Peter Leeson’s study of “The Hidden Economics of Pirates”, The Invisible Hook, is theoretically correct, thoroughly grounded in historical research and fun to read. From the jacket: Pack your cutlass and blunderbuss–it’s time to go a-pirating! The Invisible Hook takes readers inside the wily world of late seventeenth- and early eighteenth-century […]
Read MoreProfessor Ha Joon Chang has become something of a hero to those who champion heterodox economic theory and who rail against the supposed intellectual hegemony of ‘neo-liberalism’. In a number of books such as Kicking Away the Ladder Chang sets out to overturn the alleged orthodoxies of mainstream economics by […]
Read MoreLast week, I chaired what turned out to be a passionate, courageous and grounded debate between three intellectuals from each point of the political triangle: conservative, classical liberal and social democrat. Dr Mark Pennington set out the inescapable reality of imperfect knowledge and incomplete rationality in human actors in defence […]
Read MoreVia Robust Political Economy and Realistic Idealism « Pileus: What criterion should we use to evaluate political theories and the institutions they advocate? In my book Robust Political Economy, I argue that it is the criterion of ‘robustness’. Institutions that meet this criterion are those best placed to cope with fundamental […]
Read MoreI spoke last night in the European Union (Amendment) Act debate: Steve Baker (Wycombe) (Con): First, I wish to associate myself with the remarks of my hon. Friend the Member for Harwich and North Essex (Mr Jenkin). Too often when addressing questions such as the one under discussion we get bogged […]
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