By what standard should we judge collective decision-making? In the liberal-democratic tradition, the overwhelming consensus affirms the supremacy of process. On this view, the justness and efficacy of collective decision-making depend on the inclusiveness of the process. That concern, ...
Many liberals (in the classical sense) are so reluctant to concede an inch to conservatism and progressivism that they insist the latter two political philosophies, and the worldviews that frequently accompany them, have no redeeming features. This is a ...
By what standard should we judge collective decision-making? In the liberal-democratic tradition, the overwhelming consensus affirms the supremacy of process. On this view, the justness and efficacy of collective decision-making depend on the inclusiveness of the process. That concern, ...
Already I may have gotten myself into trouble with my title. Strictly speaking, it is misleading to discuss social processes as having a purpose. For example, many people assert that the purpose of a market economy is to allocate ...
Economists have long debated the costs and benefits of stabilizing the purchasing power of money. Today, most First World countries’ central banks either pursue the stabilization of purchasing power as a primary goal, as in the case of the ...
Harvard professor Dani Rodrik’s recent mercantilist apology attempts to illustrate the unappreciated benefits of a much-maligned political-economic system: mercantilism. “Today, mercantilism is typically dismissed as an archaic and blatantly erroneous set of ideas about ...
If your main source of economic information is a newspaper, television news station, or government statistical bureau, you would probably say that macroeconomics is the discipline that studies a handful of aggregate data series, such as consumption, investment, government ...
