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focus. It emerged from the influences mainly from the criticism of theory of economic policy, political business cycle … research, public choice theory and new institutional economics. Due to its ample nature, different economists have different …
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We develop a critique of government interventionism based on the Misesian calculation argument against socialism. If private property rights and relative prices based on supply and demand are necessary for successful economic coordination, then conventional market failure theories cannot be...
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find answers to the problems in the current economic theory. The basic links are defined by using a simple graphic model …
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