Mises and his understanding of the capitalist system
Article Abstract:
Ludwig von Mises felt market prices attained an equilibrium of supply and demand that would be upset by government interference. One implication of this position is that the best entrepreneurial efforts in an unhampered market are attempting to correct discrepancies between consumer preferences and satisfying those needs.
Publication Name: The Cato Journal
Subject: Political science
ISSN: 0273-3072
Year: 1999
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Mises, monopoly, and the market process
Article Abstract:
Ludwig von Mises felt the monopoly power of a company was balanced by the government's ability to curtail output and prevent the monopoly from forming. Mises characterized monopolies as insufficiently robust as compared to entrepreneurial activity.
Publication Name: The Cato Journal
Subject: Political science
ISSN: 0273-3072
Year: 1999
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Ludwig von Mises and price indexes
Article Abstract:
Ludwig von Mises linked his view of free banking to a gold standard as a corrective for inflation. Mises felt price indexes were tools only trustworthy in the hands of trained economists, yet this weakened his arguments for a gold standard.
Publication Name: The Cato Journal
Subject: Political science
ISSN: 0273-3072
Year: 1999
User Contributions:
Comment about this article or add new information about this topic: