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Using the arguments of Ludwig von Mises and Friedrich August von Hayek, I argue that private ownership solves the problem of corruption. Because private ownership discourages entrepreneurs from rent-seeking and because privately owned media provide quality information to citizens, the legal...
Persistent link: https://www.econbiz.de/10013132615
Persistent link: https://www.econbiz.de/10013136606
Using the arguments of Ludwig von Mises and Friedrich August von Hayek, I argue that private ownership solves the economic problem of corruption. Since private ownership discourages entrepreneurs from rent-seeking, and privately owned media provide objective and unbiased information to citizens,...
Persistent link: https://www.econbiz.de/10013087752
Using the arguments of Ludwig von Mises and Friedrich August von Hayek, I argue that private ownership solves the economic problem of corruption. Since private ownership discourages entrepreneurs from rent-seeking, and privately owned media provide objective and unbiased information to citizens,...
Persistent link: https://www.econbiz.de/10013064653
aspects of capital theory undergirding Austrian Business Cycle theory. Other criticisms of Austrian Business Cycle Theory from … capital as an argument is not sufficient for rigorous capital theory. Hayekian triangles are arguably not a good tool for … investigating capital theory …
Persistent link: https://www.econbiz.de/10012725403
aspects of capital theory undergirding Austrian Business Cycle theory. Quotations from the Austrian school economist Ludwig …
Persistent link: https://www.econbiz.de/10012731609
This paper is an attempt to systematize the methodological insights and contributions of the Austrian School of Economics and present them in their most up-to-date elaboration, thereby building on the earlier literature on the subject. It aims to improve on the publications listed above in two...
Persistent link: https://www.econbiz.de/10013023703
Frank Knight’s theory of monopoly price has received relatively little attention in the literature on Risk, Uncertainty … and Profit. We argue that Knight accepted and refined the monopoly price theory of Carl Menger and his followers. Knight … price theory that seriously engages the study of institutions; and it adds new evidence and nuance to ongoing debates about …
Persistent link: https://www.econbiz.de/10013223214
In studying the development of western freedoms, perhaps no subject is more worthy of discussion than classical liberalism, which the late historian Ralph Raico wrote was “the signature political philosophy of Western Civilization.” Raico defined classical liberalism as “the ideology...
Persistent link: https://www.econbiz.de/10013247112