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- Search found 15 items for:
- Calculation and Knowledge
- Peter G. Klein
Media Asset
Author:
Peter G. Klein
Online Publish Date:
Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2014.
Media Asset
Author:
Peter G. Klein
Online Publish Date:
The entrepreneur risks, in the present, investment in productions that he thinks will produce some good or service at a profit in the future. Archived from the live Mises.tv broadcast, this lecture by Peter Klein was presented at How Does an Economy Grow? A Seminar for High School and College Students . Special thanks to an anonymous donor for
Media Asset
Online Publish Date:
Recorded at the Mises Institute in Auburn, Alabama, on 27 July 2023.
Mises Wire
Author:
Peter G. Klein
Online Publish Date:
The New York Times recently ran a fascinating piece on the innovative management practices used by sharing-economy firms like Uber, AirBNB, and TaskRabbit. These firms match riders with drivers, house guests with building owners, homeowners with plumbers, and so on. The challenge for the platform owners is that the providers are independent
Libertarian Papers
Author:
Nicolai J. Foss
Peter G. Klein
Online Publish Date:
[Originally published in Libertarian Papers 1, 39 (2009) ] As the transaction cost theory of the firm was taking shape in the 1970s, another important movement in economics was emerging: a revival of the “Austrian” tradition in economic theory associated with such economists as Ludwig von Mises and F. A. Hayek (1973; Dolan, 1976; Spadaro, 1978).
Review of Austrian Economics
Author:
Peter G. Klein
Online Publish Date:
Review of Austrian Economics , Volume 9, Number 2
Mises Wire
Author:
Peter G. Klein
Online Publish Date:
[Cross-posted at Organizations and Markets ] Over the years I’m increasingly convinced that Israel Kirzner’s metaphor of entrepreneurship as costless discovery — a form of arbitrage, exploiting differences between actual prices and their Walrasian equilibrium values — is a misleading way to think about entrepreneurship. Emphasizing knowledge,
Mises Wire
Author:
Peter G. Klein
Online Publish Date:
Milton Friedman’s best-known technical works are his Theory of the Consumption function (1957) and the Monetary History of the United States (with Anna Schwartz, 1963). But it is rarely mentioned that Friedman won the John Bates Clark Award (given by the AEA every two years to the best American economist under 40) in 1951, years before these works
Mises Wire
Author:
Peter G. Klein
Online Publish Date:
[Cross-posted at Organizations and Markets ] Austrian economists eschew empirical analysis in favor of deductive, a priori reasoning. They don’t believe in prediction . Neoclassical economists, by contrast, endorse the “scientific method” of rigorous empirical testing. You know that, right? Then you might be surprised to learn that Carl Menger