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Mateusz Machaj

Tags Gold StandardMoney and Banking

Works Published inMises Daily ArticleQuarterly Journal of Austrian Economics

AwardsLawrence W. Fertig Prize in Austrian EconomicsDouglas E. French Prize at Mises University

Mateusz Machaj is a Fellow of the Mises Institute who received his PhD in economics from the University of Wroclaw. He is a founder of the Polish Mises Institute of Economic Education and five time Research Fellow of the Mises Institute (2005-2009). He received the Douglas E. French Prize and the Lawrence Fertig Prize in Austrian Economics. Dr. Machaj is the author of Capitalism, Socialism and Property Rights: Why Market Socialism Cannot Substitute the MarketMoney, Interest and the Structure of Production: Resolving Some Puzzles in the Theory of Capital, and The Rise and Fall of the First Galactic Empire: Star Wars and Political Philosophy

All Works

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

Production Theory

05/09/2019Quarterly 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."
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The Price Determined by the Cost and Costs Determined by Prices: A Reply to Israel

Monetary Theory

02/07/2019Quarterly Journal of Austrian Economics
Machaj, a contributor to McCaffrey’s The Economic Theory of Costs , replies to Israel to clarify and develop his point on imputed value and price formation.
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The Wage-Gap Debate Is Based on Junk Science

Calculation and Knowledge

Blog01/02/2018
Without the marketplace, we cannot calculate the value of workers, whether male or female. There is no "objective" measure of an employee.
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Interest and the Length of Production: A Reply

Labor and WagesCapital and Interest Theory

12/07/2017Quarterly Journal of Austrian Economics
A lower interest rate does lead to building more of the capital structure supplemented by reallocation of labor into later stages of production.
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Foreign Investment Is Not a Problem for the Domestic Economy

Blog07/27/2017
We don't have to worry about paying for foreign capital any more than we must worry about paying for foreign oil. Both trades benefit the domestic economy.
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