These are the slides for a talk on Alienation versus Delegation at a conference on Philanthropy and the Economic Way of Thinking at Troy University, Troy, Alabama November 7, 2014.
Talk on property theory at UMKC, Nov. 2014
November 20, 2014 by
These are the slides, with some minor additions and editing, for a talk On Property Theory given at the University of Missouri at Kansas City Economic Department November 17, 2014.
Property and Production
November 1, 2014 by
This is the 30th anniversary of the publication of this paper, Property and Production, which laid out the whole property-theoretic analysis of production. I would not change a word today.
Zagreb Talk Sept 2014
September 21, 2014 by
These are the slides and a video of a talk in Zagreb Sept. 8, 2014 on green issues and ESOPs.
On a fallacy in the Kaldor-Hicks efficiency-equity analysis
March 18, 2014 by
This paper shows that implicit assumptions about the numeraire good in the Kaldor-Hicks efficiency-equity analysis involve a “same-yardstick” fallacy.
Parallel Experimentation
February 5, 2014 by
The theme of parallel experimentation is used to recast and pull together dynamic and pluralistic theories in economics, political theory, philosophy of science, and social learning.
Making Enterprises and Markets Responsible
March 26, 2013 by
This is a paper written to further Richard Cornuelle’s abiding vision of a more responsible economy and posted here to invite comment. The basic idea is revisit the whole idea of a market economy dominated by absentee-owned and publicly traded corporations (“Wall Street Capitalism”) that disconnect companies (“the Mother of all disconnects”) from the natural desires of the people working in the companies to improve their communities.
Rethinking Common vs. Private Property
August 14, 2012 by
The purpose of this paper is to suggest a rethinking of the common-versus-private framing of the property rights issue in the Commons Movement. The underlying normative principle we will use is simply the basic juridical principle that people should be legally responsible for the (positive and negative) results of their actions, i.e., that legal or de jure responsibility should be imputed in accordance with de facto responsibility. In the context of property rights, the responsibility principle is the old idea that property should be founded on people getting the (positive or negative) fruits of their labor, which is variously called the labor or natural rights theory of property.