The current crisis has triggered significant debate concerning economic theory and policy. Largely absent from this debate is an informed discussion of the methods used by economists in analysing the economy and formulating their proposals. But method matters. Here I argue that current academic...

Recognizing and understanding the seminal role that the Kennedy tax cuts and those 15 years of inflation played in the cascade of deregulation and class entrenchment that put us where we are is necessary for plotting appropriate course corrections, but it is not sufficient.Identification of the...

We study how organizations can exist to facilitate coordination in a diverse population by mitigating strategic uncertainty. Members of an organization are obliged to take collective actions, which mitigates strategic uncertainty. But some actions may be detrimental to some members, thus...

The paper analyzes the inherent risks of paternalistic economic policies associated with the newly established economic sub-disciplines of behavioral economics, happiness economics and economic psychology. While the authors in general welcome these sub-disciplines for enriching and critically...

This paper aims to commemorate Albín Bráf and Josef Macek as the key figures in the history of Czech economic thinking. It focuses on three topics which their theoretical works had in common: firstly, the methodology of economics and its assesment as a social science, secondly, the solutions...

We delineate the various ways in which rights to environmental and other resources can be assigned to individuals or groups. We then examine models of individual and group interactions, drawing out their implications for the ways in which resources will be utilized and managed under various...