Austrian economics

  The system of protection, as much as it forms the only means of placing those nations which are far behind in civilization on equal terms with the one predominating nation, appears to be the most efficient means of furthering the final union of nations, and hence also of promoting true freedom of trade. Friedrich […]

  This material was published as part of our “Publish with Us” series.  Abstract This article examines the economic costs of inflation from the perspective of the Austrian school of economics, emphasizing its redistributive effects, distortion of relative prices, and disruption of economic calculation. Inflation redistributes wealth, benefiting early recipients of new money while disadvantaging […]

  If it is the rule of the game that two persons may dispossess a third who must submit to being dispossessed, the rule is unjust. Anthony de Jasay Take Away Based on a solid epistemology, the main aim of Anthony de Jasay’s philosophical work was to reformulate political and economic liberalism. His writings offer […]

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