Month: October 2016

Utility and Interpersonal Comparisons of Utility

This article describes cardinal and ordinal utility as I understand them and then argues that analysis under cardinal utility is more productive. I also argue for the plausibility of interpersonal comparisons of utility. Ordinal and Cardinal Utility When the preference

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The Kirznerian Delta: FSR or Abundance?

This article argues that the several concepts of the entrepreneur on Austrian Economics are all lacking, but to varying degrees. I argue that the Kirznerian entrepreneur, partricularly understood, is the closest match to reality, but I attempt to further improve

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Pros and Cons of Aggregate Terms in Advancing Particular Theory

A professor of mine recently made the following remark about one of my writings: “Most concerning in my judgment is your facile use of aggregate terms to denote particular lines of meaning, as illustrated by your references to neoclassical, Austrian,

Short Essay Regarding “Dispute Resolution when Rationalities Conflict: Cost and Choice in a Mixed Economy”

This short essay was a 2nd year Ph.D. level homework assignment for which I received a B+, where the professor grading my response was also the original article’s author. The original article from Wagner (2011) is a working article, accessible

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The Military Singularity

This article argues that a singularity-like event in the market for defense would be a watershed moment in the transformation of a mixed economy to polycentric governance. I won’t be calculating a date in the context of this article. One

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James Buchanan and the Synthesis of Austrian and Neoclassical Economics

One of my research interests is the synthesis of Neoclassical and Austrian Economics. While I originally set out to execute this synthesis, I now find myself documenting the fact that such synthesis has already occurred. An individual scholar of interest

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The Economics of Original Intent

Utility is maximized by the intent of transaction, not by the letter of the contract of the transaction, if any such document exists. This forms an economic argument for the interpretation of contracts on original intent. Consider some contract using

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