Ontology.md

• (Ontological) Theories of the Economy
  • Reiss (2013) on Philosophy of Economics: Chapters 1, 2, 3, 12, 13, 14
  • Schumpeter (1942) on Capitalism (highly recommended, but not mandatory)
  • Dooley (2005) on Labor Theory of Value
  • Hayek (1945) on Libertarianism
  • Spicer (2005) on Hayek and Taxation

Hayek

• compare to foundationalist views
• examples for bad local knowledge (phone system)
• problems with the rules approach
• implications for taxation
• what kind of knowledge does Hayek mean/not mean?
• incentive problem of CBA

Value theory

• dsa story

Philosopy of Econ

• problem of intersubjective comparisons
• budget constraints
• vnM rationality!
• ideal observers
• consequentialism vs other norms
• flawed emotion: Kahnemann tversky
  • experienced vs. remembered vs. grow along vnm preferences