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	<title>Intellectual Trespassing as a Way of Life &#187; Economic theory</title>
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	<link>http://www.blog.ellerman.org</link>
	<description>An interdisciplinary blog on the human sciences and current events</description>
	<lastBuildDate>Fri, 16 Dec 2011 15:19:52 +0000</lastBuildDate>
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		<title>Is Wall Street Capitalism really &#8220;The Model&#8221;?</title>
		<link>http://www.blog.ellerman.org/2011/12/is-wall-street-really-the-model/</link>
		<comments>http://www.blog.ellerman.org/2011/12/is-wall-street-really-the-model/#comments</comments>
		<pubDate>Thu, 15 Dec 2011 21:51:06 +0000</pubDate>
		<dc:creator>David Ellerman</dc:creator>
				<category><![CDATA[Current events]]></category>
		<category><![CDATA[Development aid]]></category>
		<category><![CDATA[Economic theory]]></category>
		<category><![CDATA[Legal theory]]></category>
		<category><![CDATA[Political economy]]></category>
		<category><![CDATA[absentee ownership]]></category>
		<category><![CDATA[Japanese-style firm]]></category>
		<category><![CDATA[Occupy Wall Street]]></category>
		<category><![CDATA[responsibility]]></category>
		<category><![CDATA[Wall-Steet Capitalism]]></category>

		<guid isPermaLink="false">http://www.blog.ellerman.org/?p=51</guid>
		<description><![CDATA[The continuing financial collapse of 2008, which caused trillions of dollars of damages to most everyone but the Wall Street elites, will perhaps lead to some hesitation in the reflex to evoke the Wall Street model—if not to some more fundamental rethinking of the issues. Perhaps the Occupy Wall Street movements around the world are the beginning of such a rethinking. In any case, our purpose here is such a rethinking by going back to some of the basic principles that are supposed to be exemplified in a market economy.]]></description>
		<wfw:commentRss>http://www.blog.ellerman.org/2011/12/is-wall-street-really-the-model/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Migration and Development Debate Redux</title>
		<link>http://www.blog.ellerman.org/2011/10/the-migration-and-development-debate-redux/</link>
		<comments>http://www.blog.ellerman.org/2011/10/the-migration-and-development-debate-redux/#comments</comments>
		<pubDate>Mon, 10 Oct 2011 18:37:19 +0000</pubDate>
		<dc:creator>David Ellerman</dc:creator>
				<category><![CDATA[Current events]]></category>
		<category><![CDATA[Development aid]]></category>
		<category><![CDATA[Economic theory]]></category>

		<guid isPermaLink="false">http://www.blog.ellerman.org/?p=45</guid>
		<description><![CDATA[The cooperative game analysis of the development efforts in a developing country sheds a different light on the well-meaning development experts (in advanced countries) who promote policies that will facilitate defections and thus will tend to break down the cooperative solution to a developing country's development efforts.]]></description>
		<wfw:commentRss>http://www.blog.ellerman.org/2011/10/the-migration-and-development-debate-redux/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Free Cities: What could be wrong with that?</title>
		<link>http://www.blog.ellerman.org/2011/10/free-cities-what-could-be-wrong-with-that/</link>
		<comments>http://www.blog.ellerman.org/2011/10/free-cities-what-could-be-wrong-with-that/#comments</comments>
		<pubDate>Sun, 02 Oct 2011 18:14:04 +0000</pubDate>
		<dc:creator>David Ellerman</dc:creator>
				<category><![CDATA[Current events]]></category>
		<category><![CDATA[Development aid]]></category>
		<category><![CDATA[Economic theory]]></category>
		<category><![CDATA[Intellectual history]]></category>
		<category><![CDATA[Legal theory]]></category>
		<category><![CDATA[Political economy]]></category>
		<category><![CDATA[Political theory]]></category>
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.blog.ellerman.org/?p=42</guid>
		<description><![CDATA[This post is an update of a previous post on The Charter Cities Debate and Democratic Theory. A new twist on Paul Romer&#8217;s idea of charter cities has come to my attention. It is promoted under the name of &#8220;free cities.&#8221; The home base seems to be the Free Cities Institute headquartered at the Francisco [...]]]></description>
		<wfw:commentRss>http://www.blog.ellerman.org/2011/10/free-cities-what-could-be-wrong-with-that/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Fukuyama and Dahrendorf on Hayek</title>
		<link>http://www.blog.ellerman.org/2011/05/fukuyama-and-dahrendorf-on-hayek/</link>
		<comments>http://www.blog.ellerman.org/2011/05/fukuyama-and-dahrendorf-on-hayek/#comments</comments>
		<pubDate>Mon, 09 May 2011 21:48:34 +0000</pubDate>
		<dc:creator>David Ellerman</dc:creator>
				<category><![CDATA[Current events]]></category>
		<category><![CDATA[Development aid]]></category>
		<category><![CDATA[Economic theory]]></category>
		<category><![CDATA[Political economy]]></category>

		<guid isPermaLink="false">http://www.blog.ellerman.org/?p=40</guid>
		<description><![CDATA[Frank Fukuyama's recent review of Hayek's Constitution of Liberty in the NYTimes has raised a ruckus in Hayekian circles. I review an older critique of Hayek by Ralf Dahrendorf and then lament the absence of the Hayekians in the great debate of the 1990s about socially engineering the transition from socialism to capitalism. Apparently the Hayekian strictures against utopian social engineering only applied to the transition in the opposite direction.]]></description>
		<wfw:commentRss>http://www.blog.ellerman.org/2011/05/fukuyama-and-dahrendorf-on-hayek/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>The Charter Cities Debate and Democratic Theory</title>
		<link>http://www.blog.ellerman.org/2011/02/the-charter-cities-debate-and-democratic-theory/</link>
		<comments>http://www.blog.ellerman.org/2011/02/the-charter-cities-debate-and-democratic-theory/#comments</comments>
		<pubDate>Sun, 06 Feb 2011 03:30:01 +0000</pubDate>
		<dc:creator>David Ellerman</dc:creator>
				<category><![CDATA[Current events]]></category>
		<category><![CDATA[Development aid]]></category>
		<category><![CDATA[Economic theory]]></category>
		<category><![CDATA[Political theory]]></category>
		<category><![CDATA[charter cities]]></category>
		<category><![CDATA[democratic theory]]></category>
		<category><![CDATA[Inalienable rights]]></category>
		<category><![CDATA[Patri Friedman]]></category>
		<category><![CDATA[Paul Romer]]></category>
		<category><![CDATA[seasteading]]></category>

		<guid isPermaLink="false">http://www.blog.ellerman.org/?p=36</guid>
		<description><![CDATA[The charter cities debate is great for helping to bring out these non-democratic aspects of classical liberalism and conventional economic theory not to mention right-wing libertarianism.]]></description>
		<wfw:commentRss>http://www.blog.ellerman.org/2011/02/the-charter-cities-debate-and-democratic-theory/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Are  the self-sale and self-rental contracts on the same moral footing?</title>
		<link>http://www.blog.ellerman.org/2010/03/are-the-self-sale-and-self-rental-contracts-on-the-same-moral-footing/</link>
		<comments>http://www.blog.ellerman.org/2010/03/are-the-self-sale-and-self-rental-contracts-on-the-same-moral-footing/#comments</comments>
		<pubDate>Mon, 01 Mar 2010 20:32:43 +0000</pubDate>
		<dc:creator>David Ellerman</dc:creator>
				<category><![CDATA[Economic theory]]></category>
		<category><![CDATA[Intellectual history]]></category>
		<category><![CDATA[Legal theory]]></category>
		<category><![CDATA[Political economy]]></category>
		<category><![CDATA[Political theory]]></category>
		<category><![CDATA[employment contract]]></category>
		<category><![CDATA[J. Philmore]]></category>
		<category><![CDATA[Murray Rothbard]]></category>
		<category><![CDATA[renting people]]></category>
		<category><![CDATA[specific performance]]></category>
		<category><![CDATA[voluntary slavery contracts]]></category>

		<guid isPermaLink="false">http://www.blog.ellerman.org/?p=14</guid>
		<description><![CDATA[Neverfox's comment to my last post, Why Was Slavery Wrong?, was so rich that I will reply by this new posting, rather than just a comment on the comment. ]]></description>
		<wfw:commentRss>http://www.blog.ellerman.org/2010/03/are-the-self-sale-and-self-rental-contracts-on-the-same-moral-footing/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>The fatal flaw in finance theory: Capitalizing &#8220;goodwill&#8221;</title>
		<link>http://www.blog.ellerman.org/2010/02/the-fatal-flaw-in-finance-theory-capitalizing-goodwill/</link>
		<comments>http://www.blog.ellerman.org/2010/02/the-fatal-flaw-in-finance-theory-capitalizing-goodwill/#comments</comments>
		<pubDate>Fri, 05 Feb 2010 18:02:45 +0000</pubDate>
		<dc:creator>David Ellerman</dc:creator>
				<category><![CDATA[Economic theory]]></category>
		<category><![CDATA[Fatal Flaws]]></category>
		<category><![CDATA[Political economy]]></category>
		<category><![CDATA[capital theory]]></category>
		<category><![CDATA[capitalized value]]></category>
		<category><![CDATA[finance theory]]></category>
		<category><![CDATA[goodwill]]></category>
		<category><![CDATA[Keynes]]></category>
		<category><![CDATA[Miller-Modigliani]]></category>
		<category><![CDATA[property rights]]></category>

		<guid isPermaLink="false">http://www.blog.ellerman.org/?p=9</guid>
		<description><![CDATA[The fatal flaw at the root of today's post is really what might be called "the fundamental myth" about the current property system, namely that the market-contractual role of being the residual claimant in a productive opportunity is treated as a "property right" that is currently owned by some legal party (e.g., the corporation having the contractual role) and that may be bought and sold as well as capitalized into the party's current valuation.]]></description>
		<wfw:commentRss>http://www.blog.ellerman.org/2010/02/the-fatal-flaw-in-finance-theory-capitalizing-goodwill/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Social Engineering vs. Pragmatism: Part I of Commentary on the Sarkozy-Stiglitz Commission</title>
		<link>http://www.blog.ellerman.org/2010/01/social-engineering-vs-pragmatism-part-i-of-commentary-on-the-sarkozy-stiglitz-commission/</link>
		<comments>http://www.blog.ellerman.org/2010/01/social-engineering-vs-pragmatism-part-i-of-commentary-on-the-sarkozy-stiglitz-commission/#comments</comments>
		<pubDate>Mon, 01 Feb 2010 00:04:47 +0000</pubDate>
		<dc:creator>David Ellerman</dc:creator>
				<category><![CDATA[Current events]]></category>
		<category><![CDATA[Development aid]]></category>
		<category><![CDATA[Economic theory]]></category>
		<category><![CDATA[Political economy]]></category>
		<category><![CDATA[cost-benefit analysis]]></category>
		<category><![CDATA[John Dewey]]></category>
		<category><![CDATA[Joseph Stiglitz]]></category>
		<category><![CDATA[pragmatism]]></category>
		<category><![CDATA[Sarkozy Commission]]></category>
		<category><![CDATA[social engineering]]></category>
		<category><![CDATA[social indices]]></category>

		<guid isPermaLink="false">http://www.blog.ellerman.org/?p=7</guid>
		<description><![CDATA[The point of this Part I commentary on the Sarkozy-Stiglitz Commission is to juxtapose the social engineering perspective implied in the whole exercise of trying to find a better index of  "economic performance and social progress" to a more pragmatic perspective.]]></description>
		<wfw:commentRss>http://www.blog.ellerman.org/2010/01/social-engineering-vs-pragmatism-part-i-of-commentary-on-the-sarkozy-stiglitz-commission/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Fatal Flaw in Cost-Benefit Analysis</title>
		<link>http://www.blog.ellerman.org/2010/01/the-fatal-flaw-in-cost-benefit-analysis/</link>
		<comments>http://www.blog.ellerman.org/2010/01/the-fatal-flaw-in-cost-benefit-analysis/#comments</comments>
		<pubDate>Sun, 31 Jan 2010 23:42:51 +0000</pubDate>
		<dc:creator>David Ellerman</dc:creator>
				<category><![CDATA[Current events]]></category>
		<category><![CDATA[Economic theory]]></category>
		<category><![CDATA[Fatal Flaws]]></category>
		<category><![CDATA[Political economy]]></category>
		<category><![CDATA[cost-benefit analysis]]></category>
		<category><![CDATA[Kaldor-Hicks efficiency]]></category>
		<category><![CDATA[numeraire illusion]]></category>
		<category><![CDATA[Pareto efficiency]]></category>
		<category><![CDATA[Sarkozy Commission]]></category>

		<guid isPermaLink="false">http://www.blog.ellerman.org/?p=6</guid>
		<description><![CDATA[In Part I of this commentary on the Sarkozy-Stiglitz Commission on the Measurement of Economic Performance and Social Progress, the focus was on the social engineering perspective underlying the search for such an index. But at the end of that commentary, I noted that the Commission&#8217;s discussion of different indices was rather &#8220;academic&#8221; since there [...]]]></description>
		<wfw:commentRss>http://www.blog.ellerman.org/2010/01/the-fatal-flaw-in-cost-benefit-analysis/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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