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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 a Fellow of the Mises Institute who received his PhD in economics from the University of Wroclaw. He is a founder of the Polish Mises Institute of Economic Education and five time Research Fellow of the Mises Institute (2005-2009). He received the Douglas E. French Prize and the Lawrence Fertig Prize in Austrian Economics. Dr. Machaj is the author of Capitalism, Socialism and Property Rights: Why Market Socialism Cannot Substitute the MarketMoney, 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

Three Lessons Learned from Tesla’s Success

The EntrepreneurTaxes and SpendingEntrepreneurship


If consumers are free to choose, any entrepreneur focused on serving customers can compete against even huge established corporations. Moreover, the market provides a way to reward the most innovative and customer-centered entrepreneurs.

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Teaching Mises and Rothbard in Poland

The FedGlobal EconomyMoney and Banking

12/24/2015The Austrian
Former Mises Fellow and current economics professor Mateusz Machaj discusses free market reforms in Poland, central banking, and the lack of Polish appetite for joining the eurozone.
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The Interest Rate and the Length of Production: An Attempt at Reformulation

Capital and Interest TheoryProduction Theory

11/17/2015Quarterly Journal of Austrian Economics
This paper argues that it may be misleading to search for a direct causal effect of interest rates on the length of production because another, related factor affects it more directly. We name this factor intertemporal labor intensity ...
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Price Deflation and Price Inflation Are Always "Optimal"


Price changes are the solution to a problem, not the problem itself.
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Could the ‘Taylor Rule’ Have Prevented the Housing Bubble?

Money and BanksOther Schools of Thought

10/28/2014Mises Daily Articles
Tom Woods and Mateusz Machaj discuss the problem with John Taylor's rule for monetary policy.
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