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Theologian John Courtney Murray was the primary motivator behind the Vatican II document, The Declaration on Religious Liberty. Murray and that document held that man had an inherent dignity that does not allow coercion in religious belief by public or private groups or institutions. Only...
Persistent link: https://www.econbiz.de/10014056883
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
Harding administration's fiscal policy. They also engage a caricatured version of Keynesian theory and policy, which ignores …
Persistent link: https://www.econbiz.de/10013144724
's book Theory and History possesses considerable untapped potential in this regard. The Preface's merits as an introductory …
Persistent link: https://www.econbiz.de/10012828656
Persistent link: https://www.econbiz.de/10014199438
This paper addresses the question of whether the Austrian theory of interventionism helps us understand what growth … economists call decelerations or slowdowns. It is proposed that the theory of stagnation based on non-productive entrepreneurship … (Coyne, Sobel and Dove 2010) complements the theory of interventionism, and when they are combined, a theory of slowdowns is …
Persistent link: https://www.econbiz.de/10014163136
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/10014090581
Progressive Era with the goal of identifying how this literature is informed by Austrian economic theory, and how Austrian theory … because Austrian theory overlaps with public choice theory, the analytical toolkit used by most studies of the rise of … regulation. However, the normative implications of Austrian theory regarding the efficiency consequences of regulation are not …
Persistent link: https://www.econbiz.de/10015051914
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 profession was evolving. But starting in 1974, due to the...
Persistent link: https://www.econbiz.de/10013010731
The authors use the revival of the Austrian tradition to contrast market process theory with end-state, or equilibrium …
Persistent link: https://www.econbiz.de/10014199471