Quarterly Journal of Austrian Economics 22, no. 2 (Summer 2019) full issue. ABSTRACT: One of the fundamental conditions for overcoming the economic disaster in Venezuela and being sure that a new government could not snatch away economic freedom again, is the desocialization of the economy. Following Rothbard (1992), we propose one of the required
Volume 2, No. 3 (Fall 1999) This book is a thorough, lively, and almost encyclopedic defense of private-property rights. In this benighted age, there are not too many of those around. Ranging far and wide, Bethell shows the benefits of private property throughout history and in virtually every corner of the globe. He demonstrates how the
Volume 3, No. 1 (Spring 2000) As I see matters, private-property rights are of crucial importance to civilization. They are what distinguishes us from the barbarians. To the extent we give in to the enemies of property rights, we reduce ourselves. Yet private property rights have always been under furious attack, and continue to be so.
Volume 7, No. 4 (Winter 2004) Both the establishment of property rights and their violation spring from actions: acts of appropriation and expropriation. However, in addition to a physical appearance, actions also have an internal, subjective aspect. This aspect cannot be observed by our sense organs. Instead, it must be ascertained by means
Volume 7, No. 4 (Winter 2004) Court decisions and legislation have a profound impact on the economy because they define and modify property rights. Economists have therefore always been interested in analyzing this impact. In the present work, we will deliver a critique of Coase’s approach and then outline an alternative approach to the
Volume 10, No. 1 (Spring 2007) Time preference, one of the fundamental concepts of economics, is the ratio between the present values of present and future goods. Mises (1949) holds that time preference is the only reason interest is paid on loans, calling the pure time preference component originary interest. Empirically observable interest
Volume 13, Number 2 (Summer 2010) Changes in ownership titles are essential to understanding competitive dynamics and, more broadly, the market process. There is ample evidence that a crucial source of productivity growth, and hence well-being, is due to the reallocation of inputs and outputs from less to the more productive firms. Furthermore,
Volume 13, No. 4 (Winter 2010) In Who Owns the Sky? The Struggle to Control Airspace from the Wright Brothers On , UCLA law professor Stuart Banner examines how the United States moved from the ad coelom rule to the current regime, under which landowners have no right to the sky above them, anyone (with government permission) can fly most
Volume 14, Number 1 (Spring 2011) To analyze the feasibility of applying the Coase Theorem, this article uses two traditional arguments, economic calculation and non-neutral effects, found in the Austrian literature. This article argues that the efficiency calculation a judge undertakes is problematic and that his decision should not be
Quarterly Journal of Austrian Economics 20, no. 1 (Spring 2017) [ Water Capitalism: The Case for Privatizing Oceans, Rivers, Lakes, and Aquifers by Walter E. Block and Peter L. Nelson] This collaboration between Block (free-market economist) and Nelson (free-market engineer) offers a little bit of anarcho-free-market- everything with which to
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.