Standard economic theory proposes that public goods (equally available to everyone) will be underprovided by private markets. Individuals can benefit without having to pay, so there is little incentive to invest or manage resources efficiently. The punishment of criminals is an example of this, since everyone in a society benefits Read more…
« La construction genrée des affects politiques entre action et passion », chapitre d’ouvrage, in La politique à l’épreuve des émotions politiques, Alain Faure et Emmanuel Négrier (dir.), Rennes : Presses Universitaires de Rennes, coll. « Res Publica », 2017, pp. 231-239. See more here.
While previous research examines how institutions matter for general life satisfaction and how specific institutions embodying equal rights for gay people matter for the life satisfaction of gays, we combine these two issues to analyze how the latter type of institutions relates to general life satisfaction. The question is how Read more…
This paper reveals the history of feminist and gender economics as well as their similarities and differences. It also suggests that amongst heterodox approaches to economics, Austrian economics mostly suits feminist economics: their convergences are focused on the role of cooperation within institutions as well as on the place creativity has in the market and women’s attitude to problem solving.
This paper analyzes the link between large youth cohorts and violent conflicts when labor-market restrictions are present. Such restrictions are expected to limit the youth cohort’s access to income opportunities in the formal economy, and thus lower the youth-specific opportunity cost of insurrection activities. We develop a theoretical model of insurrection markets and integrate the youth cohort’s relative size.
In diesem Artikel wird unter besonderer Berücksichtigung der Schriften von Friedrich August von Hayek und seines intellektuellen Umfelds verdeutlicht, inwiefern auf die Forderung nach Integration (oder auch Assimilation oder gar Schutz der bestehenden Kultur) der Vorwurf des „Konstruktivismus“ zutrifft, den Hayek den Verfechtern der Planwirtschaft macht. Weiterhin soll begründet werden, warum in einer Offenen (Karl Popper) oder der Großen (Hayek) Gesellschaft auf eine Steuerung von Verhaltensweisen, Lebensgewohnheiten und ähnlichem verzichtet werden sollte, und weshalb die spontane Ordnung auch außerhalb der Sphäre des Ökonomischen das erfolgreichste Modell zur Entwicklung einer Gesellschaft ist.
The Cevro Institute, a private college in Prague, offers a degree in PPE & Behavioral aims to provide students with a cutting-edge knowledge of how behavioral science can be used to help inform the design of policy initiatives.
This is the first-ever English translation of an 1891 essay by Carl Menger published in the most important newspaper of the Habsburg Empire, the Neue Freie Presse. Menger writes the piece as a defense of classical political economy in general and of Adam Smith in particular, focusing on misinterpretations of Smith’s work by the Younger Historical School in Germany.