Aristotle and Optimal Deterrence

Optimal Deterrence and Private International Cartels

and other participants for their constructive comments on this paper. Purdue University is committed to the policy that all persons shall have equal access to its programs and employment without regard to race, color, creed, religion, national origin, sex, age, marital status, disability, public assistance status, veteran status or sexual orientation. The focus of this paper is on international...

Optimal Deterrence and Accidents: To Fleming James, Jr

Optimal policy commitment: investment deterrence versus option value

The consistency and predictability of regulation is thought to be highly important for costly investment decisions. When the government lacks commitment power to maintain a promised policy, and firms are not perfectly competitive, investment levels are typically lower than when the government can commit. However, flexibility in policymaking is beneficial in that it allows for adjustment when co...

On Sen and Aristotle

In this paper I maintain that Amartya Sen’s Capability Approach (CA) implies a recuperation of practical science in Economics. Sen’s proposal has some problems closely related to this practical character: the heterogeneity and incommensurability of capabilities, its ambiguity concerning the use of the term “capability”, and the consequent lack of operative character of the CA. Sen recognizes th...

On Aristotle and Economics

In this paper I offer a synthesis of previous contributions on Aristotle’s economic thought. Aristotle dealt with the economic issues in his practical philosophy. He thus considered ‘the economic’ within an ethical and political frame. This vision is coherent with Aristotle’s specific ontological analysis of ‘the economic’. In this paper, I consider this ontology and the consequences of it for ...