07/30/2014Quarterly Journal of Austrian EconomicsXavier Méra
This paper explains how grants of monopolistic privileges to capitalists can lower labor and land factors’ prices compared to what would prevail in a free market environment.
07/30/2014Quarterly Journal of Austrian EconomicsXavier Méra
The law of association as espoused by David Ricardo and generalized by Ludwig von Mises cannot directly convey what is at stake in exchanges involving specialization in uncertainty bearing.