ABSTRACT: Murray Rothbard developed the concept of decision-making rent as a return to a kind of unhirable labor performed by the entrepreneur in his role as owner and ultimate decision-maker of the firm. Rothbard conceived owner’s rent as separate from profit and loss and the decision-making function as concerned with productive organization and
ABSTRACT: Whenever risk managers are confronted with deep uncertainty and organized complexity, probabilistic inference methods which claim crisp inputs and precise results cannot be used effectively. This is a thesis of this paper which we derive from a systemic viewpoint and discuss in the context of praxeology. More specifically, our
ABSTRACT: Hoffmann (2018) attempts to reconstruct a typology of risks deemed more accurate and useful to both economists and risk managers than currently received views on the subject within mainstream economics/finance and Austrian economics. This comment argues that his criticisms of the Misesian approach and his case for an alternative are
CALL FOR PAPERS Special Issue of The Quarterly Journal of Austrian Economics : AUSTRIAN ENTREPRENEURSHIP THEORY Submission window : March 15 – April 15, 2020 Guest editor : Per Bylund, School of Entrepreneurship, Oklahoma State University Overview Austrian economics is a widely respected body of theory in management broadly (e.g., Jacobson, 1992)
RESUMEN : Siempre que los gestores de riesgos se enfrentan a una profunda incertidumbre y a una complejidad organizada, los métodos de inferencia probabilística que exigen entradas sólidas y resultados precisos no pueden utilizarse de manera eficaz. Esta es una tesis de este artículo que derivamos desde un punto de vista sistémico y que discutimos
CONVOCATORIA DE PONENCIAS Número especial de The Quarterly Journal of Austrian Economics : TEORÍA AUSTRIACA DEL EMPRENDIMIENTO Ventana de envío : 15 de marzo - 15 de abril de 2020 Editor invitado : Per Bylund, Escuela del Emprendimiento, Universidad Estatal de Oklahoma Panorama general La economía austriaca es un cuerpo de teoría ampliamente
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.