Lecture to the memory of Alfred Nobel, December 11, 1974

Though the rationality postulate is generally considered the paradigmatic core of economics, there is little agreement about its specific content and methodological status. This paper seeks to clarify some of the ambiguity surrounding the postulate by drawing a distinction between the...

This book argues that the capacity of a country to develop, and the levels of economic and social development achieved, depend more on the institutional parameters within which the development policies are implemented than on the policies themselves. It contends that forces of globalisation...

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,...

The paper contrasts two interpretations of the role of agreement in politics, a social contract notion and a dialogue notion. It is argued that the two notions can be viewed as complementing each other if one explicitly separates two components in human choice that in rational choice theory are...

This is a personal account of my relationship with James M. Buchanan, his significance for my academic career and the influence of his work on my own research. Copyright Springer Science+Business Media New York 2014