Intertemporal General Equilibrium Theory cannot be used to settle the Capital Controversy. The device of using dated commodities to avoid dynamic analysis excludes, artificially, strategic behaviour. The auctioneer plays an unsuspectedly stronger role in the dynamic economy than in the static...

Is justice individualistic or both individualistic andsocial? Opposite views on this question include von Hayek, who said that `social justice' was an oxymoron, and the late Holy Father who, in Sollicitudo Rei Socialis said that some socio-economic institutions can have`structures of sin' in...