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Mateusz Machaj on the Structure of Production in Economic Theory, and the Political Philosophy of the Star Wars Prequels
Media Asset
Author: Robert P. Murphy Mateusz Machaj
Online Publish Date:
Category: Austrian Economics Overview, Media and Culture
Austrian economist and Mises Institute Fellow Mateusz Machaj discusses two of his books. The first is a technical work explaining how the Austrian structure of production concept can help resolve puzzles in economics. Machaj’s second book analyzes the political philosophy behind the Star Wars prequels. This episode contains deep insights that will
Carl Menger’s Revolution
Media Asset
Author: Mateusz Machaj
Online Publish Date:
Category: Philosophy and Methodology, Political Theory
Menger, Walras and Jevons are credited with creating the marginal revolution in economics. Carl Menger’s contribution to this revolution, however, should be regarded as something distinct, unique, and more rigorous, writes Mateusz Machaj. This audio Mises Daily is narrated by Robert
Is There a Distinct Theory of International Trade?
Mises Daily
Author: Mateusz Machaj
Online Publish Date:
Category: Monopoly and Competition, Value and Exchange, Free Markets, Global Economy
Economics is a social science dealing with human choices and evaluations resulting from them. Every branch of our social world is a result of human action. That is why we always have to concentrate on acting individuals, who choose means to achieve their subjective ends. Ludwig von Mises called economics “a general theory of human action.” This
Friedman for Government Intervention: The Case of the Great Depression
Mises Daily
Author: Mateusz Machaj
Online Publish Date:
Category: Other Schools of Thought, Philosophy and Methodology, Booms and Busts
We’ve often heard that monetarists and Austrians agree that the government is to blame for the Great Depression. A deeper look shows that this is nothing but empty rhetoric. This short article does not deal with the details of Austrian Business Cycle Theory and its opposite monetarist interpretation of events after 1929. The purpose is far less
Oh Keynesian, Where Art Thou?
Mises Daily
Author: Mateusz Machaj
Online Publish Date:
Category: Monetary Theory, Other Schools of Thought, Financial Markets
Almost everyone has something to say about the current crisis and the serious trouble our little greenback friend is in. We are about to be reminded that empires do not fall because of barbarians at the gates, wars of civilizations, or free trade. It’s the inflation that kills them. What is stunning about the current situation is the sudden
The Danger behind the Fed’s Exceptional Profits
Mises Daily
Author: Mateusz Machaj
Online Publish Date:
Category: Interventionism, Monetary Theory, Other Schools of Thought, The Fed
A few days ago, the Fed announced that it had “earned” a record-high amount of money in 2009. Then it turned $46 billion over to the Treasury. Here we are in the midst of a serious recession, with the unemployment rate high, the housing market still in a slump, and the stock market making only small steps toward recovery. In this climate, the Fed
The Nature of Socialism
Mises Daily
Author: Mateusz Machaj
Online Publish Date:
Category: Interventionism, Other Schools of Thought, Private Property, Big Government
[From Property, Freedom and Society: Essays in Honor of Hans-Hermann Hoppe .] I first met Professor Hans-Hermann Hoppe in 2003, when he visited Poland for a libertarian conference. Most of the participants were interested in normative issues and political philosophy, whereas very few were interested in Austrian economics. Hence, I was
The Price Determined by the Cost and Costs Determined by Prices: A Reply to Israel
Quarterly Journal of Austrian Economics
Author: Mateusz Machaj
Online Publish Date:
Category: Monetary Theory
Mateusz Machaj (mateusz.machaj@uwr.edu.pl) is research fellow at the Faculty of Social and Economic Studies, Jan Evangelista Purkyne University in Usti nad Labem; and assistant professor at the Institute of Economic Sciences, the University of Wroclaw. Quarterly Journal of Austrian Economics 21, no. 3 (Fall 2018) full issue, click here. My
Review: The Problem of Production: A New Theory of the Firm
Quarterly Journal of Austrian Economics
Author: Mateusz Machaj
Online Publish Date:
Category: Production Theory
  The Problem of Production: A New Theory of the Firm Per Bylund London: Routledge, 2016, 194 pp. Mateusz Machaj (mateusz.machaj@uwr.edu.pl) is research fellow at the Faculty of Social and Economic Studies at Jan Evangelista Purkyne University in Usti nad Labem, Poland; and assistant professor at the Institute of Economic Sciences, University of