Man, Economy, and State with Power and Market

Man, Economy, and State with Power and Market
Author: Murray N. Rothbard
Publisher: Bubok
Total Pages: 1506
Release: 2012-10-23
Genre: Business & Economics
ISBN: 846862893X

The era of modern economics emerged with the publication of Carl Menger?s seminal work, Principles of Economics, in 1871. In this slim book, Menger set forth the correct approach to theoretical research in economics and elaborated some of its immediate implications. In particular, Menger sought to identify the causal laws determining the prices that he observed being paid daily in actual markets.4 His stated goal was to formulate a realistic price theory that would provide an integrated explanation of the formation of market phenomena valid for all times and places.5 Menger?s investigations led him to the discovery that all market prices, wage rates, rents, and interest rates could ultimately be traced back to the choices and actions of consumers striving to satisfy their most important wants by ?economizing? scarce means or ?economic goods.? Thus, for Menger, all prices, rents, wage, and interest rates were the outcome of the value judgments of individual consumers who chose between concrete units of different goods according to their subjective values or ?marginal utilities? to use the term coined by his student Friedrich Wieser. With this insight was born modern economics.

Human Action

Human Action
Author: Ludwig Von Mises
Publisher:
Total Pages: 908
Release: 2021-10-08
Genre:
ISBN: 9781684226061

2021 Hardcover Reprint of the 1949 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. "Human Action: A Treatise on Economics" is the first comprehensive treatise on economics written by a leading member of the modern Austrian school of economics. Von Mises' contribution was very simple, yet at the same time extremely profound: he pointed out that the whole economy is the result of what individuals do. Individuals act, choose, cooperate, compete, and trade with one another. In this way Mises explained how complex market phenomena develop. Mises did not simply describe economic phenomena - prices, wages, interest rates, money, monopoly and even the trade cycle - he explained them as the outcomes of countless conscious, purposeful actions, choices, and preferences of individuals, each of whom was trying as best as he or she could under the circumstances to attain various wants and ends and to avoid undesired consequences. Hence the title Mises chose for his economic treatise, "Human Action."

Bureaucracy

Bureaucracy
Author: Ludwig Von Mises
Publisher: Dead Authors Society
Total Pages: 136
Release: 2017-04-25
Genre:
ISBN: 9781773230467

Author Ludwig von Mises was concerned with the spread of socialist ideals and the increasing bureaucratization of economic life. While he does not deny the necessity of certain bureaucratic structures for the smooth operation of any civilized state, he disagrees with the extent to which it has come to dominate the public life of European countries and the United States. The author's purpose is to demonstrate that the negative aspects of bureaucracy are not so much a result of bad policies or corruption as the public tends to think but are the bureaucratic structures due to the very tasks these structures have to deal with. The main body of the book is therefore devoted to a comparison between private enterprise on the one hand and bureaucratic agencies/public enterprise on the other.

Wisdom in the Context of Globalization and Civilization

Wisdom in the Context of Globalization and Civilization
Author: Henryk Krawczyk
Publisher: Cambridge Scholars Publishing
Total Pages: 350
Release: 2019-11-26
Genre: Social Science
ISBN: 1527544001

What happens when our developed knowledge does not support human activities in politics, economy, culture, and infrastructure today? The solution lies in knowing what wisdom is and willingly applying it to most of humanity’s activities, transforming a chaotic civilization into a wise one. A merely knowledge-rich society cannot sustain its civilization without being wise and willing to learn and apply this essential human virtue in practice. This book investigates the issues of human cognition with regards to current issues surrounding globalization and civilization in such a way as to define wisdom not only as an art, but as a science too. Its investigation emphasises the learning of wisdom at schools and colleges, and stresses that its application in practice should be as commonplace as arithmetic.

Information Systems: The Connection Of People And Resources For Innovation - A Textbook

Information Systems: The Connection Of People And Resources For Innovation - A Textbook
Author: Cheng K Hsu
Publisher: World Scientific Publishing Company
Total Pages: 361
Release: 2013-01-25
Genre: Business & Economics
ISBN: 9814513075

This unique new textbook on Information Systems (IS) provides an answer to a few basic questions in the field: What is the scientific nature of IS? How do we design IS in today's connected world? What is the relationship between IS and innovation in knowledge economies? Whereas mainframe corporate computers tended to dominate the thinking in the 1980s, the dominating factor today is personal digital devices that connect the world as one whole IS. Network science is emerging to describe these digital connections (e.g., social networking), and service science is similarly emerging to describe service value networks.This book therefore synthesizes the emerging network science and service science with the classic IS theory, resulting in a new set of principles for IS strategic planning. It also reviews the standard IS topics of system analysis and database design, covering the whole spectrum of databases and all the major methods and techniques of database design. The role of IS as a technological innovation in the knowledge economy is also analyzed. In doing so, new concepts such as basic values of IS, systems of IS, sustainability of IS, IS as a service system, IS as a human value network, and the hyper-network model for innovation by IS, are developed.

Philosophers of Capitalism

Philosophers of Capitalism
Author: Edward Wayne Younkins
Publisher: Lexington Books
Total Pages: 404
Release: 2005
Genre: Biography & Autobiography
ISBN: 9780739110775

Philosophers of Capitalism provides an interdisciplinary approach, attempting to discover the feasibility of an integration of Austrian Economics and Ayn Rand's philosophy of Objectivism. In the first section of the book, Edward W. Younkins supplies essays presenting the essential ideas of Carl Menger, Ludwig von Mises, and Ayn Rand. Building upon these essential ideas, the second portion of the book brings together scholarly perspectives from top academics, analyzing Menger, von Mises, and Rand. The third and final section of the book looks toward the future and the possibility of combining and extending the insights of these champions of a free society, emphasizing how the errors, omissions, and oversights made by one theorist can effectively be negated or compensated for by integrating insights from one or more of the others. Featuring a list of recommended reading for the major ideas and theorists discussed, Philosophers of Capitalism is an essential book for both philosophers and economists.

The Fed at One Hundred

The Fed at One Hundred
Author: David Howden
Publisher: Springer
Total Pages: 176
Release: 2014-07-21
Genre: Business & Economics
ISBN: 3319062158

One hundred years after its foundation, the Federal Reserve has been entrusted with an enormous expansion in its operating powers for the sake of reviving a sluggish economy during the financial crisis. The aim of the present volume is to present a thorough and fundamental analysis of the Fed in the recent past, as well as over the entire course of its history. In evaluating the origin, structure and performance of the Fed, the contributors to this volume critically apply the principles of Austrian monetary and business-cycle theory. It is argued that the Fed has done harm to the U.S. and increasingly, the global economy by committing two types of errors: theoretical errors stemming from an incorrect understanding of the optimal monetary system, and historical errors, found in episodes in which the Fed instigated an economic downturn or hindered a budding recovery. The book contains not only a critical analysis of the activities of the Fed over its history, but also a road map with directions for the future.