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An 'Austrian' Economist Perspective on Transitional Political Economy

Boettke, Peter J. - 2010

Persistent link: https://www.econbiz.de/10013136606

1985 : A Defining Year in the History of Modern Austrian Economics

Boettke, Peter J. - 2015

Mises and Hayek in the 1920s and 1940s thought of their work as within the orthodoxy of economic science. But after … WWII it became increasingly obvious that the contributions of Mises and Hayek were out of step with the way the economics … bolstered by the awarding of the Nobel Prize in Economic Science to FA Hayek, a resurgence of interest in Austrian economics by …

Persistent link: https://www.econbiz.de/10013010731

János Kornai, the Austrians, and the Political and Economic Analysis of Socialism

Boettke, Peter J.; Candela, Rosolino - 2021

What is the relationship between central planning, pervasive shortages, and soft budget constraints under socialism? In this paper, we address this question by exploring the evolution of János Kornai’s work on the operation of real-world socialism. In doing so, our goal is to reframe...

Persistent link: https://www.econbiz.de/10013251644

An ‘Austrian’ Economist's Perspective on Transitional Political Economy

Boettke, Peter J. - 2010

In 1989, most economists thought the problem of transition was one of allowing prices to float to market clearing levels. After all one of the most observable problems throughout the former socialist economies was the existence of pervasive shortages. Indeed prices did need to be freed up. But...

Persistent link: https://www.econbiz.de/10014198921

Is an Independent Nonprofit Sector Prone to Failure? An Austrian School Analysis of the Salamon Paradigm and the Lohmann Challenge

Prychitko, David L; Boettke, Peter J. - 2010

Nonprofit organizations have traditionally been considered a meaningful substitute for the services provided by the bureaucratic welfare state (Berger, Neuhaus, and Novak, 1996), a vibrant but largely overlooked “independent sector” characterized by a spontaneous ordering of associations...

Persistent link: https://www.econbiz.de/10014198922

Swedish Influences, Austrian Advances : The Contributions of the Swedish and Austrian Schools to Market Process Theory

Coyne, Christopher J.; Boettke, Peter J. - 2010

Market process theory has its origins in the attempt to gain a richer understanding of how the invisible hand operates in coordinating the vast array of economic exchanges that occur on a daily basis. This is in stark contrast to general equilibrium theory, which seeks a price vector that allows...

Persistent link: https://www.econbiz.de/10014198933