This paper offers an explanation of the use of tenure-track contracts in academia. It argues that, because the results of academic research cannot be sold, a professor's profitability depends on the market value of the instruction he or she provides. But because that value depends directly on...

The Elgar Companion to Austrian Economics is a major new reference work which highlights the common ground between all the branches of the school while demonstrating the breadth and diversity within it. The Companion reflects the many areas where Austrian economists have made contributions,...

In his "The Construction of Social Reality", Searle presents an account of rights, responsibilities, obligations, duties, and similar entities in terms of the formula "X" counts as "Y" in context "C", where ""X"" refers in the simplest case to some physical object or event and ""Y"" to the...