Institute Publications

Displaying 1 - 10 of 2583

Restitution in Theory and Practice

Free MarketsLegal SystemPhilosophy and Methodology

04/19/2019The Journal of Libertarian Studies
State-centered ideas around crime focus on imprisonment and punishment. But a restitution-centered model would be much better for victims.
Formats

12_1_4_0.pdf

PDF icon PDF (107.47 KB)
Read More

Homogeneity, Heterogeneity, the Supply Curve, and Consumer Theory

Subjectivism

04/17/2019Quarterly Journal of Austrian Economics
What does it mean for two goods to be the "same good"? Wysocki and Block argue that Austrian subjectivism leads to the possibility of perfect economic homogeneity or heterogeneity.
Read More

Review of The Problem of Production: A New Theory of the Firm

Production Theory

04/17/2019Quarterly Journal of Austrian Economics
Per Bylund's new book makes a compelling Austrian argument that firms precede markets, and creates what reviewer Mateusz Machaj calls "an unlocking theory of the firm."
Read More

Review of The High Cost of Good Intentions: A History of U.S. Federal Entitlement Programs

Bureaucracy and RegulationU.S. History

04/17/2019Quarterly Journal of Austrian Economics
Mark Thornton reviews John Cogan's history of failed entitlement programs in the US, from veterans' benefits of the War for Independence to today's damaging but inexorably expanding welfare programs.
Read More

Review of Theoria Generalis: Das Wesen des Politischen

Political Theory

04/17/2019Quarterly Journal of Austrian Economics
In his massive work, Hintze uses Mises extensively to create a theory of the state and attacks anarcho-capitalism. He suggests local government, arguing that modern liberal democracies have failed.
Read More

The Income Effect Reconsidered

Prices

04/15/2019Quarterly Journal of Austrian Economics
There is a type of income effect in Austrian or causal-realist price theory, and the difference between neoclassical and Austrian microeconomics is smaller than has been portrayed, says Karl-Friedrich Israel.
Read More

Is the Virus of International Macroeconomic Interventionism Infectious? An ABCT Analysis

Austrian Economics OverviewBusiness Cycles

04/15/2019Quarterly Journal of Austrian Economics
Can credit expansion in one part of the world infect a laissez-faire economy with a boom-bust cycle? Block, Engelhardt, and Herbener argue that the laissez-faire economy is largely sheltered.
Read More

Agree or Disagree? On the Role of Negotiations for the Valuation of Business Enterprises

Philosophy and MethodologySubjectivismValue and Exchange

04/15/2019Quarterly Journal of Austrian Economics
Valuation of businesses must be based on appraisement, investment appraisal, and— terra incognita in Austrian economics—negotiation. Discounted cash flow and "relative valuation" methods are well-suited for negotiation purposes.
Read More

A Better Red: The Transition from Communism to Coca-Cola in Romania

Big GovernmentWorld History

04/13/2019Quarterly Journal of Austrian Economics
After the fall of the Berlin Wall, the newly freed former communist states welcomed companies like Coca-Cola, which brought both capital and managerial skill to economies ruined by communism.
Formats

qjae2_2_3.pdf

PDF icon PDF (26.52 KB)
Read More

The Development of Municipal Fire Departments in the United States

Taxes and SpendingU.S. HistoryMonopoly and Competition

04/11/2019The Journal of Libertarian Studies
For many years in London, firefighting was provided privately by insurance companies. Oddly enough, the Americans rejected this model for the far-more-politicized fire department model we know today.
Formats

3_3_6_0.pdf

PDF icon PDF (1.31 MB)
Read More
Shield icon library