mechanism of Hume oor Frans
mechanism of Hume
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mécanisme de Hume
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Believing Hume did not believe in the invisible bouncy balls or atoms of Robert Boyle's mechanical philosophy.
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The concept of "natural law" reached its zenith in the 17th and 18th centuries; since then, the concept has largely been discredited in the theory of jurisprudence, with a number of other views of law emerging. back 8 Ibid., supra, note 22 at xxiii. back 9 Ibid., at xxiv-xxv. back 10 Ibid., at xlii-xliii If the theories of Locke or Hume are assumed, duties are owed that transcend simple contract in a manner highlighting the duty to govern according to social welfare considerations and not simply ordering on the basis of tastes through the market mechanism. back 11 Ibid., at xliii. back 12 These and other puzzles are summarized by Maurice Obstfeld and Kenneth Rogoff, "The Six Major Puzzles in International Macroeconomics:
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There are several formalizations of this system, but the most famous is developed by David Hume known as the flow-price mechanism.
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