Featured | Democratic Firms
COVID-19 Aid to Promote Employee Ownership
The premise of this paper is that state aid to distressed companies should benefit not only the current owners but also the employees, who are the ones taking personal risks to continue or restart companies.
Reclaiming Democratic Classical Liberalism
The argument shows that the classical liberal endorsement of sovereign individuals acting in the marketplace generalizes to the joint action of individuals as the principals in their own organizations and associations.
Featured | Development
Comments on Universal Basic Income
This is a draft paper called “UBI: A Bad Idea Whose Time has Come?”. The income supplements supplied due to the coronavirus pandemic have put the UBI back on the policy agenda, so it is appropriate to re-examine the idea. Click here to download the draft paper.
Worker Ownership and the Current Crisis
There are so many crises these days (coronavirus, global warming) that this paper seems already out of date since we are referring to the crisis caused by the neoliberal post-socialist transition policies in East Europe and elsewhere in the post-socialist world.
Featured | Property Theory
Conceptual Errors in the Arrow-Debreu Model
The highly mathematical nature of the Arrow-Debreu and other similar models of general equilibrium hide rather than elucidate the nature of equilibrium in a private property market economy where all factors of production may be purchased or rented.
Fallacies of Corporate Analysis
Our goal is to analyze a miscellany of fallacies concerning the Citizens United case, corporate personhood, the stakeholder theory, the affected interests principle, and finally ending with the deeper fallacies concerning the rights of capital that are embedded in the conventional economic theories of capital and corporate finance.
Featured | Quantum Mechanics
Probability Theory with Superposition Events
In finite probability theory, events are subsets S⊆U of the outcome set. Subsets can be represented by 1-dimensional column vectors. By extending the representation of events to two dimensional matrices, we can introduce “superposition events.”
New Light on the Objective Indefiniteness or Literal Interpretation of QM
This paper shows how the mathematics of QM is the math of indefiniteness and thus, literally and realistically interpreted, it describes an objectively indefinite reality at the quantum level. In particular, the mathematics of wave propagation is shown to also be the math of the evolution of indefinite states that does not change the degree of indistinctness between states. This corrects the historical wrong turn of seeing QM as “wave mechanics” rather than the mechanics of particles with indefinite/definite properties.
Featured | Mathematics
How Category Theory Works
The purpose of this paper is to show that the dual notions of elements & distinctions are the basic analytical concepts needed to unpack and analyze morphisms, duality, and universal constructions in the Sets, the category of sets and functions.
Negation and Implication in Partition Logic
Our purpose in this paper is to explore the notions of negation and implication in that other mathematical logic of partitions.
