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Education, Economics and the Philosophy of Frédéric Bastiat

McGee, Robert W. - 2014

Frédéric Bastiat (1801-1850) was an economist and journalist. A member of the French Liberal School, he is best known for his free trade ideas and his philosophy of law. Mark Blaug ranks him as one of the 100 greatest economists before Keynes. Schumpeter called him a brilliant economic...

Persistent link: https://www.econbiz.de/10013054150

Keynes, Bastiat and the Multiplier

McGee, Robert W. - 2014

recession. It is an application of the Keynesian multiplier theory, which was expounded in Keynes' 1936 economic treatise, The … General Theory of Employment, Interest and Money. Post-1936 economic history has given the multiplier theory mixed reviews … economist and journalist. He discussed the multiplier theory in the 1840s, more than a generation before John Maynard Keynes …

Persistent link: https://www.econbiz.de/10013054153

Virginia Political Economy : A View from Vienna

Boettke, Peter J. - 2015

The task of the economist, from an Austrian perspective, is twofold: (1) to render economic phenomena intelligible in terms of purposive human action, and (2) to trace out the unintended consequences, both desirable and undesirable, of human actions. When analyzing political exchange, the...

Persistent link: https://www.econbiz.de/10013016069

Private Governance and the Pricing of Political Enterprises

Furton, Glenn - 2016

Austrian economists are perhaps most well-known for developing the theory of the market process — how producers and …

Persistent link: https://www.econbiz.de/10012985557

Debt Erosion and the Market Process

Salter, Alexander William - 2015

This paper explores the effects of debt erosion on the market process. Debt erosion is the attempt by government to lower the real value of its debt through the creation of unexpected inflation. In addition to the costs recognized by most economists, debt erosion through unexpected inflation can...

Persistent link: https://www.econbiz.de/10013035307

Robust Political Economy and the Question of Motivations

Wiśniewski, Jakub Bożydar - 2014

Boettke, Leeson and Subrick (Boettke and Leeson 2004; Leeson and Subrick 2006) describe institutional robustness as the ability of a given system of social organization to stand up to the test of the so-called “hard cases,” i.e., hypothetical scenarios under which the ideal assumptions...

Persistent link: https://www.econbiz.de/10014148738

Constitutionalism, Liberalism, and Political Entrepreneurship

Salter, Alexander William - 2020

political exchange. Using tools from market process economics, I outline a theory of the political-entrepreneurial process as … applied to constitutions. This theory can help us understand many aspects of real-world constitutional politics, such as the …

Persistent link: https://www.econbiz.de/10014107219

Evolutionary Approaches to Legal Change

Eckardt, Martina - 2006

co-evolution of law and technology and the impact of institutional competition on legal change are discussed …

Persistent link: https://www.econbiz.de/10014067289

Social Costs and the Institutions of Innovation Policy

Davidson, Sinclair - 2015

Innovation policy is normally evaluated from the welfare perspective of market failure, and therefore focuses on social benefits. This paper adapts the Djankov et al. (2003) model of comparative social costs associated with any institution to analyse the specific institutions of innovation...

Persistent link: https://www.econbiz.de/10013028074

Notes on the translation of F. A. Hayek's "Competition as a discovery procedure"

Snow, Marcellus Scowcroft - In: The quarterly journal of Austrian economics : the … 5 (2002) 3, pp. 7-8

Persistent link: https://www.econbiz.de/10001736994