Selected Abstracts from the 2019 Austrian Economics Research Conference

Quarterly Journal of Austrian Economics 22, no. 2 (Summer 2019) full issue.

 

ABSTRACTS INCLUDE:

“Entrepreneurship, Uncertainty, and Judgment: A Model for Understanding the Uncertainty Borne by Entrepreneurs,” by Per Bylund

“The Perceived Phantom Opportunity: Bridging the Gap between Perception and Actualization,” by Michael Caston, Nicole Flink, Lee Grumbles, and Clint Purtell

Paleolithic People Were Not Primitive Communists

The resurrection of socialist ideas at the turn of the 21st century is a fairly evident phenomenon among part of the population of Western countries. Proponents of socialism have employed various “proofs” showing the supposed advantages and naturality of the collective way of existence. There is a line of thought that humanity, for most of its history, lived in a mode of complete collectivization.

Desocialization of Enterprises: Empowering Venezuelans

Quarterly Journal of Austrian Economics 22, no. 2 (Summer 2019) full issue.

ABSTRACT: One of the fundamental conditions for overcoming the economic disaster in Venezuela and being sure that a new government could not snatch away economic freedom again, is the desocialization of the economy. Following Rothbard (1992), we propose one of the required steps to achieve a real free market economy in a post-socialist Venezuela.

Reduced Sentences in Exchange for Lies: A Government Tradition

In 1992, Mark Young was sentenced to life in prison for trafficking marijuana. His conviction came from the testimonies of two other convicted marijuana dealers who turned on Young in order to get their own sentences reduced. The two informants, Ernest Montgomery and Claude Atkinson, depicted Young as a marijuana kingpin — the primary broker of a major transaction. Young’s memory is different, though. Recounting his side of the story from the federal penitentiary in Leavenworth, Kansas, Young claims he barely knew Montgomery and Atkinson.

Lorca-Susino María is professor at the University of Miami and senior researcher at Econintech.org.

Greece Never Really Recovered from Its Financial Crisis

Now that Greece’s bailout program has ended, what are the prospects for economic growth and development in Greece? These two definitions are different, as economic growth is the increase of income while economic development includes factors as increased schooling, life expectancy etc. However, economic growth is mandatory for economic development. There are many theories in the international literature about economic growth.