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Larry J. Sechrest

Works Published inReview of Austrian Economics, Volumes 1-10Mises Daily ArticleQuarterly Journal of Austrian EconomicsArticles of Interest

Larry Sechrest (1946–2008) was professor of economics at Sul Ross University, adjunct scholar of the Mises Institute, and author of Free Banking: Theory and History of a Laissez-Faire Model.

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Explaining Malinvestment and Overinvestment

Business CyclesCapital and Interest Theory

06/21/2021Quarterly Journal of Austrian Economics
Larry Sechrest provides a concise (4000-word) explanation of the concepts of malinvestment and overinvestment and how they help us understand economic depressions and the boom-bust cycle.


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Privateers: An Example of Private-Sector Military Defense

The EntrepreneurU.S. HistoryWorld History


One of the most instructive of all examples from maritime history is that of privateering, that is, the employment of profit-seeking, private armed ships during wartime.

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Chapter 7. Privateering and National Defense: Naval Warfare for Private Profit

War and Foreign Policy

06/06/2019Mises Media
From The Myth of National Defense: Essays on the Theory and History of Security Production , edited by Hans-Hermann Hoppe.
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Public Goods and Private Solutions in Maritime History

Free MarketsWorld History

07/30/2014Quarterly Journal of Austrian Economics
Among all those goods which have been offered as examples of public goods, national defense and lighthouses have been among the most frequently cited.


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Praxeology, Economics, and Law: Issues and Implications

Legal SystemPraxeology

07/30/2014Quarterly Journal of Austrian Economics
The praxeological method is an efficacious way to investigate the fundamental theoretical questions at the heart of any study of human endeavor.


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