Classical Economic Theory and the Modern Economy by Steven Kates Edward Elgar, 2020, 264 pp. Per Bylund (per.bylund@okstate.edu) is Associate Professor of Entrepreneurship and Records-Johnston Professor of Free Enterprise in the School of Entrepreneurship in the Spears School of Business at Oklahoma State University, a Fellow of the Mises
Volume 18, Number 1 (Spring 2015) Sweden and the Revival of the Capitalist Welfare State is the third updated (and first English) edition of Andreas Bergh’s well-researched book on the rise, fall, and return of the world-renowned Swedish welfare state. The work importantly traces the origins of the Swedish wonder, in which Sweden rose from being
[ Full issue of the Quarterly Journal of Austrian Economics 20, no. 4 (2017)] Scandinavian Unexceptionalism: Culture, Markets, and the Failure of Third-Way Socialism by Nima Sanandaji London: Institute for Economic Affairs, 2015, 132 pp. The Scandinavian countries, and primary among them Sweden, are commonly referred to as anomalies or
[ Full issue of the Quarterly Journal of Austrian Economics 20, no. 4 (2017) Public Policy, Productive and Unproductive Entrepreneurship: The Impact of Public Policy on Entrepreneurial Outcomes Edited by Gregory M. Randolph, Michael T. Tasto, and Robert F. Salvino Jr. Cheltenham, U.K.: Edward Elgar, 2017, 176 pp. Entrepreneurship is a double-edged
Volume 14, No. 4 (Winter 2011) Wicksell’s obituary of Carl Menger is here publised in English for the first time, thanks to the efforts of Per Bylund who translated it from the original Swedish. It is a noteworthy piece that deserves publication because Wicksell was a contemporary of the second generation of the Austrian school and an
Volume 15, No. 3 (Fall 2012) Peter Lewin’s Capital in Disequilibrium is an award-winning, extensive survey of capital theory, which touches on and summarizes an array of issues and phenomena. It fearlessly dives into the depths of the vast and shifting literatures available on each of the topics. Bylund, Per L. Review of Capital in
Volume 14, Number 2 This paper reviews Austrian approaches to the firm and drafts a theory that emphasizes the firm as a market phenomenon. Here the firm is a vehicle for imaginative entrepreneurs to create artificially high factor density, thereby increasing its internal “extent of the market” to support specialization of factors beyond the
CALL FOR PAPERS Special Issue of The Quarterly Journal of Austrian Economics : AUSTRIAN ENTREPRENEURSHIP THEORY Submission window : March 15 – April 15, 2020 Guest editor : Per Bylund, School of Entrepreneurship, Oklahoma State University Overview Austrian economics is a widely respected body of theory in management broadly (e.g., Jacobson, 1992)
The Austrian school of economics has been all but left by the wayside in economics (e.g., Backhouse 2000). This fate, shared with all “heterodox” approaches that do not fully comply with mainstream dogma, means Austrian theory is at best discounted by other economists. More often, and typically, it is forgotten and a relic of the past. At the same
Abstract : Entrepreneur-promoters, or the pioneers of economic improvement, provide an essential market function which economics cannot do without. Yet Ludwig von Mises maintains that this function lies beyond what can be defined with praxeological rigor. This paper attempts to find a praxeological subcategory of entrepreneurship that conforms
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.