neoliberalism, a prominent public intellectual and a gifted international networker. As an original thinker, he always positioned himself at the interface between political economy Weiterlesen…

Daniel B. Klein/ Erik Matson/ Colin Doran: The Man within the Breast, the Supreme Impartial Spectator, and Other Impartial Spectators in Adam Smith’s ‚The Theory of Moral Sentiments‘

Adam Smith infused the expression “impartial spectator” with a plexus of related meanings, one of which is a super-being, which normally would aptly take the definite article the, and which bears parallels to monotheistic ideas of God. As for any genuine, identified, human spectator of an incident, he can be Weiterlesen…

Peter J. Boettke/ Rosolino Candela/ Kaitlyn Woltz: Is the Market Wage the Just Wage? A Reassessment of Factor Pricing and Distributive Justice

Do markets generate a “just” wage? The answer to this question will depend upon the particular theory of the market that the political economist employs. When comparing actual labor markets with the neoclassical theory of competitive equilibrium as its normative benchmark, Joseph Heath (2018) argues that factor pricing is orthogonal Weiterlesen…