Cantor’s Diagonal Argument: An Extension to the Socialist Calculation Debate
The standard view of the socialist calculation debate is that Mises and Hayek at best demonstrated the practical impossibility of socialist economy,
Calculation and Knowledge
Displaying 271 - 280 of 668
Central Planning’s Computation Problem
Friedrich Hayek and Ludwig von Mises demonstrated that central planners will be unable to manage an economy rationally due to the problems of dispersed knowledge and the impossibility of economic calculation
Pareto Optimality in Policy Espousal
The concepts of Pareto optimality and Pareto- optimal change continue appearing in academic discussions as supposed criteria of policy and keys to
Herbert Spencer’s Theory of Causation
This paper traces Spencer’s theory of causation through various disciplines, with special emphasis on Spencer’s “scientific”
Richard Cantillon—Banker and Economist
This paper by Antoin E. Murphy reviews Richard Cantillion’s life and works.
Volume 7, Number 2 (1985)
Applications of Austrian Economics to Business and Management
Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2014.
Careers for Austrians
A special lunchtime seminar. Recorded at the Mises Institute in Auburn, Alabama, on 22 July 2014.
Government Statistics
A private seminar for graduate students. Recorded at the Mises Institute in Auburn, Alabama, on 21 July 2014.
What Is the Rate of Return on the Louisiana Purchase?
The true benefits of the Louisiana and Alaska Purchases are less clear than their value to pro-government propaganda, writes David Howden and Danie
Why Timid Reforms of Central Banks Won’t Work
It is now clear that the Fed and the European Central Bank are hard-wired to inflate the money supply while encouraging banks to make excessively r
