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Information at IDEAS / RePEc. James McGill Buchanan Jr. (/ bjuːˈkænən /; October 3, 1919 – January 9, 2013) was an American economist known for his work on public choice theory [ 1 ] originally outlined in his most famous work, The Calculus of Consent, co-authored with Gordon Tullock in 1962.
Self-licensing (also moral self-licensing, moral licensing, or licensing effect) is a term used in social psychology and marketing to describe the subconscious phenomenon whereby increased confidence and security in one's self-image or self-concept tends to make that individual worry less about the consequences of subsequent immoral behavior and, therefore, more likely to make immoral choices ...
Entitlement theory is a theory of distributive justice and private property created by Robert Nozick in chapters 7 and 8 of his book Anarchy, State, and Utopia. The theory is Nozick's attempt to describe "justice in holdings" (Nozick 1974:150)—or what can be said about and done with the property people own when viewed from a principle of justice.
Public choice, or public choice theory, is "the use of economic tools to deal with traditional problems of political science." [1] It includes the study of political behavior. In political science, it is the subset of positive political theory that studies self-interested agents (voters, politicians, bureaucrats) and their interactions, which ...
The capability approach (also referred to as the capabilities approach) is a normative approach to human welfare that concentrates on the actual capability of persons to achieve lives they value rather than solely having a right or freedom to do so. [ 1 ]
Social preferences describe the human tendency to not only care about one's own material payoff, but also the reference group's payoff or/and the intention that leads to the payoff. [ 1 ] Social preferences are studied extensively in behavioral and experimental economics and social psychology. Types of social preferences include altruism ...
Thorstein Bunde Veblen (July 30, 1857 – August 3, 1929) was an American economist and sociologist who, during his lifetime, emerged as a well-known critic of capitalism. In his best-known book, The Theory of the Leisure Class (1899), Veblen coined the concepts of conspicuous consumption and conspicuous leisure.
v. t. e. In Marxism, class consciousness is the set of beliefs that persons hold regarding their social class or economic rank in society, the structure of their class, and their common class interests. [ 1 ][ 2 ] According to Karl Marx, class consciousness is an awareness that is key to sparking a revolution which would "create a dictatorship ...