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Peter J Boettke - One of the best experts on this subject based on the ideXlab platform.

  • Where Chicago meets London: James M. Buchanan, Virginia Political Economy, and cost theory
    Public Choice, 2020
    Co-Authors: Peter J Boettke, Rosolino A. Candela
    Abstract:

    James M. Buchanan argued that not only the study of public choice, but also property-rights economics as well as law and economics, can be traced directly to the work of scholars associated with the Thomas Jefferson Center for Studies in Political Economy and Social Philosophy at the University of Virginia (UVA). We draw attention to that point by raising the following question: what was the common knowledge at UVA that made it uniquely suited for the development of each of those related, yet distinct subdisciplines of political economy? Fundamentally, the answer is the unique combination of Chicago price theory and London School of Economics cost theory developed at UVA, where opportunity costs were regarded not as constraints to which individuals passively respond. Rather, they are the reciprocal of the act of choice itself. That subtle distinction has significant implications not only for public policy, but, what is more important, the proper scale and of governmental responses to market failures. The unique combination of the Chicago and London schools was central to the development of a neglected branch of price theory at the University of Virginia.

  • where chicago meets london james buchanan virginia political economy and cost theory
    Social Science Research Network, 2019
    Co-Authors: Peter J Boettke, Rosolino Candela
    Abstract:

    James Buchanan has argued that not only the study of public choice, but also property-rights economics as well as law and economics can be directly traced to the work of scholars associated with the Thomas Jefferson Center for Studies in Political Economy and Social Philosophy (TJC) at the University of Virginia (UVA). We draw attention to this point to raise the following question: what was the common knowledge at UVA that made it uniquely suited for the development of each these related, yet distinct subdisciplines of political economy? Fundamentally, this can be explained by the unique combination of Chicago price theory and LSE cost theory developed at UVA, where opportunity costs were regarded not as constraints to which individuals passively respond. Rather, they are the reciprocal of the act of choice itself. This subtle distinction has significant implications not only for public policy, but more importantly the scope and scale of government with respect to addressing market failures. This unique combination between the Chicago School and London School was central to the development of a neglected branch of price theory at the University of Virginia.

  • Challenging Institutional Analysis and Development: The Bloomington School
    2009
    Co-Authors: Paul Dragos Aligica, Peter J Boettke
    Abstract:

    Introduction Part 1: From Metropolitan Reform to a Theory of Governance Systems: The Origins and Main Themes of the Bloomington Research Program 1. Political Economy, Polycentricity and the Metropolitan Reform Debate 2. Crossing the Great Divide: The Nature of Public Economies Part 2: The "Human Condition" and the Foundations of Social Order: Elements of a Social Philosophy of Institutionalism 3. Knowledge and Institutions: Developing a Social Philosophy of Institutional Order and Change 4. Ideas, Language and Meaning: Ontological and Epistemological Foundations of Institutional Order and Institutional Analysis Part 3: The Bloomington School in its Intellectual Context: A Family of Themes and Schools of Thought 5. Competing Disciplines, Methodological Divides and Emerging Research Agendas: The Bloomington School in its Interdisciplinary Setting 6. Public Policy Analysis, Public Choice and the Old "New Science of Politics" Conclusions: A Science of Association, a Science of Citizenship, a Science of Liberty. Postscript: Rethinking Institutional Analysis and Development. Dialogues with Vincent and Elinor Ostrom

Rosolino A. Candela - One of the best experts on this subject based on the ideXlab platform.

  • Where Chicago meets London: James M. Buchanan, Virginia Political Economy, and cost theory
    Public Choice, 2020
    Co-Authors: Peter J Boettke, Rosolino A. Candela
    Abstract:

    James M. Buchanan argued that not only the study of public choice, but also property-rights economics as well as law and economics, can be traced directly to the work of scholars associated with the Thomas Jefferson Center for Studies in Political Economy and Social Philosophy at the University of Virginia (UVA). We draw attention to that point by raising the following question: what was the common knowledge at UVA that made it uniquely suited for the development of each of those related, yet distinct subdisciplines of political economy? Fundamentally, the answer is the unique combination of Chicago price theory and London School of Economics cost theory developed at UVA, where opportunity costs were regarded not as constraints to which individuals passively respond. Rather, they are the reciprocal of the act of choice itself. That subtle distinction has significant implications not only for public policy, but, what is more important, the proper scale and of governmental responses to market failures. The unique combination of the Chicago and London schools was central to the development of a neglected branch of price theory at the University of Virginia.

Rosolino Candela - One of the best experts on this subject based on the ideXlab platform.

  • where chicago meets london james buchanan virginia political economy and cost theory
    Social Science Research Network, 2019
    Co-Authors: Peter J Boettke, Rosolino Candela
    Abstract:

    James Buchanan has argued that not only the study of public choice, but also property-rights economics as well as law and economics can be directly traced to the work of scholars associated with the Thomas Jefferson Center for Studies in Political Economy and Social Philosophy (TJC) at the University of Virginia (UVA). We draw attention to this point to raise the following question: what was the common knowledge at UVA that made it uniquely suited for the development of each these related, yet distinct subdisciplines of political economy? Fundamentally, this can be explained by the unique combination of Chicago price theory and LSE cost theory developed at UVA, where opportunity costs were regarded not as constraints to which individuals passively respond. Rather, they are the reciprocal of the act of choice itself. This subtle distinction has significant implications not only for public policy, but more importantly the scope and scale of government with respect to addressing market failures. This unique combination between the Chicago School and London School was central to the development of a neglected branch of price theory at the University of Virginia.

Stefan Kolev - One of the best experts on this subject based on the ideXlab platform.

  • paleo and neoliberals ludwig von mises and the ordo interventionists
    2018
    Co-Authors: Stefan Kolev
    Abstract:

    Kolev provides a reconstruction of the intellectual relationship between Austrian economist Ludwig von Mises and German ordoliberals Walter Eucken and Wilhelm Ropke, aiming at a nuanced understanding of the hostile climate in their relationship. The four decades are separated into five phases: (1) Socialization echoing the Methodenstreit, (2) initial debates on business cycles in the 1920s and early 1930s, (3) clashes on political economy and Social Philosophy at the Colloque Walter Lippmann in 1938 and the early decades of the Mont Pelerin Society after 1947, (4) coexistence during the German “economic miracle,” and (5) exchanges in the 1960s, including new archival materials about Mises’ only honorary doctorate in economics, at Freiburg in 1964. As an overarching element, Kolev offers a specific interpretation of neoliberalism.

  • ludwig von mises and the ordo interventionists more than just aggression and contempt
    Social Science Research Network, 2016
    Co-Authors: Stefan Kolev
    Abstract:

    This paper explores the four decades of intellectual relationship between the Austrian School economist Ludwig von Mises (1881-1973) and two major representatives of German ordoliberalism, Walter Eucken (1891-1950) and Wilhelm Ropke (1899-1966). The timespan covered starts in the early 1920s and terminates with Ropke’s passing in 1966, a period featuring numerous encounters in person and several debates in published works, accompanied by exchange in correspondence. The central goal of the paper is to provide a more nuanced understanding of the reasons for the hostile climate and the confrontation patterns than earlier narratives in secondary literature. A key tool is the technique of embedding the scholarly component of the interactions into a complex network of interpersonal relationships. The four decades are separated into five distinct phases with differently nuanced communication patterns: 1) early Socialization echoing the animosities between the Austrian School and the Historical School; 2) initial debates in the 1920s and early 1930s on business cycle theory and policy where seniority and maturity play an important role; 3) clashes on political economy and Social Philosophy at the Colloque Walter Lippmann in 1938 and during the two initial decades of the Mont Pelerin Society after 1947; 4) coexistence during the German “economic miracle”; 5) exchanges in the 1960s, including a discussion of archival materials never published before about Mises’ only honorary doctorate in economics, awarded to him by the University of Freiburg in 1964. Based on this historical account at the heart of the paper, conjectures are formulated as to why – despite the common ground in the inquiries pursued – the protagonists continuously fail to engage in more fruitful scholarly debates, and hypotheses are formulated about the substantive core at stake. In addition, a critical overview of selected strands within the extensive historiographic literature exploring the Austrian School and ordoliberalism in recent decades is provided, including a specific reading of the concept of neoliberalism.

  • f a hayek as an ordo liberal
    HWWI Research Papers, 2010
    Co-Authors: Stefan Kolev
    Abstract:

    Friedrich August von Hayek (1899-1992) is undoubtedly one of the most significant liberal thinkers of the past century. Born and raised in Vienna in the tradition of the Austrian School, he held academic positions i.a. in London, Chicago and Freiburg, thus uniting in his vita the four principal centers of neo-liberalism. His intellectual development is of special interest, since he shifts the focus of his research agenda several times, most notably from the field of business cycle research towards the broader field of Social Philosophy. According to this well-known break in his oeuvre, there is a classical division in secondary literature, splitting him into the two phases: Hayek I (the business cycle theorist) and Hayek II (the Social philosopher). The present paper will try to show that this two-fold division is inadequate, or at least incomplete. Instead, a three-fold division seems more appropriate: here, Hayek I would again be the business cycle theorist, but Hayek II is seen as an ordo-liberal philosopher and Hayek III as the evolutionist philosopher. Regarding the time-span of the latter phases, the paper contends that the ordoliberal Hayek is to be seen in the 1930s and 1940s (the time of The Road to Serfdom and the founding of the Mont Pelerin Society), whereas his evolutionist phase starts in the 1950s and continues to the end of his life.

Jeanphilippe Deranty - One of the best experts on this subject based on the ideXlab platform.

  • beyond communication a critical study of axel honneth s Social Philosophy
    2009
    Co-Authors: Jeanphilippe Deranty
    Abstract:

    [Beyond Communication is the first comprehensive study dedicated to the work of Axel Honneth. By relocating Honneth’s theory of recognition within the tradition of Social Philosophy, Beyond Communication demonstrates the great scope and variety of Honneth’s philosophical contribution., Beyond Communication is the first comprehensive study dedicated to the work of Axel Honneth. By relocating Honneth’s theory of recognition within the tradition of Social Philosophy, Beyond Communication demonstrates the great scope and variety of Honneth’s philosophical contribution.]

  • beyond communication a critical study of axel honneth s Social Philosophy
    2009
    Co-Authors: Jeanphilippe Deranty
    Abstract:

    Few thinkers have made such significant contribution to Social and political thinking over the last three decades as Axel Honneth. His theory of recognition has rejuvenated the political vocabulary and allowed Critical Theory to move beyond Habermas. Beyond Communication is the first full-scale study of Honneth's work, covering the whole range of his writings, from his first sociological articles to the latest publications. By relocating the theory of recognition within the tradition of European Social theory, the book exposes the full depth and breadth of Honneth's philosophical intervention. The book will be an indispensable resource for anyone interested in contemporary Philosophy and the Social sciences.