The intention of this paper is to extend critiques of rationality that have been developed across a range of disciplines and within a number of strands of feminism. Initially providing a brief review of rationality critiques, the paper then focuses on bounded rationality, the key behavioural...

This paper assesses two economic perspectives on racial discrimination in labour markets: the ‘Chicago school’ claims racial discrimination is a temporary phenomenon which is removed by competition; whereas more recent economics claims that labour markets are imperfect, so...

What binds most of the disparate writings by institutional economists (broadly defined), from the earlier progenitors, such as Veblen, Keynes and Galbraith, to the modern institutionalists, including Means, Fusfield and Hodgson, is their questioning of many of the tenets of neoclassical theory....

This paper discusses the philosophical foundations of game-theoretic Marxism. Initially the reductionist pretensions of analytical Marxism, which has practised game-theoretic Marxism, are considered and rejected. After advancing an anti-reductionist game-theoretic formulation of Marx’s...

Can unanimous (or nearly so) agreement be reached by members of a diverse community on a system of justice in distribution used to guide the re-distribution of endowments within this community? Arrow’s impossibility result suggests that this question will receive a negative answer if...

What has to be developed here is a comprehensive general economic theory of law, based on normative individualism, i.e. the notion of individual freedom. Such a theory can only be evolutionary in character. It must recognize empirical knowledge and transfer it into norms, yet remain open to...