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Mateusz Machaj

Tags Gold StandardMoney and Banking

Works Published inMises Daily ArticleQuarterly Journal of Austrian Economics

AwardsLawrence W. Fertig Prize in Austrian EconomicsDouglas E. French Prize at Mises University

Mateusz Machaj is Assistant Professor in Economics at the University of Wroclaw. He is the author of Money, Interest, and the Structure of Production: Resolving Some Puzzles in the Theory of Capital, and The Rise and Fall of the First Galactic Empire: Star Wars and Political Philosophy.

All Works

The Wage-Gap Debate Is Based on Junk Science

Calculation and Knowledge

Without the marketplace, we cannot calculate the value of workers, whether male or female. There is no "objective" measure of an employee.
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Interest and the Length of Production: A Reply

Labor and WagesCapital and Interest Theory

12/07/2017Quarterly Journal of Austrian Economics
A lower interest rate does lead to building more of the capital structure supplemented by reallocation of labor into later stages of production.
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Foreign Investment Is Not a Problem for the Domestic Economy

We don't have to worry about paying for foreign capital any more than we must worry about paying for foreign oil. Both trades benefit the domestic economy.
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Oxfam's Hypocrisy on Private Wealth

The EntrepreneurWorld HistoryPolitical Theory

By Oxfam's methods, anyone with a few bucks in the bank is causing poverty for the bottom 10%. Oxfam, of course, has much more than a few bucks.

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Stiglitz Is Wrong About Marginal Pricing



Rising income inequality and concentration of resources into fewer large firms are not a problem for marginal-pricing theory.

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