VOLUME 4(2) • 2005
MACROECONOMIC POLICIES IN INDUSTRIALIZED COUNTRIES
ABSTRACT. Menger develops a table showing assumed cardinal values for the declining marginal utilities of ten economic goods as envisioned by some economic man. Montiel argues that while macroeconomic policies in Indus- trialized countries often relate to business cycle developments, policy makers i..
MONETARY POLICY AND THE VALUE OF MONEY
ABSTRACT. Garrison demonstrates the relevance of capital-based macro-economics beyond its application to the business cycle by discussing a variety of fiscal and regulatory issues. The marginal-productivity theory of factor pricing implies that the price of any factor is determined by the marginal v..
MONETARY POLICY AS A PROCESS OF SEARCH
ABSTRACT. Reisman demonstrates how the negative effects of multiple controls feed into one another and multiply the chaos. Schumpeter sunders capital completely from its embodiment in capital goods, and limits the concept to only a money fund used to purchase those goods. Von Mises argues that only ..
THE FUNCTIONING OF MONEY AND THE MONEY ECONOMIC SYSTEM
ABSTRACT. Real money is a function of nominal money, and the effect of changing prices on the nominal budget of the individual financier/consumer is knowable only by the individual. Salvary argues that nominal money prices, specific price changes, and rates of return on nominal money guide the outpu..
RUSSELL ON REFERRING
ABSTRACT. Russell writes that genuine proper names would refer to something without ascribing any properties to it. Whatever the standards of coherence may be, it seems likely that alternative sets of propositions will meet them. The type of expression that comes closest to performing the function o..
RAWLSIAN PLURALISM, SOCIAL JUSTICE AND INDIVIDUAL ETHICS
ABSTRACT. In Political Liberalism, Rawls says that all modern societies show continuing differences about basic matters of value and the ultimate meaning of life. Liberal states are to exhibit due respect towards decent non-liberal societies by viewing them as authentic sources of the law of peoples..
ARE WORKS OF MUSIC TYPES OF PERFORMANCE OR ARE THEY CONTINUANTS?
ABSTRACT. Lerdahl develops the idea that relationships between chords and between pitch-classes may be represented by the concept of distance. Goehr argues that regulative concepts differ from constitutive ones: the latter constitute the fabric of a practice; they provide the rules of the game. Elli..
'JUSTICE AS FAIRNESS', A THEORY OF TOLERATION
ABSTRACT. In Political Liberalism, Rawls argues that justice as fairness should not be seen as uniquely grounded in a particular comprehensive conception of right. Rawls's political constructivism can be better understood in the very terms of its critical account of the foundations of a theory of ju..
THE PECULIARITY OF RAWLS' CONTRACTUAL PROCEDURE
ABSTRACT. Rawls claims that we should take societies' existence as given, a fact of life for each individual. The original position is constructed such that it restricts the possible range of choices the parties in it can make in a way that models certain fairness conditions. The Rawls of Political ..
LIBERAL EQUALITY AND DISTRIBUTIVE JUSTICE
ABSTRACT. Rawls embraces two views of justice, a general conception that is supposed to be valid at all times, and a special conception that is valid under modern social conditions. According to Dworkin, law is not to be understood as trying to communicate anything at all; a subject considering his ..
THE VALUES AND AIMS OF MUSIC EDUCATION
ABSTRACT. Adorno argues that in authentic art affirmation becomes the cipher of despair and the purest negativity of content contains a grain of affirmation. Schulz writes that expressive performance consists in the complete representation of the character and expression of the work. A refrain in a ..
TAKING RIGHTS SERIOUSLY AND THE DUTIES OF JUSTICE
ABSTRACT. Hart claims that while sanctions might mark circumstances in which people are obliged to conform, they have an obligation only when subject to a practiced social rule requiring an act or omission. Rawls states that as economic systems develop and basic material needs are met, beyond this p..