Efficiency and Externalities in an Open Ended Universe is popular PDF and ePub book, written by Roy Cordato in 2007, it is a fantastic choice for those who relish reading online the Austrian school of economics genre. Let's immerse ourselves in this engaging Austrian school of economics book by exploring the summary and details provided below. Remember, Efficiency and Externalities in an Open Ended Universe can be Read Online from any device for your convenience.
Efficiency and Externalities in an Open Ended Universe Book PDF Summary
"The problem of externalities and efficiency is cited relentlessly in mainstream literature as the great rationale for government intervention. The Austrian School, however, rooted in an understanding of the competitive process, takes another approach: viewing these supposed problems as having market-based solutions. In Efficiency and Externalities in an Open-Ended Universe, author Roy Cordato elucidates the Austrian view and expands it. He relies strongly on the work of Murray Rothbard and Israel Kirzner to address the modern arguments, showing that there is no standard by which we can judge efficiency apart from the market standard, and no way to adjudicate property rights apart from exchange relationships. This is an important contribution to Austrian literature, the most thorough and extensive study on a topic that is generally treated as a blank check for government to run roughshod over market institutions. No serious student of the market process can afford not to absorb the analytics and lessons of this book." -- from Mises Institute website
Detail Book of Efficiency and Externalities in an Open Ended Universe PDF
- Author : Roy Cordato
- Release : 01 October 2024
- Publisher : Ludwig von Mises Institute
- ISBN : 9781610164634
- Genre : Austrian school of economics
- Total Page : 164 pages
- Language : English
- PDF File Size : 20,9 Mb
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