The Monetary Approach to the Balance of Payments
Mises grounds his balance-of-payments analysis on the insight that it is a monetary concept.
Mises grounds his balance-of-payments analysis on the insight that it is a monetary concept.
This article discusses the complementarities between New Institutional Economics and Austrian economics, which can advance our understanding of the relationship between institutions and entrepreneurship.
This article theoretically refines and empirically extends the subjectivist approach to team entrepreneurship, finding that positive internal and external team dynamics contribute to team effectiveness.
Interpersonal utility can't be measured. After all, if you can't measure a single person's utility, it makes no sense at all to measure one person's utility against that of another.
Contra Marx, Mises understood that human desires and needs are not determined merely by biology.
Contra Marx, Mises understood that human desires and needs are not determined merely by biology.
Mises thought that social cooperation through the free market resulted in peace and prosperity, regardless of whether people or societies accepted this or not.
Some people use the concept of negative externalities to argue for government to force people toward "what is best for them." An example of this is the call for a consumption tax.