Tony Yu’s Firms, Strategies, and Economic Change joins a growing list of book-length treatments applying Austrian economics to the theory of the firm, corporate strategy, innovation, new venture formation, and other popular issues in management.
This paper deals with the recent empirical phenomenon of intra-industry trade, i.e., trade in similar goods between similar countries. It treats this phenomenon from the point of view of the theory
This paper reviews Austrian approaches to the firm and drafts a theory that emphasizes the firm as a market phenomenon. Here the firm is a vehicle for imaginative entrepreneurs to create artificially high factor density,
The differing attitudes of Plato and Rousseau toward specialization and the division of labor color their views on who should formulate policy on p
Economists have been relatively silent about the legislation from the 1930’s which supports unionism and collective bargaining in the United
This paper is an attempt to use what is essentially “public choice” analysis- which assumes that individuals will make “rational&
On college campuses across the country, there has been an escalating uproar concerning labor conditions in less economically developed regions of t
It is a rare individual who is able to draw from many disparate traditions in economic thought and combine these into a coherent research program.
This paper will explore in depth the issues raised in La Terra Trema (“The Earth Trembles,” 1948).
Fiscal policy means simply that the government steals the public’s assets (taxes them), and then either spends the money itself or donates the funds to others
