Quarterly Journal of Austrian Economics
Author:
William L. Anderson
Ronald L. Ross
Online Publish Date:
Volume 8, No. 4 (Winter 2005) This paper has incorporated challenges to the dominant neoclassical model that were fashioned by Rothbard and, to a much lesser extent, Baumol . In examining the work of both economists, we conclude that the Rothbard model is more complete, as it factors time into the model, where Baumol’s does not, which