Abstract: The paper describes the colonization cost theory of anarchic emergence. The theory states that when the state incurs high costs of directly colonizing land, it may be beneficial for it to allow anarchy to emerge and settle distant frontiers. Once enough land is settled by the anarchic community, the state can then use one of the two
Confucian Capitalism: Shibusawa Eiichi, Business Ethics, and Economic Development in Meiji Japan by John H. Sagers Cham, Switzerland: Palgrave Macmillan, 2018, xvi + 245 pp. Jason Morgan (jmorgan@reitaku-u.ac.jp) is an associate professor at Reitaku University in Chiba, Japan. Quarterly Journal of Austrian Economics 22, no. 1 (Spring 2019), for
Quarterly Journal of Austrian Economics 22, no. 2 (Summer 2019) full issue. ABSTRACT: This Lou Church Memorial Lecture given at the AERC in March 2019 focuses on the outcomes of the Enlightenment: reason, the individual, equality, property rights, the separation of church and state, science and politics freed from religious dogma; but also the
Volume 2, No. 2 (Summer 1999) The transition from central planning to market-oriented economies in Eastern and Central Europe provides a fascinating laboratory for research in economic theory and business practice. With the collapse of communism, the inefficiencies of centralized planning have been laid bare. The classic debates between Mises and
Volume 2, No. 2 (Summer 1999) It has long been recognized that the year 1916 was the turning point in World War I, the year in which, as historian René Albrecht-Carrié (1965) put it, the deeper forces broke through. This process is not nearly as mysterious as it sounds on first hearing. On the battle fronts, the bloodlettings of 1916 — Verdun, the
Volume. 3, No. 2 (Summer 2000) During the late 1840s more than one million Irish died and many more emigrated, with the Irish population not returning to its former level for over a century. Author Cormac Ó Gráda would appear to bewell suited to write about this tragedy. He is professor of economics at the University College in
Volume 5, No. 1 (Spring 2002) Hayek points to the works of Bernard Mandeville , David Hume, and Adam Smith as the primary origins of his social theory of spontaneous order. Christinia Petsoulas critically examines that claim and concludes, not simply that Hayek is too modest in understating the originality of his own thought, but that “a
Volume 5, No. 1 (Spring 2002) Pipes does make a contribution to our appreciation for private property. It cannot be denied that the book starts out on a high plain. Certainly, Pipes is correct in locating the difficulties suffered by both Russia and later the U.S.S.R. in terms of the lack of appreciation for private property endemic in that
Volume 5, No. 2 (Summer 2002) Japan has experienced an Austrian business cycle. The initial boom was created by a central bank–induced monetary expansion. Because of repeated interventions, the economy has not recovered. The greatest malinvestments took place in capital-intensive industries in the earlier stages of production. For Japan’s
Volume 5, No. 2 (Summer 2002) I appreciate the fact that the author attempts to construct logical rather than mathematical arguments, as seems to be the disease that has struck most of the economics profession at the present time. It is at this point that I begin my analysis of what Olson writes. Power and Prosperity is an attempt to examine
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.