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Knight’s Risk, Uncertainty, and Profit is, by the author’s own account, “a study in ‘pure theory’.” From pure theory, the scientific method’s “successive approximations” explain empirical phenomena. But Knight did not fully develop the boundary conditions for theory. In this chapter, the author elucidates the demarcation of pure theory in Risk, Uncertainty and Profit. For comparison and contrast, the author uses Mises’s Austrian aprioristic methodology praxeology and its strict distinction between theory and thymology. The author finds that Knight and Mises largely agree on the nature and importance of pure theory but differ on its meaning and use. The author’s findings suggest that Knight, while arguing for aprioristic pure theory, still places empirical observation first.

After briefly reviewing the past history of Bayesian econometrics and Alan Greenspan's (2004) recent description of his use of Bayesian methods in managing policy-making risk, some of the issues and needs that he mentions are discussed and linked to past and present Bayesian econometric research. Then a review of some recent Bayesian econometric research and needs is presented. Finally, some thoughts are presented that relate to the future of Bayesian econometrics.

Theorists often point to social theory's normativity, but Gouldner's later works provide the most explicit, comprehensive treatment of it as post-traditional normative discourse – a practice distinct from sociology and sociological theory, yet linked historically and analytically to them. His argument about the need for a discourse space to debate social science's normative directions and to strengthen its connections to civil society is relevant today. Because Gouldner's approach has gaps and is somewhat fragmented I will reconstruct his argument about social theory per se. Although I point to problems that derive from his incomplete pragmatic turn, his approach offers an excellent departure point for discussing the meaning of social theory.

C. Herman Pritchett saw politics in law without losing the sense that law was not simply politics. This synthesis from the 1940s was lost in the last half of the 20th century and it deserves to be brought back. While denial that politics matters is a staple of Supreme Court confirmation hearings, this position is no longer credible. In constitutional law in particular, politics has pushed law aside in the minds of scholars, journalists, and many Americans. This makes it hard to find a place for law in the study of the Supreme Court. This chapter advocates a return to the balance that was in place over 50 years ago when we were first taught that Supreme Court decisions were political.

The migration of thousands of people who, every year escape conflict, repression and poor economic stability in their home country, attempt the treacherous journey across the Mediterranean Sea to reach Europe. While some do make it, questions are being posed on the effectivity of the European Union to deal with migration and explore ways of integrating migrants into society, in particular through education. The need to address the educational development of migrant learners’ calls for contextualized school leadership processes aimed at spurring teachers to hone the cultural capital brought by migrant learners in their classrooms. The authors argue in favour of culturally responsive leadership processes which (1) endorse schools as influential on society and community development, (2) detach from a ‘one-size-fits-all philosophy’ of leadership, (3) believe in the cultural capital of migrant students, (4) embrace changes in leadership styles brought about by different cultural philosophies, (5) successfully transmit to teachers that learning cannot be placed in a monocultural context and (6) advocate towards the employment of teachers whose culture reflects the cultural composition of students in their school. This chapter aims to explore what Malta, a small island state, is doing to address this mammoth task in a context fraught with uncertainty and anxiety.