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Private property rights, dynamic efficiency and economic development : an Austrian reply to neo-marxist scholars Nieto and Mateo on cyber-communism and market process

Wang, William Hongsong; Espinosa, Victor I.; Peña … - In: Economies : open access journal 9 (2021) 4, pp. 1-17

Austrian theory of dynamic efficiency are consistent to enhance economic development. Their argument focuses on two issues: (a …) the existence of circular reasoning in the Austrian theory of dynamic efficiency, and (b) dynamic efficiency and full …-communist criteria, the Austrian theory of dynamic efficiency argues that to impede private property rights is to remove the most …

Persistent link: https://www.econbiz.de/10012799853

Carl menger on economic policy : "Exact laws", institutional prerequisites, and economic liberalism

Ebeling, Richard M. - In: The review of Austrian economics 36 (2023) 2, pp. 331-355

Persistent link: https://www.econbiz.de/10014282746

A brief note concerning Hayek's non-standard conception of knowledge

Scheall, Scott - 2018

Whatever F.A. Hayek meant by "knowledge" could not have been the justified true belief conception common in the Western intellectual tradition from at least the time of Plato onward. In this brief note, I aim to uncover and succinctly state Hayek's unique definition of knowledge.

Persistent link: https://www.econbiz.de/10011950203

Austrian economics, market process, and the EVA® framework

Cachanosky, Nicolás - In: Journal of business valuation and economic loss analysis 12 (2017) 1, pp. 1-9

Persistent link: https://www.econbiz.de/10011758862

Austrian Economics, Market Process, and the EVA(R) Framework

Cachanosky, Nicolas - 2018

In this paper I present a financial framework, known as Economic Value Added or EVA®, used to value firms and apply it to topics highlighted in the Austrian literature. In particular I contrast the market process emphasize in the Austrian literature with the neoclassical firm profit...

Persistent link: https://www.econbiz.de/10012935968

Markets as Processes of Moral Discovery

Powell, Benjamin - 2018

entrepreneurship in the Austrian school of economics. Both provide insights into the institutional conditions in which practical reason … and entrepreneurship are linked and flourish as discovery processes …

Persistent link: https://www.econbiz.de/10012938098

The Morality of the Market Process and the Normative Implications of Catallactic Competition

Candela, Rosolino - 2019

Do markets make the conditions for moral action possible? To answer to this question, I will develop the normative implications of competition in the market process. As a value-free science, positive economics illustrates the economic consequences of different forms of competitive behavior for...

Persistent link: https://www.econbiz.de/10012863329

Understanding Market Processes : An Austrian View of 'Knowing'

Boettke, Peter J. - 2010

This paper argues that the approach to economics that is characteristic of Austrian economists emerged out of the interaction of continental thought and classical economics. This approach begins with reflection upon the purposive action of living men, and views the market as an ongoing process...

Persistent link: https://www.econbiz.de/10014199466

F.A. Hayek and the economic calculus

Caldwell, Bruce - 2015

because it never led to any published work. Finally, the paper examines Hayek's attempt to articulate a theory of the market … Virginia. He never developed a full‐fledged formal theory, but his failed efforts still bore fruit in leading him to his … contributions on spontaneous orders and the (verbal) theory of complex phenomena. This work anticipated contributions by others who …

Persistent link: https://www.econbiz.de/10011602560

Economic organization and the tradeoffs between productive and destructive entrepreneurship

Foss, Kirsten; Foss, Nicolai J. - 2000

Persistent link: https://www.econbiz.de/10001518807

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