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economists on Ken Binmore's modernization of Epicurean scientific philosophy that are collected in this special issue of Homo Oeconomicus speak for themselves. But except for mentioning it in the title Binmore ... does not explicitly address the methodological issues raised by pursuing a program of “scientific philosophy”. It seems that he deems it sufficient to practise in the book what he preaches in its title
political diseases seem to play a relatively minor role: Switzerland. So far, Switzerland is renowned for its extensive direct democracy and federalism. However, its electoral system has been largely ... elections in multi-member districts and proportional representation mitigates many of the political diseases. Institutions; Electoral system; Multi-member districts; Majority rule; At-large; Convergence 1
This paper in honor of Hans Albert ‘@100’ seeks to show how adhering to critical rationalist ‘economic philosophy’ avoids contradictions in James Buchanan’s contractarianism: restricting ... Buchantianism, Hans Albert’s critical rationalist economic philosophy is value-neutral. It does not claim to provide a justification for incorporating substantive moral/political values into economics as a
recent developments of the public reason approach to political philosophy in the post-Rawlsian tradition. This literature argues that in a world of deep moral and political diversity where individuals ... connections to more general political philosophy. It is often claimed that the major philosophical influence on Buchanan was Hobbes but, as is made clear in (Brennan and Eusepi 2013, 2016) , while there is an
Public Choice does not seem any longer to be a vivid part of the academic literature. The newly introduced version called “Political Economics” partly takes up some of the aspects previously ... aspects previously discussed in Public Choice. Whether this new version of political economy has much, or any, impact on economics or political decisions is open. In real life, the ideas contained in Public
: Modernizing epicurean scientific philosophy, Springer, 2020) has recently argued that fairness does not always occur, and when it does, it is caused by self-interest. The ultimatum game is well known for the ... is the role of fairness, and whether it is hardwired or acquired as a result of self-interested considerations. Binmore (Crooked thinking or straight talk: Modernizing epicurean scientific philosophy
, which would provide the possibility for European voters to participate actively in political decision making, to break political and interest group cartels, and to prevent unwanted shifting of ... V ‘Constitutional Political Economy’. 2 Such a much less ambitious, smaller constitution, which takes the preferences of the European voters into consideration, has been developed by the European
) . On the idea of a coherence-theoretical reflective equilibrium in political philosophy, see Rawls (1971 /1999), p. 42 ff. the facts of the world to which observations refer, but the moral intuitions ... moral philosophy for a long time. Adherents of ethical cognitivism answer the question affirmatively. Ethical non-cognitivists take the opposite stance. According to their view, knowledge of means-to-ends
We propose a comprehensive model of the political economy of land grabbing. It is based on arguments related to property rights assignments, societal power relations along the core-periphery ... emotionally charged, large-scale land acquisitions1 (LSLA), which occur mainly in the Global South, have become the center of a heated political and academic debate. So far, economists have mostly abstained
economists can and should use a plurality of values for evaluating these alternatives; the choice of the alternative to be implemented, however, should be a matter of political compromise in an open society ... economics. The paper of Geoffrey Brennan and Hartmut Kliemt addresses the status of the value-laden aim of adopting a critical rationalist stance of value-neutrality in economic philosophy. The same applies
. 4 and 5). 2 One of the causes of the lingering model platonism in economics might very well be that many economists have not even a basic knowledge of philosophy of science, as argued by Arnold and ... widespread in philosophy of science as it is in economics (see Sect. 1.3 below). 3 For an introduction, see Hans Albert (1985) and Paitlova (2021 ). Critical rationalism originated from the work of Popper
. Alternative (2), with epsilon best response and epsilon-equilibria, seems to fall somewhere in the middle. Legislating epsilon is dubious, although there could be a political-education or propaganda angle here ... .). Playing Fair MIT Press Binmore , K. ( 1998 ). Game Theory and the Social Contract (I vol .). Just Playing MIT Press Binmore , K. ( 1987 ). Modeling Rational Players I. Economics and Philosophy , 3 , 179
Alex Voorhoeve 0 0 Department of Philosophy, Logic and Scientific Method, London School of Economics and Political Science , Houghton Street, London WC2A 2AE , UK Epicurus posited that the best life ... that there is a tension between Epicurus’ hedonism and his claim that the best life is the tranquil life. For example, the Cyrenaics (members of a competing, sensualist school of hedonistic philosophy
Many negotiations (for instance, among political parties or partners in a business) are characterized by dynamic bargaining: current agreements affect future bargaining possibilities. We study such ... of Economic Dynamics and Control , 24 , 1265 - 80 . Lagos , R. , & Wright , R. ( 2005 ). A unified framework for monetary theory and policy analysis . Journal of Political Economy , 113 , 463 - 84
) Buchanan , J. ( 1958 ). Public principles of public debt . Richard D Irwin. Buchanan , J. ( 1960 ). The Italian tradition in fiscal theory. Fiscal theory and political economy . UNC Press. Eusepi , G. ( 2020 ... illusion of democratic political economy . Edward Elgar. Wagner , R. ( 2021 ). Giuseppe Eusepi: a courageous and cheerful countenance for the ages . Public Choice , 186 , 7 - 8 .
citizens in political decision-making in representative democracies are needed, we engage in debate on his proposals on voting rights, referenda and randomized decision-making. We are critical of the random ... -making. We are critical of the random selection of office-holders proposed by Frey, suggesting it may lead to alienation by citizens from the political process and would not really address the perceptional
. ( 2015 ). A note on stable and sustainable global tax coordination with Leviathan governments . European Journal of Political Economy , 37 , 64 - 67 . Fudenberg , Drew D. , & Tirole , Jean. ( 1992 ). Game ... , Jonathan, & Tsujiyama , Hitoshi. ( 2021 ). Optimal Income Taxation: Mirrlees Meets Ramsey . Journal of Political Economy , 129 . Helm , C. , & Wirl , F. ( 2021 ). Reconsidering Multitasking: Work Ethic or
Mercedes-Benz, in spite of geopolitical insecurities and a volatile semiconductor market, the global demand for vehicles remains robust; nevertheless, due to the unstable political situation and ongoing
remove political and other barriers from the path of institutional development than to actively engage in institution-building in order to encourage development. This too, unfortunately, faces challenges ... thinking: the acknowledgement of the importance of institutions in economic 1 Indeed, its popularity in policy, political science, and public administration journals have made complexity theory, in the words
political philosophers among participants. That mix reflected both Buchanan’s own interests and the way he is increasingly being recognized by the relevant disciplinary communities. Although he was never ... formally a member of anything other than Economics departments, he claimed for his work a close affinity with that of John Rawls,2 and he is increasingly being recognized by the philosophy discipline as a
