Mises Wire
Author:
Carmen Elena Dorobăț
Online Publish Date:
[This article is Part 4 of a series. See Part 1 and Part 2 and Part 3 .] Mises’s insight into the importance of Cantillon effects can be further extended to explain not only income and wealth inequalities among individuals (Part 2), or the reasons for the economic disparities among national economies around the globe (Part 3), but also some rather