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The Capitalism Paradox
In spite of its numerous obvious failures, many presidential candidates and voters are in favor of a socialist system for the United States. Socialism is consistent with our primitive evolved preferences, but not with a modern complex economy. One reason for the desire for socialism is the misinterpretation of capitalism. The standard definition of free market capitalism is that it’s a system based on unbridled competition. But this oversimplification is incredibly misleading—capitalism exists because human beings have organically developed an elaborate system based on trust and collaboration that allows consumers, producers, distributors, financiers, and the rest of the players in the capitalist system to thrive. Paul Rubin, the world’s leading expert on cooperative capitalism, explains simply and powerfully how we should think about markets, economics, and business—making this book an indispensable tool for understanding and communicating the vast benefits the free market bestows upon societies and individuals.
Darwinian Politics
An examination of political behaviour from a modern evolutionary perspective. Paul H. Rubin discusses group or social behaviour, including: ethnic and racial conflict; altruism and co-operation; envy; political power; and the role of religion in politics.
Managing Business Transactions
Every day managers perform thousands of transactions without closely calculating their cost. Such costs can easily become a burden if left unmanaged. Using such examples as the decision over whether to manufacture inputs or contract them out, this book aims to show managers how to incorporate all costs into the decision-making process.
Congressman, Constituents, and Contributors
In a sense, this book might seem like a strange undertaking for two economists. The material seems to be much closer to political science than to economics; our topic is the determinants of congressional voting. Legislatures and roll call voting are traditionally in the domain of political science. This introduction is intended to explain why we have found this book worth writing. Today the economy functions in a regulated framework. Whether or not there ever was a "golden age" of laissez faire capitalism is an issue for historians; such an age does not now exist. One implication of the high degree of politicization of the modern economy is that one cannot any longer study economics divorced...
Tort Reform by Contract
The author argues that there is a current crisis in tort law and advocates that a return to a more widespread use of contracts in three areas - product liability, medical malpractice, and some aspects of automobile accidents. Such contracts, he suggests, should be allowed by the courts.
A Student’s Guide to Socialism
Whenever socialism has been tried, it has led to failure, and often, great human misery. Nonetheless, many young people prefer socialism to capitalism. There are dozens of books and articles explaining the failures of socialism, but these do not seem to have an impact on students. One reason for this may be that the books are written in abstract terms, and do not relate to the lives of the readers. This book takes a different approach. It asks the question, “What will my life be like if I live under socialism?” Professor Paul Rubin—a leading expert on socialism and capitalism—shows that under socialism: • People will be poorer • There will be less freedom • Goods will be of low...
The Fall and Rise of Freedom of Contract
Declared dead some twenty-five years ago, the idea of freedom of contract has enjoyed a remarkable intellectual revival. In The Fall and Rise of Freedom of Contract leading scholars in the fields of contract law and law-and-economics analyze the new interest in bargaining freedom. The 1970s was a decade of regulatory triumphalism in North America, marked by a surge in consumer, securities, and environmental regulation. Legal scholars predicted the “death of contract” and its replacement by regulation and reliance-based theories of liability. Instead, we have witnessed the reemergence of free bargaining norms. This revival can be attributed to the rise of law-and-economics, which laid bar...
The Economic Nature of the Firm
This book brings together classic writings on the economic nature and organization of firms, including works by Ronald Coase, Oliver Williamson, and Michael Jensen and William Meckling, as well as more recent contributions by Paul Milgrom, Bengt Holmstrom, John Roberts, Oliver Hart, Luigi Zingales, and others. Part I explores the general theme of the firm's nature and place in the market economy; Part II addresses the question of which transactions are integrated under a firm's roof and what limits the growth of firms; Part III examines employer-employee relations and the motivation of labor; and Part IV studies the firm's organization from the standpoint of financing and the relationship between owners and managers. The volume also includes a consolidated bibliography of sources cited by these authors and an introductory essay by the editors that surveys the new institutional economics of the firm and issues raised in the anthology.
Handbook of Child and Adolescent Aggression
"Aggressive behavior during childhood and adolescence is an important risk factor for later serious and persistent adjustment problems in adulthood, including criminal behavior, school dropout as well as family-related and economic problems. Researchers have thus deployed considerable efforts to uncover what drives individuals to attack and hurt others. Each chapter explores the issue of aggression with an introduction, theoretical considerations, measures and methods, research findings, implications, and future directions"--
American Health Care
President Clinton's health care reform proposals of 1993 represented the most far-reaching program of social engineering attempted in the United States since the passage of Medicare and Medicaid in 1965. Under the guise of reforming the health care system, the Clinton plan would have herded almost all Americans under age sixty-five into large, government-sponsored health insurance purchasing alliances that would have contracted with insurers to offer a standard set of benefits at regulated prices. The plan came under fire from both Republicans and Democrats, including moderates from both parties, but it soon became apparent that what doomed it was a public unwilling to trust government to ma...
