Institute Publications

Displaying 21 - 30 of 2597

On Conceptualizing Risk: Breaking the Dichotomy between Knightian Risk and Uncertainty

Austrian Economics OverviewEntrepreneurship

05/07/2019Quarterly Journal of Austrian Economics
What are the different concepts of financial risk? How do Austrian economists conceive of risk, uncertainty, and probability? Christian Hoffmann, parting ways with Mises, provides a taxonomy and cautions about the predominance of probability statistics in the realm of economics and finance.
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Review: The High Cost of Good Intentions: A History of U.S. Federal Entitlement Programs

Bureaucracy and RegulationU.S. History

05/04/2019Quarterly Journal of Austrian Economics
Entitlement programs have worsened the problems they were designed to solve and are now giving out massive subsidies to the non-poor.
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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)
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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.
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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.
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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.
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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.
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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

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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

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The Radical Libertarian Tradition in Antislavery Thought

World HistoryPrivate PropertyProduction Theory

04/10/2019The Journal of Libertarian Studies
The radicals advocated the right of the slaves to rebel, either individually or en masse , and to resort to violence in their own self-defense, and to call on those outside the slave system to come to their assistance.
Formats

3_3_5_0.pdf

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