Firm, Money, and Economic Calculation: Considering the Institutional Nexus of Market Production, The
From the American Journal of Economics and Sociology Vol. 57, No. 4, October 1998.
From the American Journal of Economics and Sociology Vol. 57, No. 4, October 1998.
Published in Advances in Austrian Economics, Vol. 3, 1996.
Drawing on her doctoral dissertation, Sandye Gloria-Palermo has undertaken a history-of-thought survey of the Austrian tradition from Menger to Lachmann. In the process she considers the works of Böhm-Bawerk, Wieser, Mises, Hayek, Rothbard, Kirzner, and Lachmann — a tall order, to say the least. In order to accomplish her task she has chosen to narrow her focus to one central theme: How do these theorists measure up when judged in terms of the standards set by Menger.
“The theory of capital lacks a simple dimension for the measurement of its subject matter. To some minds this makes it all the more attractive.”
Encyclopedia of Law and Economics, Northampton, MA: Edward Elgar, Vol. I, pp. 456-489. (2000).
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.
Libertarian Papers, Vol. 2 (2010), Article No. 2