Property Rights and Time Preference
Time preference, one of the fundamental concepts of economics, is the ratio between the present values of present and future goods. Mises (1949) holds that time preference is the only reason
Time preference, one of the fundamental concepts of economics, is the ratio between the present values of present and future goods. Mises (1949) holds that time preference is the only reason
To analyze the feasibility of applying the Coase Theorem, this article uses two traditional arguments, economic calculation and non-neutral effects, found in the Austrian literature.
If law exists only where there are state-backed courts and codes, then every primitive society was lawless.
It is impossible at the present time to present a systematic, coherent description of the ancient Irish law of property.
Among the most popular and consequential beliefs of our age is the belief in collective security.
It is taken for granted by most economists and political philosophers that John Locke was in some sense a precursor of the labor theories of value
Several years ago, in an episode of “All in the Family ,” Archie Bunker proposed a possible solution to the airline highjacking problem
In recent years a new and powerful critique of our current criminal justice system has been advanced by advocates of a totally new approach to crim
In reviewing the contributions of Adam Smith to the growth of economics Hans Brems writes that “[m]uch of what Smith had to say had been said
In the pages of an obscure book first published in 1722, there lurks one of the finest essays on property rights ever penned.