A Framework for Unraveling the Complexities of Entrepreneurial Systems
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FALL 2015 Journal of Austrian Economics
The VOL. 18 | NO. 3 | 294–310 QUArtERLY FALL 2015 JOURNAL of AUSTRIAN ECONOMICS PRAXEOLOGY OF COERCION: CATALLACTICS VS. CRATICS RAHIM TAGHIZADEGAN AND MARC-FELIX Otto ABSTRACT: Ludwig von Mises’s most important legacy is the foundation and analysis of catallactics, i.e. the economics of interpersonal exchange, as a sub-discipline of praxeology, the science of human action. In this paper, based both on Mises’s methodical framework and on insights by Tadeusz Kotarbinski and Max Weber, a “praxeology of coercion,” or, more precisely, an analysis of interpersonal actions involving threats, is developed. Our investigation yields both a reviewed taxonomy of human action and a first analysis of the elements of this theory, which we term cratics. This shall establish the basis for adjacent studies, furthering Mises’s project regarding the science of human action. KEYWORDS: Austrian school, praxeology, catallactics, coercion JEL CLASSIFICATION: B53 Rahim Taghizadegan ([email protected]) is director of the academic research institute Scholarium (scholarium.at) in Vienna, Austria, lecturer at several univer- sities and faculty member at the International Academy of Philosophy in Liech- tenstein. Marc-Felix Otto ([email protected]) is equity partner at the consulting firm The Advisory House in Zurich, Switzerland. Both authors would like to thank the research staff at the Scholarium for their help and input, in particular Johannes Leitner and Andreas M. Kramer. 294 Rahim Taghizadegan and Marc-Felix Otto: Praxeology Of Coercion… 295 INTRODUCTION he Austrian economist Ludwig von Mises intended to re-establish economics on a deductive basis, with the subjective Tvaluations, expectations, and goals of acting humans at the center, following the tradition of the “Austrian School” (see Mises, 1940 and 1962). -
Mises Research Report
CSSN Research Report 2021:2: The Mises Institute Network and Climate Policy. 9 Findings Policy Briefing July 2021 About the authors October, 2020. CSSN seeks to coordinate, conduct and support peer-reviewed research into the Dieter Plehwe is a Research Fellow at the Center for institutional and cultural dynamics of the political Civil Society Research at the Berlin Social Science conflict over climate change, and assist scholars in Center, Germany. Max Goldenbaum is a Student outreach to policymakers and the public. Assistant of the Center for Civil Society Research at the Berlin Social Science Center, Germany. Archana This report should be cited as: Ramanujam is a Graduate student in Sociology at Brown University, USA .Ruth McKie is a Senior Plehwe, Dieter, Max Goldenbaum, Archana Lecturer in Criminology at De Montfort University, Ramanujam, Ruth McKie, Jose Moreno, Kristoffer UK. Jose Moreno is a Predoctoral Fellow at Pompeu Ekberg, Galen Hall, Lucas Araldi, Jeremy Walker, Fabra University, Spain. Kristoffer Ekberg is a Robert Brulle, Moritz Neujeffski, Nick Graham, and Postdoctoral Historian at Chalmers University, Milan Hrubes. 2021. “The Mises Network and Sweden, Galen Hall is a recent graduate of Brown Climate Policy.” Policy Briefing, The Climate Social University and researcher in the Climate and Science Network. July 2021. Development Lab at Brown University, USA, Lucas https://www.cssn.org/ Araldi is a PhD student in Political Science at the Federal University of Rio Grande do Sul, Jeremy Walker is a researcher with the Climate Justice Research Centre at the University of Technology Sydney. Robert Brulle, Visiting Professor of Climate Social Science Network Environment and Society and Director of Research, Climate Social Science Network, Brown University. -
A Review of Neoliberalism and Educational
Running head: POLICIES AND PEOPLE Policies and People: A Review of Neoliberalism and Educational Technologies in P-12 Education Research Bradley Robinson1 University of Georgia Abstract Neoliberal discourses have come to exert a powerful influence on contemporary education policies and practices across the globe, often in the form of such market- based reform measures as standardized assessment regimes, charter schools, and voucher programs. There is concern among some scholars that such neoliberal reforms rely heavily on information and communications technologies for their propagation and maintenance under the guise of educational technologies, or ed- tech. The purpose of this literature review is to examine educational research on the role that information and communications technologies have played in the neoliberalization of education across the globe. In particular, I describe how researchers have made the concept of neoliberalism intelligible by deploying it as a phenomenon for inquiry in relation to educational technologies. I argue that future inquiry must substantiate the broad claims about the effects of neoliberalized educational technologies by engaging more directly with those most affected: teachers and students. Keywords: neoliberalism, educational technology, technology, P-12 education 1 Correspondence concerning this article should be addressed to Bradley Robinson, College of Education, University of Georgia, Athens, GA 30602. E-mail: [email protected] POLICIES AND PEOPLE Accountability regimes, value-added measures, school choice, vouchers—it is difficult to ignore the evidence of market-based rationalities in global discourses around education. Scholars have argued that the appearance of such rationalities within education policy, curricula, and assessment underscores the expansion of neoliberal ideologies and discourses across almost all spheres of life, including the family (e.g., Shannon, 2016), religion (e.g., Atia, 2012), and leisure (e.g., Rose & Spencer, 2016). -
Economic Calculation and the Limits of Organization
Economic Calculation and the Limits of Organization Peter G. Klein conomists have become increasingly frustrated with the text- book model of the firm. The "firm" of intermediate microeco- Enomics is a production function, a mysterious "black box" whose insides are off-limits to respectable economic theory (relegated instead to the lesser disciplines of management, organization theory, industrial psychology, and the like). Though useful in certain contexts, the textbook model has proven unable to account for a variety of real- world business practices: vertical and lateral integration, geographic and product-line diversification, franchising, long-term commercial contract- ing, transfer pricing, research joint ventures, and many others. As an al- ternative to viewing the firm as a production function, economists are turning to a new body ofliterature that views the firm as anorganization, itself worthy of economic analysis. This emerging literature is the best- developed part of what has come to be called the "new institutional eco- nomics."' The new perspective has deeply enhanced and enriched our un- derstanding of firms and other organizations, such that we can no longer agree with Ronald Coase's 1988 statement that "[wlhy firms exist, what determines the number of firms, what determines what firms do . are not questions of interest to most economists" (Coase 1988a, p. 5).The new theory is not without its critics; Richard Nelson (1991), for example, ob- jects that the new institutional economics tends to downplay discretion- ary differences among firms. Still, the new institutional economics-in particular, agency theory and transaction cost economics-has been *Peter G. Klein is assistant professor of economics at the University of Georgia. -
Nine Lives of Neoliberalism
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Plehwe, Dieter (Ed.); Slobodian, Quinn (Ed.); Mirowski, Philip (Ed.) Book — Published Version Nine Lives of Neoliberalism Provided in Cooperation with: WZB Berlin Social Science Center Suggested Citation: Plehwe, Dieter (Ed.); Slobodian, Quinn (Ed.); Mirowski, Philip (Ed.) (2020) : Nine Lives of Neoliberalism, ISBN 978-1-78873-255-0, Verso, London, New York, NY, https://www.versobooks.com/books/3075-nine-lives-of-neoliberalism This Version is available at: http://hdl.handle.net/10419/215796 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative -
Capitalism and Morality ______
Capitalism and Morality _________________________ “LUDWIG VON MISES ON PROFIT, LOSS, THE ENTREPRENEUR, AND CONSUMER SOVEREIGNTY” G. Stolyarov II The insights of Ludwig von Mises (1881-1973) into the function of real-world market processes help explain why, in seeking to serve their own interests, market entrepreneurs must abide by the wishes of consumers. Mises’s idea of consumer sovereignty clarifies the manner in which markets determine what is produced, and his analysis shows profits and losses to be dynamic, disequilibrium phenomena resulting from entrepreneurs’ attempts to adjust economic production to consumer demand. Mises uses his positive economics to refute fallacies concerning profit and loss—including the zero-sum and exploitative views of profit. Mises’s ideas were taken in new directions by Israel M. Kirzner, who originated the idea of entrepreneurial alertness and made a case for the necessity of profits as incentives for using entrepreneurial alertness to maximize consumers’ economic well-being. Capitalists, Entrepreneurs, and Capitalist-Entrepreneurs A discussion of Mises’s view of the market presupposes a classification of the various economic functions of agents in the marketplace. These economic functions can coincide in the same person, but they are distinct roles in the market process. Gains from the production process accrue in the form of payments to laborers who work on the process, capitalists whose capital goods are used in the process, and entrepreneurs who make the decision of what to produce and take the initiative to actually produce and market it. Sometimes the same person can perform all three functions. Mises writes, “The excess of gross receipts over expenditures which the classical economists called profit includes the price for the entrepeneur’s own labor employed in the process of production, interest on the capital invested, and finally entrepreneurial profit proper” (Mises 1949, p. -
Ludwig Von Mises' Praxeology As Seen from a Business Ethics Angle
Wojciech W. Gasparski Human Action As An Ultimate Given: Ludwig Von Mises’ Praxeology As Seen From A Business Ethics Angle Studia Humana nr 5, 3-14 2013 Studia Humana Volume 2:1 (2013), pp. 3—14 Human Action As An Ultimate Given: Ludwig Von Mises’ Praxeology As Seen From A Business Ethics Angle Wojciech W. Gasparski Business Ethics Centre 1, Ko źmi ński University, Warsaw, Poland e-mail: [email protected] Abstract: Ludwig von Mises (1881 -1973) was one of the two parallel followers of the Espinas ’, a French scholar, human action theory; the other was Tadeusz Kotarbi ński (1886 -1981). The former was the founder of the Austrian praxeology considered as the aprioristic logic of action, and the latter originated the Polish prax iology considered as general methodology , i.e. epistemology of practice or grammar of action. This paper is intended to characterize the Mises ’ approach, closely related to his experience; therefore a number of important facts from the life of the Austrian praxeologist, economist a nd economics philosopher is summarized in the first part of the essay. According to Mises praxeological laws apply to the regularity of phenomena due to the correlations between means and ends which restricts people’s freedom of choice and action. Other re strictions of action have their source in physical laws, to which humans must adjust their behavior if they want to live, and physiological laws, i.e. a set of constitutive qualities characteristic of each individual, defining that individual’s disposition and susceptibility to environmental. Mises presented his theory in the book Human Action: A Treatise on Economics , over nine hundred pages long opus magnum that comprises forty chapters. -
The Essential Rothbard
THE ESSENTIAL ROTHBARD THE ESSENTIAL ROTHBARD DAVID GORDON Ludwig von Mises Institute AUBURN, ALABAMA Copyright © 2007 Ludwig von Mises Institute All rights reserved. No part of this book may be reproduced in any man- ner whatsoever without written permission except in the case of reprints in the context of reviews. For information write the Ludwig von Mises Institute, 518 West Magnolia Avenue, Auburn, Alabama 36832 U.S.A.; www.mises.org. ISBN: 10 digit: 1-933550-10-4 ISBN: 13 digit: 978-1-933550-10-7 CONTENTS Introduction . 7 The Early Years—Becoming a Libertarian . 9 Man, Economy, and State: Rothbard’s Treatise on Economic Theory . 14 Power and Market: The Final Part of Rothbard’s Treatise . 22 More Advances in Economic Theory: The Logic of Action . 26 Rothbard on Money: The Vindication of Gold . 36 Austrian Economic History . 41 A Rothbardian View of American History . 55 The Unknown Rothbard: Unpublished Papers . 63 Rothbard’s System of Ethics . 87 Politics in Theory and Practice . 94 Rothbard on Current Economic Issues . 109 Rothbard’s Last Scholarly Triumph . 113 Followers and Influence . 122 Bibliography . 125 Index . 179 5 INTRODUCTION urray N. Rothbard, a scholar of extraordinary range, made major contributions to economics, history, politi- Mcal philosophy, and legal theory. He developed and extended the Austrian economics of Ludwig von Mises, in whose seminar he was a main participant for many years. He established himself as the principal Austrian theorist in the latter half of the twentieth century and applied Austrian analysis to topics such as the Great Depression of 1929 and the history of American bank- ing. -
A Roundabout Approach to Macroeconomics 2
A Roundabout Approach to Macroeconomics 2 another matter. Here, the time element is a debilitating problem: These expectations, if you can call them that, are baseless. The future is shrouded in an impenetrable fog of uncertainty, leaving the current level of investment spending to be determined by unruly psychological factors—Keynes’s infamous “animal spirits.” The resultant circular flow will gush and ebb and even on average may not entail enough flow to fully employ the labor force. The circular-flow framework, exercised in both its short-run and long-run modes, seems to me to be exactly the wrong framework for understanding and dealing with the A Roundabout Approach to Macroeconomics: time element in macroeconomics. Identifying the polar cases of “no problem” and Some Autobiographical Reflections* “debilitating problem” doesn’t get us any closer to a solution to all those intermediate cases lying between the poles. The tell-tale feature that inevitably characterizes this framework has been recognized in recent years by Robert Solow (1997)—namely the Roger W. Garrison** lack of any “real coupling” (Solow’s term) between the short run and the long run. In Solow’s reckoning, the two runs simply divide our discipline’s subject matter into (1) the problem of maintaining full employment of existing resources and (2) the I. Introduction: Setting the Stage determinants of economic growth. “Roundaboutness” is a concept featured in Austrian capital theory. Homely stories A viable alternative to the Keynesian circular flow framework is the Austrian about the bare-handed catching of fish are a prelude to a discussion of the economy’s means-ends framework. -
Remembering Henry Hazlitt by Bettina Bien Greaves
Ideas On Liberty NOVEMBER 2004 Remembering Henry Hazlitt by Bettina Bien Greaves enry Hazlitt was one of a very special his mother remarried, the family moved to breed, an economic journalist who not Brooklyn, where he went to the public only reported on economic and politi- schools. After high school, he enrolled at Hcal events in clear and understandable New York City’s free-tuition City College. language, but also made contributions to But his stepfather died, and he had to drop economics. out of college after a few months to work When I arrived at FEE in 1951, I was just and support his widowed mother. Yet, as a neophyte in the freedom philosophy. Hazlitt wrote later, his short time at college Hazlitt was a trustee, author of the best- “had a greater influence than may at first selling Economics in One Lesson, and for sight be supposed, not as much from the several years an editor of the fortnightly knowledge gained there, as from the free-market-oriented news-commentary mag- increased consciousness of the knowledge azine, The Freeman, predecessor of FEE’s which I still had to gain and the consequent The Freeman: Ideas on Liberty. ambition to attain it.”1 He became deter- But he was easy to approach; his manner mined to learn. was pleasant, not aloof or overbearing. He Books became Hazlitt’s university. He was of average height. His features were reg- embarked on a self-imposed home-study ular, and he wore a mustache. He dressed course, reading and writing prodigiously. He appropriately for a journalist working in read college texts, browsed in libraries, and midtown Manhattan in his day—in suit and studied shorthand and typing. -
Ludwig Von Mises's Praxeology As the Foundation of Christian Economic Personalism
STUDIES IN LOGIC, GRAMMAR AND RHETORIC 57 (70) 2019 DOI: 10.2478/slgr-2019-0001 Jacek Gniadek SVD Society of the Divine Word e-mail: [email protected] LUDWIG VON MISES’S PRAXEOLOGY AS THE FOUNDATION OF CHRISTIAN ECONOMIC PERSONALISM Abstract. What can an economist and agnostic tell a theologian about man? In contrast to mainstream economics, which today dominate all universities in the world, Ludwig von Mises (+1973) is interested in real man in action, not a fictitious homo oeconomicus. At one time Gregory M. A. Gronbacher (1998), an American philosopher, proposed a synthesis of Christian personalism with the free market economy developed by the Austrian School of Economics. His idea prompted me to use Mises’s praxeology to understand and describe human action in the socio-economic sphere from the perspective of Catholic Social Teaching. At that time I understood how important were economic laws for the proper moral evaluation of human action. Mises in his treaty on economics Human Action developed his own anthro- pological concept of man. The Austrian economist never used the expression “person” to describe and analyze human action, but analyzing his economic system I was able to discover that he did not understand the free market econ- omy as an abstract being composed of mechanical elements. According to him, the prerequisite for human activity is the desire to replace a less satisfactory state of affairs with a more satisfying one. Mises’s man is guided by his own scale of values and builds it up on the basis of a goal he freely chooses. -
Hayek's Transformation
History of Political Economy 20:4 0 1988 by Duke University Press CCC 00 18-2702/88/$1.50 Hayek’s transformation Bruce 1. Catdwell Though at one time a very pure and narrow economic theorist, I was led from technical economics into all kinds of questions usually regarded as philosophical. When I look back, it seems to have all begun, nearly thirty years ago, with an essay on “Economics and Knowledge” in which I examined what seemed to me some of the central difficulties of pure economic theory. Its main conclusion was that the task of economic theory was to explain how an overall order of economic activity was achieved which utilized a large amount of knowl- edge which was not concentrated in any one mind but existed only as the separate knowledge of thousands or millions of different individuals. But it was still a long way from this to an adequate insight into the relations between the abstract overall order which is formed as a result of his responding, within the limits imposed upon him by those abstract rules, to the concrete particular circumstances which he encounters. It was only through a re-examination of the age-old concept of freedom under the law, the basic conception of traditional liber- alism, and of the problems of the philosophy of the law which this raises, that I have reached what now seems to be a tolerably clear picture of the nature of the sponta- neous order of which liberal economists have so long been talking. -FRIEDRICHA. HAYEK(1967,91-92) I.