Takings jurisprudence is engaged in a constant paradox. It is conventionally portrayed as chaotic and muddy, and yet attempts by the judiciary to create some sense of order in it by delineating the field into distinctive categories that each have a different set of rules are often criticized as...

This paper presents an empirical account of the diversity of regulatory developments over the past fifty years, and provides a theoretical framework for understanding this diversity. We build upon the "varieties of capitalism" and the "regulatory capitalism" literatures which provide methods for...

While economic freedom has been linked to positive outcomes such as economic growth and well-being, studies examining its relationship with income inequality have produced inconsistent results. The chapter reviews empirical research published in peer-reviewed journals indexed in the Social...

This essay tests Milton Friedman’s conjecture that capitalism is a necessary condition for political freedom. For the decade around 2000 indices of the degree of capitalism and the degree of political freedom are highly correlated and provide plausibility for Friedman’s conjecture. In...

In this essay, I seek to provide an overview of André Gorz's conception of modern capitalism, considering different moments of his intellectual production. From his initial criticism of the concept of the proletariat between the 1970s and 1980s until his last theoretical work that addresses the...

Economic theories for policy are naturally biased either to capitalism or socialism, in ideological opposition. The theories are used as rhetorical tools by right or left politicians to argue for less or more government spending. The reality is: most economies are at least to some extent...

In the presence of (at least locally) increasing returns to scale tech- nologies, the paper asks the question: does there exist an economic system which implements Pareto efficient allocations and respects the voluntary participation principle? To answer this question, the paper formulates an...

The research on the structure of macroeconomic metamodels began in 1976 and included the development of the archetypes, 10-year scenarios and their validation for three periods until the structures were validated. The goal was to find the drivers of economic growth and sustainability. It...

This essay outlines the big-picture aspects of capitalism and socialism, and uses this overview to discuss human liberty and economic liberty in each system. Additionally, I note that some have argued that capitalism is unfair or immoral and so I consider three specific and common moral...

Conventional deadweight loss measures of the social cost of monopoly ignore, among other things, the social cost of inducing competition and thus cannot accurately capture the loss in social welfare. In this Article, we suggest an alternative method of measuring the social cost of monopoly....