Search Results for even

... that are appropriate to the stage of society’s de- velopment insure social cohesion. But even as institutions play this es- sential, instrumental role, if the ideal is to be more nearly approximated, the power of government must continuously be shifting from external institutional government to internal ethical...

... and gathering toward the advanced stage of a constructive commercial society. It is not a story of linear progress-there are many twists and turns and even retrograde motions, and at the level of particular societies there is constant failure; but at the level of humankind the net result of the steps...

... will find it to be nothing but one great machine, subdivided into an infinite number of lesser machines, which admit of subdivisions, to a degree beyond what senses and faculties can trace and explain. All these various machines, and even their most minute parts, are adjusted to each other...

... still deserve some applause, and even in a certain sense, may be denominated Virtuous” (TMS, 26). When this observation is combined with the fact that nature “rendered their [other persons] approbation most flattering and most agreeable to him for its own sake” (TMS, 116), we have...

... or of ourselves, for such judgement is based on the degree to which we are in sympathy with the sentiments that motivate an action. 3. David Hume writes in a similar vein: “When we consider how nearly equal all men are in their bodily force, and even in their mental powers and faculties, till...

... be- havior as a foundation for his subsequent work. Even at its most sanguine, Smith’s faith in the market requires the social definition and enforcement of a sense of “duty” as an ethical foundation. The importance of ethics in his thinking is reflected by the fact that he returns to that first...

.... London: Routledge, 2001. 495 pp. $140.00. Postmodernism: everyone talks about it; no one seems to be exactly certain what it is. Postmodernism and postmodernist thinking seem to pop up everywhere in contem- porary intellectual life, and yet even those of us who claim to feel a certain affinity...

...Donald E. Frey Richard T. Ely's economic methodology was heavily influenced by the scholarship of nineteenth-century liberal German Protestantism. It held that religious beliefs, even scripture, were not final truths but evolving expressions of historical experience. Thus historical and empirical...

... in the presence of externalities. We show that, in contrast with what most economists admit, Buchanan argued that, even if externalities are a cause of ``market failures,'' this cannot be used to legitimate the intervention of the state, because individuals tend to pay for the external effects their actions...

... than on the formal conformity of data and economic programs with expectations of the IMF bureaucracy. For programs and statistics to be considered consistent , tables of estimates must be filled out, even when data are missing, and the economic diagnosis must comply with monetarist-dominant...

...Juan Ramón Rallo “Chartalism” is generally conceived as a doctrine that states that money is a creation of the state. The father of chartalism, Georg Friedrich Knapp, even devoted the title of his magnum opus, The State Theory of Money , to highlighting this connection. Our purpose is to show...

...Marcel Boumans The first two chapters of Trygve Haavelmo’s Probability Approach provide a very rich epistemological framework for understanding what is involved in finding laws outside the laboratory. Even though these laws will be inexact, a framework was developed to specify for which conditions...

... no impression of there being a naive faith in the possibility of maintaining low unemployment with excess demand and inflationary policy. Even in cases where later editions of the same textbooks assert very firmly that such views were widespread, their expression is not to be found in the 1960s editions...

... more and more an end in itself, justifying any sacrifice on its behalf, even that of his own reputation, for example during the Nazi rule in Austria, 1938-45. This paper tells the story of this strange academic life and its repercussions for the evolution of Austrian economics. Correspondence may...

... articles in the same journal (1903, 1910, 1913), explored in great detail the impact of third-party consumption on an individual's utility function and, potentially, on social welfare. In fact, in such cases, the derivation of the market demand curve, and even the very notion of consumer surplus, seemed...

...John Pullen The extensive correspondence between T. R. Malthus and David Ricardo has been documented in The Works and Correspondence of David Ricardo , edited by P. Sraffa (1951–73). Malthus conducted an even more extensive correspondence with correspondents other than Ricardo. The dates...

... regarding product quality, although not in the same terms as the modern literature. This retrospective analysis will help clarify how early economic thought can enlighten us both on the nature and consequences of quality uncertainty and the mechanisms to address it, and may have even predicted the issues...

... and (trade-induced) opulence as two mutually alternative options and, if required to make a choice, he had no hesitation in choosing the former. By contrast, Ricardo excluded any such trade-off, arguing that even in the case of war or poor domestic harvest, foreign agricultural countries would be seriously...

... political economy even in a period of massive economic transformation, when classical analysis was widely deemed unable to account for the new reality of US industrial life. Correspondence may be addressed to Nicola Giocoli, Department of Law, University of Pisa, [email protected] . I thank...