Is There a Glut of Saving?
Can there be such thing as too much saving? Frank Shostak says this is like asking if can we have too much real wealth.
Can there be such thing as too much saving? Frank Shostak says this is like asking if can we have too much real wealth.
The Austrians view is that monopoly came about as privilege, usually granted by royalty, given to a particular person or industry. This process is arbitrary and capricious. Free entry is required in capitalism. There cannot be restrictions on entry, as with doctors.
Price, quantity, profit, and deadweight loss are four criticisms of monopolies.
From The Review of Austrian Economics Vol. 7, No. 2, 1994.
This paper examines what Austrian economists think about deflation and offers a critique of their views. This seems to be of particular importance because Austrians differ in their opinions about deflation,
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History of Political Economy, vol. 36, no. 2 (summer) 2004
From the Cato Journal, Vol. 19, No. 2, 1999.
Published in the Cato Journal Vol. 20, No. 3, Winter 2001.