Efficiency And Externalities In An Open Ended Universe

Author : Roy Cordato
Publisher : Ludwig von Mises Institute
Page : 164 pages
File Size : 48,7 Mb
Release : 2007
Category : Austrian school of economics
ISBN : 9781610164634

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Efficiency and Externalities in an Open-Ended Universe by Roy Cordato Pdf

"The problem of externalities and efficiency is cited relentlessly in mainstream literature as the great rationale for government intervention. The Austrian School, however, rooted in an understanding of the competitive process, takes another approach: viewing these supposed problems as having market-based solutions. In Efficiency and Externalities in an Open-Ended Universe, author Roy Cordato elucidates the Austrian view and expands it. He relies strongly on the work of Murray Rothbard and Israel Kirzner to address the modern arguments, showing that there is no standard by which we can judge efficiency apart from the market standard, and no way to adjudicate property rights apart from exchange relationships. This is an important contribution to Austrian literature, the most thorough and extensive study on a topic that is generally treated as a blank check for government to run roughshod over market institutions. No serious student of the market process can afford not to absorb the analytics and lessons of this book." -- from Mises Institute website

Author : Roy Cordato
Publisher : Unknown
Page : 142 pages
File Size : 52,6 Mb
Release : 2007
Category : Austrian school of economics
ISBN : 1610160975

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Efficiency and Externalities in an Open-Ended Universe by Roy Cordato Pdf

"The problem of externalities and efficiency is cited relentlessly in mainstream literature as the great rationale for government intervention. The Austrian School, however, rooted in an understanding of the competitive process, takes another approach: viewing these supposed problems as having market-based solutions. In Efficiency and Externalities in an Open-Ended Universe, author Roy Cordato elucidates the Austrian view and expands it. He relies strongly on the work of Murray Rothbard and Israel Kirzner to address the modern arguments, showing that there is no standard by which we can judge efficiency apart from the market standard, and no way to adjudicate property rights apart from exchange relationships. This is an important contribution to Austrian literature, the most thorough and extensive study on a topic that is generally treated as a blank check for government to run roughshod over market institutions. No serious student of the market process can afford not to absorb the analytics and lessons of this book." -- from Mises Institute website

Author : R. Cordato
Publisher : Springer Science & Business Media
Page : 153 pages
File Size : 51,7 Mb
Release : 2013-03-09
Category : Business & Economics
ISBN : 9781475721454

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Welfare Economics and Externalities In An Open Ended Universe by R. Cordato Pdf

Along with the renewed interest in the Austrian school of economics over the last two decades, important advances have been made in applying its princples to concrete issues that typically face market economics. However, very little has been done in the area of externalities and the concept of social efficiency. The overarching purpose of this book is to establish a sound theoretical basis for further empirical and public policy analysis in the area of externalities. In order to do this, a general theory of welfare economics is required. The author offers an alternative to the conventional neoclassical welfare paradigm -- his construct does not include perfect competition or general equilibrium. After the author develops his theory of welfare economics, he interprets externalities in light of the theory and discusses policy remedies and directions for further research.

Author : Todd J. Zywicki,Peter J. Boettke
Publisher : Edward Elgar Publishing
Page : 456 pages
File Size : 54,9 Mb
Release : 2017-12-29
Category : Electronic
ISBN : 9781788113106

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Research Handbook on Austrian Law and Economics by Todd J. Zywicki,Peter J. Boettke Pdf

The original contributions to the Research Handbook provide an introduction to the application of Austrian economics to law. The book begins with chapters on the methodology of law and economics. Further chapters discuss key concepts in Austrian economics – dynamic competitive processes, spontaneous order, subjective value, entrepreneurship, and the limited nature of individual knowledge – as they relate to topics in evolutionary law (social rules, self-governance, dispute resolution) and basic law (torts, antitrust, civil procedure, business and family law).

Author : P. J. Boettke
Publisher : Edward Elgar Publishing
Page : 647 pages
File Size : 49,8 Mb
Release : 1998-01-01
Category : Political Science
ISBN : 9780857934680

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The Elgar Companion to Austrian Economics by P. J. Boettke Pdf

'The book can be recommended both to those who know something about Austrian economics already, and to those who know nothing.' David Simpson, Economic Affairs 'Mr Boettke's very readable compendium consists of short articles by mostly young scholars, selected to illustrate the diversity and fecundity of modern Austrian economics.' Michael Prowse, The Financial Times The Elgar Companion to Austrian Economics is a major new reference work which highlights the common ground between all the branches of the school while demonstrating the breadth and diversity within it. The Companion reflects the many areas where Austrian economists have made contributions, including technical economics, methodology of the social sciences, political theory and political science. This book includes contributions from an international group of scholars whose work demonstrates a basic similarity and interest in questions which have historically been associated with the Austrian approach to economics, although many of the contributors would not consider themselves to be strictly of this school. The distinguished team of contributors commissioned by the editor includes: K.D. Hoover, I.M. Kirzner, A. Klamer, D. Lavoie, C.K. Rowley, M. Rizzo, M. Rutherford, R.E. Wagner, U. Witt, L. Yeager. Each entry is fully referenced and includes suggestions for further readings on the topic. The Companion will be the standard reference work for all those engaged in the field of Austrian Economics. It not only introduces students to the Austrian school, but also serves as an important research tool for scholars working within the Austrian tradition.

Author : Karen I. Vaughn
Publisher : Cambridge University Press
Page : 218 pages
File Size : 54,5 Mb
Release : 1998-01-28
Category : Business & Economics
ISBN : 0521637651

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Austrian Economics in America by Karen I. Vaughn Pdf

This book examines the development of the ideas of the new Austrian school from its beginnings in Vienna in the 1870s to the present. It focuses primarily on showing how the coherent theme that emerges from the thought of Carl Menger, Ludwig von Mises, Friedrich Hayek, Ludwig Lachmann, Israel Kirzner and a variety of new younger Austrians is an examination of the implications of time and ignorance (or processes and knowledge) for economic theory.

Author : Sabri Boubaker,Douglas Cumming,Duc Khuong Nguyen
Publisher : Edward Elgar Publishing
Page : 680 pages
File Size : 49,9 Mb
Release : 2018
Category : Electronic
ISBN : 9781786432636

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Research Handbook of Finance and Sustainability by Sabri Boubaker,Douglas Cumming,Duc Khuong Nguyen Pdf

The severe consequences of the global financial crisis 2008-2009 and numerous accounting frauds and financial scandals over the last fifteen years have let to calls for more ethical and responsible actions in all economic activities including consumption, investing, governance and regulation. Despite the fact that ethics in business and corporate social responsibility rules have been adopted in various countries, more efforts have to be devoted to motivate and empower more actors to integrate ethical behavior and rules in making business and managerial decisions. The Research Handbook of Finance and Sustainability will provide the readers but particularly investors, managers, and policymakers with comprehensive coverage of the issues at the crossroads of finance, ethics and sustainable development as well as proposed solutions, while focusing on three different levels: corporations, investment funds, and financial markets.

Author : Gerald P O'Driscoll Jr,Mario Rizzo
Publisher : Routledge
Page : 315 pages
File Size : 45,6 Mb
Release : 2014-12-05
Category : Business & Economics
ISBN : 9781317691365

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Austrian Economics Re-examined by Gerald P O'Driscoll Jr,Mario Rizzo Pdf

Austrian Economics Re-examined: The Economics of Time and Ignorance is an expanded version of the 1996 edition of The Economics of Time and Ignorance. This work is a classic statement of the role of subjectivism, radical uncertainty and change through real time in Austrian economics specifically, and in modern economics more generally. The new book contains the full text and Introductions of the earlier edition as well as the comprehensive previously-unpublished essay "What is Austrian Economics?" and a new Introduction. The essay is a comprehensive overview of the central themes of the book from a somewhat different perspective than in the book itself. It supplements the analysis in the book. The new Introduction explains that the 2007-8 financial crisis and recent developments in behavioural economics have made the book more relevant than ever before. Austrian Economic Re-examined develops and systematizes the fundamental principles of the Austrian tradition to the analysis of rational expectations, business cycles, monetary theory competition and monopoly, and capital theory. The Open Access version of this book, available at https://www.taylorfrancis.com/books/oa-edit/10.4324/9781315776736, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

Author : Anita De Franco
Publisher : Springer Nature
Page : 91 pages
File Size : 42,7 Mb
Release : 2021-12-03
Category : Science
ISBN : 9783030903671

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Abandonment as a Social Fact by Anita De Franco Pdf

This book provides a multidisciplinary approach for the study of the “abandonment” problem at the inter-section among urban studies, neo-institutionalist perspectives, and social ontology. An analytical framework (based on descriptive and operational issues, factors, reasons, policies) has been built to interpret the phenomenon of abandonment and possible ways of intervening. The work considers the Italian situation in general terms and examines the case study of Milan in depth. This case is interesting because it triggered public discussions on the problem of abandonment in a non-shrinking context. Moreover, recently, specific policies to cope with abandonment problem have been introduced. The purpose of the book is to show that the problem of the “abandonment” of urban buildings should be understood as a social fact and not as a brute fact. Thus, in this work the “abandoned” state of buildings is considered as not directly related to certain physical variables; rather, it entirely depends on human evaluations. Crucial information in this regard is how institutional frameworks (e.g. sets of rules of conduct) influence individual behaviour and actions through time. In this view, we may identify abandonment as a phenomenon intertwined with the actions of both private and public entities. The neo-institutional approach helps to highlight how the problem of abandonment is articulated with respect to property rights, formal constraints, reasons behind policy decisions, intervention strategies and implementations.

Author : Jörg Guido Hülsmann
Publisher : Ludwig von Mises Institute
Page : 465 pages
File Size : 55,9 Mb
Release : 2024-03-11
Category : Social Science
ISBN : 9781610167697

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Abundance, Generosity, and the State by Jörg Guido Hülsmann Pdf

Human action is usually driven by the desire to obtain more for less, and, ideally something for nothing. This has sometimes been called the economic principle. The wish to “get free stuff” pervades all times and places, all sectors of the economy, all ages, and all social backgrounds. The very selfishness for which the market economy is often chided is, at bottom, a universal quest to obtain goods for free. Jörg Guido Hülsmann sets out to explore the boundaries of this endeavor. He investigates the nature, forms, causes, and consequences of gratuitous goods and concludes that they thrive within a free economy. But generosity and gratuitous abundance tend to be undermined and reversed by central banking and the welfare state. Dr Hülsmann is a professor of economics at the University of Angers in France. He is also a Senior Fellow of the Mises Institute and a corresponding member of the Pontifical Academy for Life.

Author : Murray Rothbard
Publisher : Ludwig von Mises Institute
Page : 312 pages
File Size : 47,9 Mb
Release : 2009
Category : Electronic
ISBN : 9781610161657

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Review of Austrian Economics, Volume 6 by Murray Rothbard Pdf

Author : Walter E. Block
Publisher : Springer Nature
Page : 432 pages
File Size : 45,8 Mb
Release : 2019-11-04
Category : Law
ISBN : 9783030283537

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Property Rights by Walter E. Block Pdf

In this timely book, Walter E. Block uses classical liberal theory to defend private property rights. Looking at how free enterprise, capitalism and libertarianism are cornerstones of economically prosperous civilizations, Block highlights why private property rights are crucial. Discussing philosophy, libertarian property rights theory, reparations and other property rights issues, this volume is of interest to academics, students, journalists and all those interested in this integral aspect of political economic philosophy.

Author : Nicholas Mercuro,Steven G. Medema
Publisher : Princeton University Press
Page : 398 pages
File Size : 51,5 Mb
Release : 2020-07-21
Category : Business & Economics
ISBN : 9780691216010

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Economics and the Law by Nicholas Mercuro,Steven G. Medema Pdf

This is an expanded second edition of Nicholas Mercuro and Steven Medema's influential book Economics and the Law, whose publication in 1998 marked the most comprehensive overview of the various schools of thought in the burgeoning field of Law and Economics. Each of these competing yet complementary traditions has both redefined the study of law and exposed the key economic implications of the legal environment. The book remains true to the scope and aims of the first edition, but also takes account of the field's evolution. At the book's core is an expanded discussion of the Chicago school, Public Choice Theory, Institutional Law and Economics, and New Institutional Economics. A new chapter explores the Law and Economics literature on social norms, today an integral part of each of the schools of thought. The chapter on the New Haven and Modern Civic Republican approaches has likewise been expanded. These chapters are complemented by a discussion of the Austrian school of Law and Economics. Each chapter now includes an "At Work" section presenting applications of that particular school of thought. By providing readers with a concise, noncritical description of the broad contours of each school, this book illuminates the fundamental insights of a field with important implications not only for economics and the law, but also for political science, philosophy, public administration, and sociology.

Author : Marc Fleurbaey,Nicolas Gravel,Jean-François Laslier,Alain Trannoy
Publisher : Routledge
Page : 312 pages
File Size : 55,8 Mb
Release : 2002-01-22
Category : Business & Economics
ISBN : 9781134733576

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Freedom in Economics by Marc Fleurbaey,Nicolas Gravel,Jean-François Laslier,Alain Trannoy Pdf

This book presents a range of papers by philosophers and economists who consider the definition and value of liberty; freedom in rights and equality of opportunity. Until recently freedom has played no explicit role in the conceptual framework of economists, however freedom seems to be at the heart of economics. The book provides a substantial contribution to the fruitful dialogue between the philosophy and economics in this area. Each chapter is integrated being followed by comments which explore the underlying debates. Contributors are French economists, philosophers and political scientists, as well as authors from Belgium and the Netherlands.

Author : Thierry Aimar
Publisher : Edward Elgar Publishing
Page : 319 pages
File Size : 46,5 Mb
Release : 2014-05-14
Category : Business & Economics
ISBN : 9781781007815

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The Economics of Ignorance and Coordination by Thierry Aimar Pdf

This book clarifies the specific nature of the Austrian theory and restores the unity and open-mindedness of the Austrian school in general. The intention is not to offer a collection of different or parallel ideas, but rather to retrace, from a pedagogic