The assertion that “tax-financed public goods can make us all better off” is just that: an assertion. As Rothbard showed, there is no reason to just assume consumers would pay for these amenities were they not forced to through taxation.
The assertion that “tax-financed public goods can make us all better off” is just that: an assertion. As Rothbard showed, there is no reason to just assume consumers would pay for these amenities were they not forced to through taxation.
Mises grounds his balance-of-payments analysis on the insight that it is a monetary concept.
This article theoretically refines and empirically extends the subjectivist approach to team entrepreneurship, finding that positive internal and external team dynamics contribute to team effectiveness.
This article discusses the complementarities between New Institutional Economics and Austrian economics, which can advance our understanding of the relationship between institutions and entrepreneurship.
Contra Marx, Mises understood that human desires and needs are not determined merely by biology.
Interpersonal utility can't be measured. After all, if you can't measure a single person's utility, it makes no sense at all to measure one person's utility against that of another.
Contra Marx, Mises understood that human desires and needs are not determined merely by biology.
Mises thought that social cooperation through the free market resulted in peace and prosperity, regardless of whether people or societies accepted this or not.
