Recently added articles from Journal of Private Enterprise:
Making room for business ethics: rights as metanorms for market and moral values.(Report)
Mar 22, 2009; ... A social system is a set of moral-political-economic principles embodied in a society's laws, institutions, and government, which determine the relationships, the terms of association, among the men living in a given geographical area ... Capitalism is a social system based on the ...
Retrieving business ethics from political philosophy.(Report)
Mar 22, 2009; ... I. Introduction My title commits me to convincing the reader of three propositions. First, business ethics as an object of university teaching and research has been captured by or is in the thrall of another academic discipline, normative political philosophy. Second, this is a ...
Business as an ethical standard.(Report)
Mar 22, 2009; ... I. Introduction "The problems of business today are, first and foremost, profoundly ethical and philosophical problems. They are questions about the very nature of the business enterprise ..." (Solomon, 1999, p. xxi) Business is an ethical standard. The thesis that ...
What business ethics can learn from entrepreneurship.(Report)
Mar 22, 2009; ... I. Three Character Types: Carly, Tonya, and Jane Entrepreneurship is increasingly studied as a fundamental and foundational economic phenomenon. Schumpeter (1950) and Kirzner (1978) were pioneers, and their successors have generated a sizeable literature. Yet entrepreneurship ...
The effect of state mandates on health insurance premiums.(Report)
Mar 22, 2009; ... I. Introduction State health insurance mandates require insurers to offer policy holders coverage for specified benefits, providers, or patient populations (Bunce, Wieske, and Prikazsky, 2004). Although some individuals may benefit from additional coverage, mandated benefits are ...
Spatially targeted government spending and heterogeneous constituent cost shares.(Report)
Mar 22, 2009; ... I. Introduction Political economists have long viewed fiscal policy in democracies as a common pool problem--a tragedy of the fiscal commons. Self-interested politicians seek to direct public resources from the common budgetary pool toward their constituents in order to enhance ...
Development and the political economy of foreign aid.(Report)
Mar 22, 2009; ... I. Introduction In a recent essay for the online magazine Cato Unbound, economist William Easterly (2006) described the failure of aid to the developing world in these terms: <Pre>This is the tragedy in which the West already spent $2.3trillion on foreign aid ...
The right of private judgment: Jonathan Mayhew's religious route to political individualism.(Report)
Mar 22, 2009; ... I. Introduction As Ayn Rand wrote, "There is only one power that determines the course of history, just as it determines the course of every individual life: the power of man's rational faculty--the power if ideas." (1967, p. 165) Many classical liberals believe that the ...
Insider trading: is there an economist in the room?(Report)
Mar 22, 2009; ... I. Introduction This paper investigates economists' opinions on insider trading. More particularly, it investigates the policy recommendations that economists give, with a special focus on whether insider trading should be regulated and whether the government should be the main ...
The production and proliferation of economists: the Austrian and Virginia schools as academic enterprises.(Report)
Mar 22, 2009; ... I. Introduction This essay is an exercise in the archeology of current economic thought. The Austrian and Virginia Schools of Economic Thought have long histories, and we examine the evolution of the two schools in the modern era. (1) We assume the schools of thought are ...
Is there a disconnect between teaching styles and learning styles in high school economics classes?(Educational Notes)(Report)
Mar 22, 2009; ... I. Introduction Different students learn best by different methods. For example, some may be auditory learners and benefit more than others from listening to lectures. Others may learn best by working in cooperative groups. Teachers also have preferences about the methods that ...
Teaching how private enterprise works using professional sports: a brief note on the case of individual NHL players' salaries.(National Hockey League)(Report)
Mar 22, 2009; ... I. Introduction In the free enterprise system, profit maximization for the firm involves a complex set of considerations. Some of these are rather easily obtained (for example, demographic information on one's potential customer base), whereas other considerations (such as the ...
The trade game.
Mar 22, 2009; ... The Trade Game (TG) is a classroom exercise that illustrates the concept of gains from trade. While most students have little difficulty with the notion that trade is mutually beneficial in some vague sense, the concrete notion that trade "creates value" is too abstract for many to grasp ....
Equality before the Law and its Role for Transition to Capitalism: Thoughts from Hayekian Epistemology and Social Theory
Oct 01, 2008; ... Abstract With respect to the work of Friedrich August von Hayek, this article points out the importance of the principle of equality of law for economic performance. The systematic place of equality before the law in Hayek's work is to be found in his differentiation between two ...
Corruption and Complex Business Rules
Oct 01, 2008; ... Abstract This research contributes to our understanding of the interaction between corruption and economic performance by examining the relationship between corruption and business regulations measured in terms of number of procedures, time, and costs that entrepreneurs incur to satisfy ...
Distilling the Concrete From the Abstract
Oct 01, 2008; ... Abstract This article addresses the question of how the implications of abstract principles and other intellectual concepts can be rendered more apparent to students in the classroom. People commonly express normative values without appreciating their individual and social consequences ....
The Treatment of the Role of Government in High School Economics Textbooks
Oct 01, 2008; ... Abstract The content and point of view of high school economics textbooks likely influences what is taught in high school economics classes. Using a set of recently published high school economics textbooks, we examine the manner in which each text treats the role of government. We ...
Remittances and Reputations in Hawala Money-Transfer Systems: Self-Enforcing Exchange on an International Scale
Oct 01, 2008; ... Abstract Migrant worker remittances often take place outside the scope of government enforcement. Through an examination of the informal remittance transfer system of hawala, this paper argues that self-enforcing exchange mechanisms can support high volume trade in the absence of formal ...
An Incentives-Based Approach to Implementing Financial Fitness for Life in the Milwaukee Public Schools
Oct 01, 2008; ... Abstract This paper reports on the research aimed at measuring the effect of financial incentives provided to teachers in implementing a financial and economic education curriculum in a large urban school district. The initiative involved paying teachers to attend a two-day training ...
Small Firm Size and Health Insurance: A Private Enterprise Perspective
Oct 01, 2008; ... Abstract This study has two objectives. First, it proffers and then empirically investigates what is being identified as the "small firm hypothesis," i.e., a hypothesis that the greater the percentage of firms in the U.S. that are "small," the greater the percentage of the population ...