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Virtue ethics proposes a set of seven—four pagan virtues and three Christian—as a roughly adequate philosophical psychology. Hobbes tried to get along with one virtue, prudence, to which Rawls added a veiled virtue of justice. Nussbaum’s Frontiers of Justice adds the virtue of love. But in...
An important literature exists on bureaucracy. It deals with economic and political consequences. Many scholars analysed these particular organizations and different schools of thought provided their own interpretation of bureaucratic phenomena. Mises’ theory of bureaucracy is known as being an...
This paper analyzes classical concepts of division of labour and offers some contemporary theoretical model which includes causes and effects of it. For Smith, the main cause is a tendency of human nature to exchange and the main effect is a progress of the country. For Marx, the fundamental...
Thus far, psychological input has been used in economics mainly to highlight the cognitive imperfections of market participants. The normative implication of behavioral economics in its current state is that imperfections of market participants should be rectified by psychologically informed...
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