Calculation and Equilibrium Problems in the Coase Theorem
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.
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.
oth 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.
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,
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.
In recent years a new and powerful critique of our current criminal justice system has been advanced by advocates of a totally new approach to crim
In reviewing the contributions of Adam Smith to the growth of economics Hans Brems writes that “[m]uch of what Smith had to say had been said
In the pages of an obscure book first published in 1722, there lurks one of the finest essays on property rights ever penned.
The recent widely cited National Agricultural Lands Study (NALS) adds to the growing number of individuals and organizations holding the view that
Illegal activities in the private sector arise because the market mechanism is not allowed to perform its allocative functions.
The central ideas of contemporary libertarianism have taken many centuries to evolve.