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Full-Text Articles in Social and Behavioral Sciences
Adam Smith On The Virtues: A Partial Resolution Of The Adam Smith Problem, Spencer J. Pack
Adam Smith On The Virtues: A Partial Resolution Of The Adam Smith Problem, Spencer J. Pack
Economics Faculty Publications
Adam Smith's definition of justice as a moral virtue based on the "passion" of resentment in 'The Theory of Moral Sentiments' (1759), despite seeming contradictions, supports his analysis of an acquisitive, commercial society in 'The Wealth of Nations' (1774) partly by precluding the concept of a just price.
Gatt, Dispute Settlement And Cooperation: A Reply, Dan Kovenock, Marie Thursby
Gatt, Dispute Settlement And Cooperation: A Reply, Dan Kovenock, Marie Thursby
Economics Faculty Articles and Research
In our 1992 paper, we analyzed GATT and its dispute settlement procedure (DSP) in the context of a supergame model of international trade featuring both explicit (GATT) and implicit (non-GATT) agreements. Our paper departed from the previous economics literature on GATT enforcement (see, for instance Hungerford (1991) and Ludema (1990)) by incorporating the ``twin engines of international obligation and retaliation'' (Hudec, 1990). International obligation imposed a cost of violating an explicit international agreement, such as GATT, while retaliation could take place either within the rules stipulated by the international agreement or by punishment outside of the agreement. In Section 2 …
Dividends, Noncontractibility, And Corporate Law, William W. Bratton
Dividends, Noncontractibility, And Corporate Law, William W. Bratton
All Faculty Scholarship
No abstract provided.