Download or read book Revisiting Frank H Knight s The Ethics of Competition written by Ross B. Emmett and published by . This book was released on 2019 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: James M. Buchanan revisited his mentor's famous 1923 essay “The Ethics of Competition” in an essay written for the centenary celebration of Frank Knight's birth in 1985. Buchanan's paper focused on the first section of Knight's essay, and outlined why it provided an inadequate criticism of a competitive market economy. Essentially, the essay was flawed by what Buchanan understood to be a methodological ambiguity which formed the basis for Knight's ethical critique. A year later, in Buchanan's Nobel Lecture, he made no reference to Knight, despite have widely acknowledged in other ways his general indebtedness to Knight's appreciation for competitive markets in forming his own approach to public choice. After reviewing the structure of Buchanan's criticism, the paper turns to examine what Knight did with his views on ethics, economics, and social/political organization after the mid-1920s. Knight's Weberian turn led him to abandon the “successive approximation” method he had argued in favor of in Risk, Uncertainty and Profit (1921), and instead seek an economics that provided general insights from an ideal type analysis of market interaction, combined with a) a comparative social and political institutional analysis; and b) a comparative study of ethical systems to evaluate which was appropriate to the problems of a liberal, democratic society. At the end, a brief look at Buchanan's movement toward Knight on methodological issues after his Nobel Lecture is examined. Buchanan's changes come from a new appreciation for increasing cost and social ideas and norms, as well as his growing appreciation for Knight's notion of democracy as “government by discussion.”

Download or read book The Ethics of Competition written by Frank Hyneman Knight and published by Books for Libraries. This book was released on 1969 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Ethics of Competition written by Peter F. Drucker and published by Routledge. This book was released on 2017-09-08 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Ethics of Competition is a book of Frank H. Knight's writings on a common theme: the problem of social control and its various implications. Knight believed in free economic institutions but was also aware that the competitive economic system could be improved. One of the central figures of neoclassical economics in the twentieth century, Knight pursued a lifelong campaign against irrationalities of nationalism, religious fanaticism, and group conflict, while conceding that these were fundamental orientations of human action that might yet frustrate his own work as an economist. While Knight vigorously defended human freedom and the liberal order, he also was sufficiently moved by the shortcomings of liberalism as to condemn it as rife with abuse. As Richard Boyd writes in the new introduction, The Ethics of Competition is nothing short of visionary. Knight foresaw virtually all of the reductionistic tendencies that have come to plague the discipline he cultivated, neoclassical economic theory. Even more impressively, Knight related these disciplinary proclivities back to themes as grand as the fate of liberal democracy and human nature. Boyd discusses Knight's belief that the human craving for simple, mechanical explanations inevitably leads to frustration rather than material satisfaction. Chapters in The Ethics of Competition include "Economic Psychology and the Value Problem," "The Limitations of Scientific Method in Economics," "Marginal Utility Economics," "Fallacies in the Interpretation of Social Cost," and "Economic Theory and Nationalism." This volume will be of essential value to economists, political theorists, philosophers, and sociologists.

Download or read book The Ethics of Competition written by Frank Hyneman Knight and published by Transaction Publishers. This book was released on 1997-01-01 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Ethics of Competition is a book of Frank H. Knight's writings on a common theme: the problem of social control and its various implications. Knight believed in free economic institutions but was also aware that the competitive economic system could be improved. One of the central figures of neoclassical economics in the twentieth century, Knight pursued a lifelong campaign against irrationalities of nationalism, religious fanaticism, and group conflict, while conceding that these were fundamental orientations of human action that might yet frustrate his own work as an economist. While Knight vigorously defended human freedom and the liberal order, he also was sufficiently moved by the shortcomings of liberalism as to condemn it as rife with abuse. As Richard Boyd writes in the new introduction, The Ethics of Competition is nothing short of visionary. Knight foresaw virtually all of the reductionistic tendencies that have come to plague the discipline he cultivated, neoclassical economic theory. Even more impressively, Knight related these disciplinary proclivities back to themes as grand as the fate of liberal democracy and human nature. Boyd discusses Knight's belief that the human craving for simple, mechanical explanations inevitably leads to frustration rather than material satisfaction. Chapters in The Ethics of Competition include "Economic Psychology and the Value Problem," "The Limitations of Scientific Method in Economics," "Marginal Utility Economics," "Fallacies in the Interpretation of Social Cost," and "Economic Theory and Nationalism." This volume will be of essential value to economists, political theorists, philosophers, and sociologists.

Download or read book The Ethics of Competition Revisited written by Eugene Victor Rostow and published by . This book was released on 1963 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Ethics of Competition and Other Essays written by Frank H. Knight and published by . This book was released on 2014-12-11 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: 2014 Reprint of Original 1935 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. "The Ethics of Competition" is nothing short of visionary. Knight foresaw virtually all of the reductionist tendencies that have come to plague the discipline he cultivated, neoclassical economic theory. Even more impressively, Knight related these disciplinary proclivities back to themes as grand as the fate of liberal democracy and human nature. Knight believed that the human craving for simple, mechanical explanations inevitably leads to frustration rather than material satisfaction. Chapters include: "Economic Psychology and the Value Problem," "The Limitations of Scientific Method in Economics," "Marginal Utility Economics," "Fallacies in the Interpretation of Social Cost," and "Economic Theory and Nationalism." This volume will be of essential value to economists, political theorists, philosophers, and sociologists. Frank H. Knight (1885-1972) was one of the original founders of the Chicago School of Economics. He was Morton D. Hall Distinguished Service Professor, Emeritus, of Social Science and Philosophy and was most famous for his work on the distinction between economic risk and uncertainty.

Download or read book The Ethics of Competition written by Peter F. Drucker and published by Routledge. This book was released on 2017-09-08 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Ethics of Competition is a book of Frank H. Knight's writings on a common theme: the problem of social control and its various implications. Knight believed in free economic institutions but was also aware that the competitive economic system could be improved. One of the central figures of neoclassical economics in the twentieth century, Knight pursued a lifelong campaign against irrationalities of nationalism, religious fanaticism, and group conflict, while conceding that these were fundamental orientations of human action that might yet frustrate his own work as an economist. While Knight vigorously defended human freedom and the liberal order, he also was sufficiently moved by the shortcomings of liberalism as to condemn it as rife with abuse. As Richard Boyd writes in the new introduction, The Ethics of Competition is nothing short of visionary. Knight foresaw virtually all of the reductionistic tendencies that have come to plague the discipline he cultivated, neoclassical economic theory. Even more impressively, Knight related these disciplinary proclivities back to themes as grand as the fate of liberal democracy and human nature. Boyd discusses Knight's belief that the human craving for simple, mechanical explanations inevitably leads to frustration rather than material satisfaction. Chapters in The Ethics of Competition include "Economic Psychology and the Value Problem," "The Limitations of Scientific Method in Economics," "Marginal Utility Economics," "Fallacies in the Interpretation of Social Cost," and "Economic Theory and Nationalism." This volume will be of essential value to economists, political theorists, philosophers, and sociologists.

Download or read book The Ethics of Competition and Other Essays written by Frank Hyneman Knight and published by . This book was released on 1969 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Normative Foundations of European Competition Law written by Oles Andriychuk and published by Edward Elgar Publishing. This book was released on 2017-08-25 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does competitive process constitute an autonomous societal value or is it a means for achieving more meritorious goals: welfare, growth, integration, and innovation? The hypothesis of The Normative Foundations of European Competition Law is that the former is the case. This insightful book analyses the phenomenon of competition from philosophical, legal and economic perspectives demonstrating exactly why competitive process should not be viewed only as an instrument. It consolidates various normative theories of freedom, market and competition, and explains how exactly they can be operationalized effectively in the matrix of the EU competition policy.

Download or read book Economics Ethics and Public Policy written by Charles K. Wilber and published by Rowman & Littlefield. This book was released on 1998 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: Years have passed since the end of the War of the Lance. The people of Ansalon have rebuilt their lives, their houses, their families. The Companions of the Lance, too, have returned to their homes, raising children and putting the days of their heroic deeds behind them. But peace on Krynn comes at a price. The forces of darkness are ever vigilant, searching for ways to erode the balance of power and take control. When subtle changes begin to permeate the fragile peace, new lives are drawn into the web of fate woven around all the races. The time has come to pass the sword ? or the staff ? to the children of the Lance. They are the Second Generation. An all-new audiobook edition of a classic Dragonlance novel. This book of five novellas bridges the gap between the Chronicles and Legends trilogies and Dragons of Summer Flame. While detailing their adventures, The Second Generation also sets up key events and characters in future Dragonlance novels.

Download or read book The Street Porter and the Philosopher written by Sandra Peart and published by University of Michigan Press. This book was released on 2009-11-16 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adam Smith, asserting the common humanity of the street porter and the philosopher, articulated the classical economists' model of social interactions as exchanges among equals. This model had largely fallen out of favor until, recently, a number of scholars in the avant-garde of economic thought rediscovered it and rechristened it "analytical egalitarianism." In this volume, Sandra J. Peart and David M. Levy bring together an impressive array of authors to explore the ramifications of this analytical ideal and to discuss the ways in which an egalitarian theory of individuality can enable economists to reconcile ideas from opposite ends of the political spectrum. "The analytical egalitarianism project that Peart and Levy have advanced has come to occupy a prominent place in the current agenda of historians of economic thought." ---Ross Emmett, Associate Professor of Economics and Co-Director of the Michigan Center for Innovation and Economic Prosperity, Michigan State University "These essays and dialogs from the Summer Institute would make Adam Smith, economist and moral philosopher, proud." ---J. Daniel Hammond, Hultquist Family Professor of Economics, Wake Forest University With essays by: James M. Buchanan, Alfred Nobel Memorial Prize in Economic Sciences recipient (1985) and Professor Emeritus, George Mason University and Virginia Polytechnic and State University Juan Pablo Couyoumdijian, Universidad del Desearrollo, Chile Tyler Cowen, George Mason University Eric Crampton, University of Canterbury, New Zealand Andrew Farrant, Dickinson College Samuel Hollander, Professor Emeritus, University of Toronto M. Ali Khan, Johns Hopkins University Thomas Leonard, Princeton University Deirdre McCloskey, University of Illinois, Chicago Leonidas Montes, Dean of School of Government, Universidad Adolfo Ibañez, Chile Maria Pia Paganelli, Yeshiva University and New York University Warren J. Samuels, Professor Emeritus, Michigan State University Eric Schliesser, VENI post-doctoral research fellow, Leiden University, and University of Amsterdam Gordon Tullock, George Mason University Sandra J. Peart is Dean of the Jepson School of Leadership Studies, University of Richmond, Virginia. David M. Levy is Professor of Economics at George Mason University (GMU) and Research Associate at the Center for Study of Public Choice at GMU. They are Co-Directors of George Mason University's Summer Institute for the Preservation of the History of Economics.

Download or read book If You re a Classical Liberal How Come You re Also an Egalitarian written by Åsbjørn Melkevik and published by Springer Nature. This book was released on 2020-03-28 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Classical liberalism has wrongly been regarded as an ideology that rejects the welfare state. In this book, Åsbjørn Melkevik corrects this common reading of the classical liberal tradition by introducing a theory of “rule egalitarianism”. Not only is classical liberalism compatible with social justice, but it can also help us understand why some egalitarian endeavours are an essential feature of a market society. If a necessary link exists between the classical liberal tradition and the moral and institutional dimensions of the rule of law, then this tradition is bound to uphold a substantial form of social justice. Coherence requires that classical liberals like Friedrich Hayek and Milton Friedman adopt an authentic egalitarian program. They should ameliorate poverty and limit inequality not merely out of prudence or collective self-interest, but for the natural justice of ongoing social cooperation as well as for the impartiality of market institutions.

Download or read book Development with Dignity written by Tom G. Palmer and published by Routledge. This book was released on 2022-01-31 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: At a time when the global development industry is under more pressure than ever before, this book argues that an end to poverty can only be achieved by prioritizing human dignity. Unable to adequately account for the roles of culture, context, and local institutions, today’s outsider-led development interventions continue to leave a trail of unintended consequences, ranging from wasteful to even harmful. This book shows that increased prosperity can only be achieved when people are valued as self-governing agents. Social orders that recognize autonomy and human dignity unleash enormous productive energy. This in turn leads to the mobilization of knowledge-sharing that is critical to innovation and localized problem-solving. Offering a wide range of interdisciplinary perspectives and specific examples from the field showing these ideas in action, this book provides NGOs, multilateral institutions, and donor countries with practical guidelines for implementing "dignity-first" development. Compelling and engaging, with a wide range of recommendations for reforming development practice and supporting liberal democracy, this book will be an essential read for students and practitioners of international development.

Download or read book The Language of Public Administration written by David John Farmer and published by University of Alabama Press. This book was released on 1995-07-30 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Coping with the practical problems of bureaucracy is hampered by the limited self-conception and the constricted mindsets of mainstream public administration thinking. Modernist public administration theory, although valuable and capable of producing ever more remarkable results, is limiting as an explanatory and catalytic force in resolving fundamental problems about the nature, size, scope, and functioning of public bureaucracy and in transforming public bureaucracy into a more positive force. This original study specifies a reflexive language paradigm for public administration thinking and shows how a postmodern perspective permits a revolution in the character of thinking about public bureaucracy. The author considers imagination, deconstruction, deterritorialization, and alterity. Farmer's work emphasizes the need for an expansion in the character and scope of public administration's disciplinary concerns and shows clearly how the study and practice of public administration can be reinvigorated.

Download or read book Milton Friedman written by Jennifer Burns and published by Farrar, Straus and Giroux. This book was released on 2023-11-14 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: An Economist Best Book of 2023 | One of The New York Times's 33 Nonfiction Books to Read This Fall | Named a most anticipated fall book by the Chicago Tribune and Bloomberg "Wherever you sit on the political spectrum, there's a lot to learn from this book. More than a biography of one controversial person, it's an intellectual history of twentieth century economic thought." —Greg Rosalesky, Planet Money (NPR) The first full biography of America’s most renowned economist. Milton Friedman was, alongside John Maynard Keynes, the most influential economist of the twentieth century. His work was instrumental in the turn toward free markets that defined the 1980s, and his full-throated defenses of capitalism and freedom resonated with audiences around the world. It’s no wonder the last decades of the twentieth century have been called “the Age of Friedman”—or that analysts have sought to hold him responsible for both the rising prosperity and the social ills of recent times. In Milton Friedman, the first full biography to employ archival sources, the historian Jennifer Burns tells Friedman’s extraordinary story with the nuance it deserves. She provides lucid and lively context for his groundbreaking work on everything from why dentists earn less than doctors, to the vital importance of the money supply, to inflation and the limits of government planning and stimulus. She traces Friedman’s longstanding collaborations with women, including the economist Anna Schwartz, as well as his complex relationships with powerful figures such as Fed Chair Arthur Burns and Treasury Secretary George Shultz, and his direct interventions in policymaking at the highest levels. Most of all, Burns explores Friedman’s key role in creating a new economic vision and a modern American conservatism. The result is a revelatory biography of America’s first neoliberal—and perhaps its last great conservative.

Download or read book The Idea of Culture in the Social Sciences written by Louis Schneider and published by CUP Archive. This book was released on 1973 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Chicago Plan Revisited written by Mr.Jaromir Benes and published by International Monetary Fund. This book was released on 2012-08-01 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.