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Developing science does depend on special individuals. But it is the cooperative and competitive interplay of many contributors that makes the whole greater than the sum of its parts. Also understanding grows temporally in fits and starts. The 1750-1848 Age of Hume-Torrens-Ricardo-J. S. Mill was...
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Paul A. Samuelson taught that every society has to choose between butter and guns. Individuals have to make the Gossen test of utility equivalence. The authors of the recent Mirrlees Review seem to believe that they can avoid this choice by considering taxation only. But how can one decide on...
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Several noted economists briefly pay tribute to recently deceased Keynesian economist Dudley Dillard.
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