Quarterly Journal of Austrian Economics
Author:
Jonas Grafström
Online Publish Date:
problems, (b) unproductive entrepreneurship, and (c) bureaucracy and government policy. From a theoretical standpoint, both a planning problem and an entrepreneurial problem are evident where governmental policies create misallocation of resources and a hampering of technological an equilibrium would presume that all facts are known and that the process of competition has thus ended, rather than that there could be temporary order. Several