Escaping Paternalism
by Mario J. Rizzo and Glen Whitman
Cambridge: Cambridge University Press, 2020
506 pp.
David Gordon (dgordon@mises.org) is a senior fellow at the Mises Institute and editor of the Journal of Libertarian Studies. This review was originally published Jan. 2, 2020 as “Why Paternalists Keep Calling Us Irrational,” at https://mises.org/wire/why-paternalists-keep-calling-us-irrational.
Abstract: Entrepreneur-promoters, or the pioneers of economic improvement, provide an essential market function which economics cannot do without. Yet Ludwig von Mises maintains that this function lies beyond what can be defined with praxeological rigor. This paper attempts to find a praxeological subcategory of entrepreneurship that conforms with Mises’s indeterminate references to the entrepreneur-promoter in Human Action.
The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century
by Mark Thornton
Auburn, Ala.: Ludwig von Mises Institute, 2018
Michael Novak (michael.c.novak@okstate.edu) is a Ph.D. student in entrepreneurship at Oklahoma State University. He also holds an MBA from the University of Wisconsin-Whitewater.
Will Switzerland become the next country to be labeled a currency manipulator?
The definition of “currency manipulator” has been laid out by the Treasury and explained by the Council on Foreign Relations (CFR) below. It requires the following three criteria to be met:
Abstract: This article develops a typology for making sense of the numerous strands of Austrian (and Austrian-related) economics and demonstrates how this typology can guide organizational entrepreneurship scholars wishing to ground their research in Austrian thought. In the process, not only are existing insights from the history of Austrian economic thought rediscovered, but clearer light is also shed on important perspectives from that tradition that have received less attention in entrepreneurship research.
The Austrian school of economics has been all but left by the wayside in economics (e.g., Backhouse 2000). This fate, shared with all “heterodox” approaches that do not fully comply with mainstream dogma, means Austrian theory is at best discounted by other economists. More often, and typically, it is forgotten and a relic of the past.
