The concept of path dependence refers to a property of contingent, non-reversible dynamical processes, including a wide array of biological and social processes that can properly be described as ‘evolutionary’. To dispel existing confusions in the literature, and clarify the meaning and significance of path dependence for economists, the paper formulates definitions that relate the phenomenon t...

Transhumanism is a social, technological, political, and philosophical movement that advocates the transformation of human nature by means of pharmacology, genetic manipulation, cybernetic modification, nanotechnology, and a host of other technologies. The aim of this movement is to increase physical and sensory abilities, augment intelligence and memory, and extend lifespan. After providing so...

A generation ago, the efŽ cient market hypothesis was widely accepted by academic Ž nancial economists; for example, see Eugene Fama’s (1970) in uential survey article, “EfŽ cient Capital Markets.” It was generally believed that securities markets were extremely efŽ cient in re ecting information about individual stocks and about the stock market as a whole. The accepted view was that when in...

In his forthcoming article, Originalism: Standard and Procedure, Stephen Sachs describes an unending debate between advocates of originalism their critics. Originalists argue that certain historic facts play a role in determining the meaning constitutional provisions. Critics respond making determinations about these is difficult, if not impossible for judges, attorneys, general public. seeks t...

This paper considers John Dewey’s dual reformist-preservationist agenda for education in the context of current debates about the role of experience in management learning. The paper argues for preserving experience-based approaches to management learning by revising the concept of experience to more clearly account for the relationship between personal and social (i.e. , tacit/explicit) knowle...