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THE AUTHOR CONSIDERS SUCH QUESTIONS AS: WHY IS THE SOCIAL SCIENTIFIC KNOWLEDGE OR COGNITIVE BASE LESS RESPECTED IN ITS SPHERE THAN ARE OTHER KNOWLEDGE BASES IN THEIRS? WHY IS THE COGNITIVE BASE OF MEDICINE OR ENGINEERING, FOR EXAMPLE, TAKEN MUCH MORE SERIOUSLY WHERE IT MATTERS THAN IS THAT WHICH THE SOCIAL SCIENCES HAVE PRODUCED IN RELATION TO THE SOCIO-SPHERE? WHAT PREVENTS SOCIAL SCIENTIFIC FINDINGS, EVEN WHEN REPEATEDLY CONFIRMED IN DIFFERENT SETTINGS AT DIFFERENT TIMES, FROM ATTAINING THAT STATUS OF WEIGHTY EXPERTISE THAT COMPARABLE FINDINGS OCCUPY IN OTHER FIELDS?

Critically assesses Roy Cordato's attempt (1992) to develop a theory of Austrian welfare & an alternative paradigm to neoclassical welfare theory by creating a general theory of welfare & efficiency that is divorced from perfect competition or any notion of general equilibrium. Cordato's assessment of Murray Rothbard's "Toward a Reconstruction of Utility and Welfare Economics" (1956), which offered both an alternative foundation for welfare theory & criticism of new welfare economics, is discussed. Cordato criticizes Rothbard for failing to include psychic utility loss in his free-market benchmark & for ignoring the problem of interpersonal utility. It is concluded that Cordato does not provide any solutions to the problems of neoclassical welfare economics. Adapted from the source document.

THIS PAPER DISCUSSES DIFFERENT INTERPRETATIONS OF THE THEORIES OF MICHEL FOUCAULT. THE INTERRELATIONSHIP BETWEEN KNOWLEDGE AND POWER IS EXPLORED. THE WORK OF OTHER INTERPRETERS OF FOUCAULT IS CITED AND ANALYZED.