We apply the EVA terminology to the concepts of roundaboutness and average period of production in capital theory. By doing this we show that these terms have a clear and well understood financial interpretation. A financial application to capital theory helps to clarify obscure and...

El presente trabajo discute la relación entre derechos básicos (libertad y propiedad privada) como institución espontánea fundamental para definir un legítimo rol del estado en la sociedad libre. Las características y espontaneidad de los derechos básicos podrían presentar una...

What do we mean when we say action is possible in disequilibrium? If we adopt Hayek's approach to equilibrium, we must mean that we can act in a world where the plans that motivate and define those actions are not mutually compatible. This is hardly controversial. After all, the market process...