This paper considers the economic theories that are relevant for the study of peace war and international security . It presents different levels of generality, starting with the big questions of international security, which are usually the domain of international relations, before moving to general economic theoretical perspectives and then focusing on some specific developments in economics ...

Austrian economists writing after the so-called Austrian revival of the 1970s have generally been dismissive of Lionel Robbins’s An Essay on the Nature and Significance of Economic Science (Robbins 1932), denying it a significant role in shaping the modern praxeological paradigm in economics.1 Their attitude in this regard has been heavily influenced by the views of Israel Kirzner. Kirzner (197...

At W7-AS, the confinement properties are analyzed and compared mainly with neoclassical predictions for quite different conditions. Low density ECRH discharges allow access to the very long mean free path regime for electrons ( Q up to 4 keV at fl"= | 2Kt01e m-3) whereas combined NBL/ ECRH discharges at high density (7.= T/ 1 keV at fl.= I02o m-3) lead to high performance. Depending on the achi...

Edith Penrose’s The Theory of the Growth Firm provides an intellectual foundation for a theory innovative enterprise, which is essential to any attempt explain productivity growth, employment opportunity, and income distribution. firm also antidote absurdity that has been taught by PhD economists millions college students over seven decades: most unproductive efficient economy. dissemination th...

The field of cognitive psychology studies how people make decisions and how these decisions are reflected in behavior. In contrast, neo-classical economics has pursued the economic conditions which are sufficient for decentralized resource allocation to achieve a Pareto optimal outcome. In pursuit of these conditions, neoclassical economists have identified those characteristics of economic beh...

This paper concerns computational models in environmental economics and policy, particularly so-called integrated assessment models. For the most part, such models are simply extensions of standard neoclassical growth models, extended by including the environment and pollution generation. We review the structure of integrated assessment models, distinguishing between finite horizon and infinite...

This is a schools brief style of introduction to evolutionary economics. It addresses the nature of evolutionary theory in relation to economics, and examines why evolutionary economists argue that market-capitalism is an evolutionary system. Finally, it argues that liberal economic philosophy has much stronger and more direct relationship with evolutionary economic analysis than neoclassical e...

We build and describe an agent-based model: the Surprise Game. The game comprises a “world” of 30 fi rms, each of which has to survive (and, if possible, prosper) in its environment, which is nothing more than the other 29 fi rms. Each fi rm has to latch onto one or other of the four strategies that are predicted by the theory of plural rationality but has to relinquish that strategy and latch ...

Ever since Hayek’s 1937 classic, “Economics and Knowledge,” Austrians and other sympathetic writers have rightly emphasized study of the coordination properties of an economic system. To this end, they have claimed a distinction between the Hayekian focus on coordination and the neoclassical focus on equilibrium and efficiency. Although genuine and important, this distinction has yet to be sati...