Review of You Don’t Always Get What You Pay For: The Economics of Privatization, by Elliot D. Sclar

Volume 4, No. 4 (Winter 2001)

 

Elliot Sclar’s book You Don’t Always Get What You Pay For: The Economics of Privatization presents an empirical analysis of privatization that he thinks has been lacking. He uses several case studies to explain the merits and downfalls of trying to privatize “public services.” After examining several case studies he concludes the privately producing “publicly provided goods” is not always beneficial to society.

Deflation: When Austrians Become Interventionists

Volume 6, No. 4 (Winter 2003)

 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, quite in contrast to most other subjects, especially inflation. Six Austrian economists, especially Rothbard, refute most arguments that mainstream economists mention against deflation. To differing degrees they are much less deflation-phobic than the mainstream.