Monetary policy is in turmoil. Ever since the financial crisis erupted eight years ago, major with the support of state interventions, it is possible, within certain limits (competition from other currencies, hyperinflation, etc.), to impose them on the
banks that are endowed with special legal prerogatives to protect them from competition. Central banks are therefore able to produce immaterial fiat money, in It is our hope that the present book will be helpful in assessing the different policy options. However, the main focus of this work is not on economic policy, but
Alternative . Boston: Kluwer Academic Publishers. DiLorenzo, Thomas J. 1988. « Competition and Political Entrepreneurship: Austrian Insights into Public-Choice Jewkes, J. 1955. « The Economist and Economic Change ». Economics and Public Policy . Washington, DC: Brookings Institution. Kirzner, Israel M. 1966. An Essay on Capital . Nueva York: Augustus Kelley. ——— . 1973. Competition and Entrepreneurship . Chicago: Chicago University Press. ——— . 1992. The
More monetary competition , this is the promising title of Markus Kerber’s new book, in which he the political legitimacy, to go their own ways. Thus the Grexit is an appealing policy option, after all. It opens the prospect of a Gerexit, a Nethexit, a Finexit,
could afford to let the costs get out of hand in such a way. Anyone who is in competition has to keep improving. Only those who have a legal monopoly and can make money from nothing have been used again and again to finance state industrial policy and socialist experiments. In the 1970s, British historian Antony Sutton
In his criticism of imperialist policies in the service of socialism, labor-unionism, and the socialist war economy by banal technical considerations. In other words, Mises welcomed the unhampered competition among national territories, which in a free “inter-national” society alone is worthy of a proud nation, that alone would be true national and cultural policy. The means of power and of political rule were in no way necessary for that.
protested.” The present article is a similar protest against the current lockdown policies put into place in most countries of the Western world to confront the services, energy production, security, and food production and distribution. This policy response was apparently coordinated with other European governments. Italy, are hardly ever final. What is crucial is the scientific process , which is a competitive process based on disagreements about the validity and relevance of
prevented the discovery of better coins and coin systems through entrepreneurial competition. Governments frequently intervened in the production of money through businesses. And these other businesses and their customers are also harmed by the policy because the steel firm is now able to pay higher wages and higher rents, thus
theory of interventionism and therefore agreed to comment on climate change policy. Sometimes the fresh look of an outsider can be helpful. If my remarks spur the wrong track. And yet one would hardly conclude from these circumstances that competition among entrepreneurs and courtiers should not be allowed, or that only
ends are always conflicting. Therefore, one cannot say whether a disputed policy is efficient. All one can state is that it is efficient for some persons and Alternative. Boston: Kluwer Academic Publishers. DiLorenzo, Thomas J. 1988. “Competition and Political Entrepreneurship: Austrian Insights into Public-Choice
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.