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Links, documents, code, and comments about economics
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Musgrave’s few words on Pigou, Bentham, and Rawls
Read more“As the doctrine developed, the rule of equal marginal sacrifice soon won the day and with Pigou (1928, p. 60) became the correct solution. Viewed from the perspective of fairness, this was hardly persuasive. Why…
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Samuelson on physics, economics, and sociology
Read more“Economics is by its nature a softer and less exact science than, say, conventional physics. Now in a hard, exact science a practitioner does not really have to know much about methodology. Indeed, even if…