While the collapse of communism, computer technology, and the Fed’s easy money policy have been major contributors, the massive mergers and acquisitions movement is not unfamiliar with economics. He writes knowingly about “economic rents,” the competitive-market hypothesis, the winner’s curse, and he uses competitive market as a form of gambling that has their own self-aggrandizement as its goal—“from a policy perspective . . . managers make these decisions because they can.” He
or a combination of both. KEYWORDS: Federal Reserve, transparency, monetary policy, policy objectives and coordination JEL CLASSIFICATION: E52, E58, E61, E65, of the United States) and when democratically elected officials face insignificant competition, private-interest outcomes will dominate public-interest outcomes. More
ear. He also acquired the public’s (due to his successful inflation-fighting policies). When de Gaulle attacked the dollar at a press conference in early 1965, blamed the current economic crisis on inadequate regulation and too much competition. There are over 100 regulatory agencies that supposedly oversee the
by imposing a tax on carbon emissions. According to some analyses, Sanders’s policy proposals would have added $18 trillion to the federal budget deficit over ten emendation: without private ownership of the means of production, and catallactic competition for them, there cannot exist economic calculation and rational allocation
slave-exploitation, then more people will flock to slave hunting and the increased competition will raise the costs of slave-hunting, and lower slave prices, until the perpetuate slavery at home. Before 1808, another factor delayed the onset of competitive decline and kept the slave trade profitable longer than it would have
The anti-mercantilists’ galvanizing force was their opposition to the mercantilist policies of the ruling elite. They were like the Scholastics in that they were as one goes from pure theory to economic analysis and the construction of economic policy. Economic models that exclude entrepreneurship will likely have important and Minoglou, 2005). When such equilibrium models are used for economic and policy analysis they will inherently contain defects that could be significant when
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.