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On the Problem of the Island of Earth: Introducing a Universal Theory of Value in an Open Letter to The President of the United States

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  • Funk, Matt

Abstract

This paper introduces a unified theory of value.

Suggested Citation

  • Funk, Matt, 2008. "On the Problem of the Island of Earth: Introducing a Universal Theory of Value in an Open Letter to The President of the United States," MPRA Paper 14489, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:14489
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    File URL: https://mpra.ub.uni-muenchen.de/14489/1/MPRA_paper_14489.pdf
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    References listed on IDEAS

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    7. Ernst Fehr & Klaus M. Schmidt, 1999. "A Theory of Fairness, Competition, and Cooperation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(3), pages 817-868.
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    9. Robert J. Aumann, 2007. "War and Peace," Chapters, in: Jean-Philippe Touffut (ed.), Augustin Cournot: Modelling Economics, chapter 5, Edward Elgar Publishing.
    10. Costanza, Robert & d'Arge, Ralph & de Groot, Rudolf & Farber, Stephen & Grasso, Monica & Hannon, Bruce & Limburg, Karin & Naeem, Shahid & O'Neill, Robert V. & Paruelo, Jose, 1998. "The value of the world's ecosystem services and natural capital," Ecological Economics, Elsevier, vol. 25(1), pages 3-15, April.
    11. Baumgartner, Stefan & Becker, Christian & Faber, Malte & Manstetten, Reiner, 2006. "Relative and absolute scarcity of nature. Assessing the roles of economics and ecology for biodiversity conservation," Ecological Economics, Elsevier, vol. 59(4), pages 487-498, October.
    12. Robert Engle, 2004. "Risk and Volatility: Econometric Models and Financial Practice," American Economic Review, American Economic Association, vol. 94(3), pages 405-420, June.
    13. Scott Beaulier & Bryan Caplan, 2007. "Behavioral Economics and Perverse Effects of the Welfare State," Kyklos, Wiley Blackwell, vol. 60(4), pages 485-507, November.
    14. Ernst Fehr & Simon Gächter, 2000. "Fairness and Retaliation," International Economic Association Series, in: L.-A. Gérard-Varet & S.-C. Kolm & J. Mercier Ythier (ed.), The Economics of Reciprocity, Giving and Altruism, chapter 7, pages 153-173, Palgrave Macmillan.
    15. Crusol, Jean & Crusol, Louis, 1980. "A programme for agriculture in island plantation economies," World Development, Elsevier, vol. 8(12), pages 1027-1033, December.
    16. Ernst Fehr & Urs Fischbacher, "undated". "Third Party Punishment and Social Norms," IEW - Working Papers 106, Institute for Empirical Research in Economics - University of Zurich.
    17. Aoki, Kenichi, 2004. "Altruism may be sexy: Comment on cultural group selection, coevolutionary processes and large-scale cooperation," Journal of Economic Behavior & Organization, Elsevier, vol. 53(1), pages 37-40, January.
    18. Frey, Bruno S. & Bohnet, Iris, 1997. "Identification in democratic society," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 26(1), pages 25-38.
    19. Funk, Matt, 2008. "On the Problem of Sustainable Economic Development: A Theoretical Solution to this Prisoner's Dilemma," MPRA Paper 19025, University Library of Munich, Germany, revised 08 Jun 2008.
    20. Faber, Malte & Proops, John L. R., 1993. "Natural resource rents, economic dynamics and structural change: a capital theoretic approach," Ecological Economics, Elsevier, vol. 8(1), pages 17-44, August.
    21. Ernst Fehr & Urs Fischbacher, 2004. "Social norms and human cooperation," Macroeconomics 0409026, University Library of Munich, Germany.
    22. Faber, Malte & Manstetten, Reiner & Proops, John L. R., 1995. "On the conceptual foundations of ecological economics: A teleological approach," Ecological Economics, Elsevier, vol. 12(1), pages 41-54, January.
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    Cited by:

    1. Funk, Matt, 2008. "On the Problem of Vague Terms: A Glossary of Clearly Stated Assumptions & Careful, Patient, Descriptions," MPRA Paper 14505, University Library of Munich, Germany.

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    More about this item

    Keywords

    theory of value; evolutionary stable solution; economic power; military power; national security; global threat mitigation; extinction; human evolution; ideological environmentalism; the problem of induction; karl popper; F.A. von Hayek; austrian economics;
    All these keywords.

    JEL classification:

    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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