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The Methodology of the Austrian School Economists
Publication
Author: Lawrence H. White
Online Publish Date:
Today, the tradition of Austrian economics is enjoying a resurgence. Austrian economists are engaged in theoretical and applied research on a wide array of topics. What unifies this school of thought—what might be called its theme—is the methodological outlook of its members: subjectivism . White concentrates on six authors who have been most
Do Deficits Matter?
Free Market
Author: Lawrence H. White Roger W. Garrison
Online Publish Date:
Category: Fiscal Theory, Taxes and Spending
The Free Market 17, no. 2 (February 1999)   Creative accounting by the Clinton administration has taken the government’s budgetary imbalances out of the media’s spotlight. But there is no basis for believing that we are entering a new era of fiscal responsibility. Deficits are likely to dominate future decades just as they dominated the past
The Austrian School and Spontaneous Order: Comment on O’Driscoll
Austrian Economics Newsletter
Author: Lawrence H. White
Online Publish Date:
Category: Calculation and Knowledge, Political Theory, Prices
Volume 1 (Spring 1979) Lawrence H. White   In the penultimate section of his paper on “Spontaneous Order and the Coordination of Economic Activities,” [1] Gerald O’Driscoll performs a valuable service in bringing into the open a controversy, sparked by Professor Lachmann’s thought, which has arisen in Austrian circles over the question of general
Bankruptcy as an Economic Intervention
Journal of Libertarian Studies
Author: Lawrence H. White
Online Publish Date:
Category: Capital and Interest Theory, Money and Banking, Money and Banks
Bankruptcy law is a system of interventionary legislation which interferes with the ability of individuals freely to establish the terms of loan contracts. It benefits the less prudent and less scrupulous borrowers -indeed may encourage their conduct -while making loans costlier for the honest and conscientious. Bankruptcy is defined as “that
Privatization of Municipality-Provided Services
Journal of Libertarian Studies
Author: Lawrence H. White
Online Publish Date:
Category: Free Markets, Taxes and Spending
Volume 2, Number 2 (1978) The municipal reform movement of the progressive era succeeded throughout America in establishing local government monopoly in the provision of urban services. Competitive markets in such services as fire-fighting, street lighting, refuse removal, transit, and even policing, gave way to municipal bureaus and departments.