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Mensch, Wirtschaft und Staat II

1962

by Rothbard

Austrian SchoolMises InstituteMurray RothbardCapital TheoryEntrepreneurshipInterventionismKeynesian EconomicsPraxeologyProperty RightsTaxationWelfare EconomicsFrank KnightFriedrich A. HayekInterest RatesLudwig von MisesRoundabout ProductionTime PreferenceUncertaintyWagesGround RentProfit and LossCapital ConsumptionStationary EconomyCapital AccumulationCapital StructureEugen von Bohm-BawerkInnovationJoseph SchumpeterInsuranceCapital GoodsPrice TheorySlaveryDavid RicardoDiminishing ReturnsDivision of LaborLeon WalrasVilfredo ParetoCatallacticsTrade UnionsConsumer SovereigntyLabor MarketProductivityLabor MobilitySocialismUnemploymentGeorge StiglerLausanne SchoolOpportunity CostEconomies of ScaleEconomic CalculationLionel RobbinsGottfried HaberlerInternational TradeProduction CostsRaw MaterialsInvestmentLudwig M. LachmannCapitalismCoercionMonopolyCartelsCompetitionThorstein VeblenMarket StructureLiberalismPlanned EconomyJoan RobinsonMonopolistic CompetitionPrice FormationElasticity of DemandNeoclassical EconomicsZurechnungPerfect CompetitionSupply and DemandCollective BargainingMinimum WageBusiness CyclesOligopolyRicardo EffectSpeculationFritz MachlupLegal TheoryMonetary TheoryPurchasing PowerIrving FisherLiquidityMarginal UtilityMonetary EquilibriumMoney SupplyQuantity Theory of MoneyDavid HumeInflationEffective DemandHoardingJohn Maynard KeynesWage RigidityInterest TheoryNatural Rate of InterestDeflationExpectationsBankingCommodity MoneyFiduciary MediaFree BankingGold StandardMilton FriedmanWilliam Stanley JevonsExchange RatesBalance of PaymentsBimetallismMethodological IndividualismHuman ActionPrice LevelVelocity of CirculationUtilityStabilizationBusiness Cycle TheoryCredit ExpansionArthur Cecil PigouMacroeconomicsAcceleration PrincipleAlvin HansenMathematical EconomicsDeficit SpendingHenry HazlittFixed CapitalSpontaneous OrderPrice ControlsClass StruggleFranz OppenheimerMarket ProcessEquilibriumGresham's LawProtectionismBureaucracyPublic FinanceChicago SchoolIncome DistributionAdam SmithProgressive TaxationFriedrich von WieserNational IncomeSubsidiesResource AllocationInfrastructureForced SavingSocial PolicyWelfare StateTotalitarianismEconomic DevelopmentMalinvestmentHistorical SchoolJohn Kenneth GalbraithPublic GoodsBoom and BustKnut WicksellUnderconsumptionCentral BankingDiscount RateFiat MoneyLegal TenderOpen Market OperationsExploitationExternalitiesPaul Samuelson

Table of Contents · 120 segments

1
Front Matter and Publication Metadataessay
2
Contents for Volumes 1–3essay
3
Production: Entrepreneurship, Profit and Loss, and Net Investmentchapter
4
Capital Values and Aggregate Profits in a Changing Economychapter
5
Capital Values, Aggregate Profits, and Capital Consumptiontheoretical
6
Capital Accumulation, Production Length, and the Adoption of New Techniquestheoretical
7
Beneficiaries of Investive Saving and the Pure Interest Rate in a Progressive Economytheoretical
8
The Entrepreneurial Component in the Market Interest Ratetheoretical
9
Risk, Uncertainty, and Insurancetheoretical
10
Production, Factor Prices, Rent, Labor, and Landchapter
11
Factor Supply, Population, Land, Labor, and Renttheoretical
12
The Nature of Labor and the Labor-Management Distinctiontheoretical
13
The Supply of Land, Land Rent, and Speculationtheoretical
14
Labor Supply, Leisure, Psychic Wages, and Wage Differentialstheoretical
15
Productivity, Marginal Productivity, and Interconnected Labor Marketstheoretical
16
Total Wages, Direct Wages, and the Problem of Unemploymenttheoretical
17
Entrepreneurship, Income, and Costs to the Firmtheoretical
18
Critique of Cost-Curve Analysis and the Costs of the Firmtheoretical
19
Business Income, Owner Decision Rents, and Entrepreneurial Losstheoretical
20
Personal Consumer Services and Direct Labortheoretical
21
Market Calculation and Implicit Incomestheoretical
22
Vertical Integration, Firm Size, and the Calculation Problemtheoretical
23
Location Economics, Spatial Relations, and International Tradetheoretical
24
Economics of Location, Freight Costs, and Delivered Pricestheoretical
25
The Fallacy of Treating Distribution Apart from Productiontheoretical
26
Summary of the Free Market Systemtheoretical
27
Consumer Sovereignty versus Individual Sovereigntytheoretical
28
Professor Hutt and the Problem of Consumer Sovereigntytheoretical
29
Cartels and Monopoly Pricetheoretical
30
Cartels, Mergers, and Corporationstheoretical
31
Economics, Technology, and the Size of the Firmtheoretical
32
Cartel Restrictions and the Initial Argument for Cartel Instabilitytheoretical
33
Cartel Collapse, External Entry, and the Opening Free-Competition Objectiontheoretical
34
Free Competition, Freedom, Entry Barriers, and Voluntary Cartelstheoretical
35
The Problem of a Grand Cartel and the Transition to Monopoly-Price Theorytheoretical
36
Definitions of Monopoly: Price Control, Sole Seller, State Privilege, and Monopoly Pricetheoretical
37
The Neoclassical Theory of Monopoly Pricetheoretical
38
Consequences of Monopoly-Price Theory: Competition and Demand Elasticitytheoretical
39
Monopoly Profit, Factor Income, and the Impossibility of Universal Monopoly Pricestheoretical
40
Conclusion on the Impossibility of Economy-Wide Monopoly Pricestheoretical
41
Predatory Competition and the Impossibility of Profitable Predatory Pricingtheoretical
42
The Illusion of Monopoly Price on the Unhampered Markettheoretical
43
Location Monopoly and the Economic Meaning of Placetheoretical
44
Natural Monopoly, Public Utilities, and Market Pricestheoretical
45
Labor Unions and Restrictive Wage Settingtheoretical
46
Trade Unions, Restrictive Wages, and the Indeterminacy Defensetheoretical
47
Monopsony and Oligopsony as Union Defensestheoretical
48
Efficiency, the Ricardo Effect, and the Critique of Monopolistic Competitiontheoretical
49
Selling Costs, Advertising, and the Opening of Multiple Pricestheoretical
50
Multiform Prices, Price Discrimination, and Monopoly: Conclusiontheoretical
51
Patents and Copyrightstheoretical
52
Money and Its Purchasing Power: Introductionchapter
53
The Money Relation: Demand for and Supply of Moneytheoretical
54
Changes in the Money Relationtheoretical
55
Utility of the Money Stocktheoretical
56
The Demand for Money: Cash Balances, Speculation, and Clearingtheoretical
57
Clearing of Money Debts and Reduced Cash Demandtheoretical
58
The Alleged Unlimited Demand for Moneytheoretical
59
Purchasing Power, Interest, Hoarding, and Keynesian Unemploymenttheoretical
60
Critique of Keynesian Liquidity Preferencetheoretical
61
Purchasing Power and Terms-of-Trade Components of Interesttheoretical
62
Money Supply, Commodity Money, Private Coinage, and Money Warehousingtheoretical
63
Money Supply, Bank Reserves, and Distributional Effects of Money Changestheoretical
64
Goods-Side and Money-Side Determination of Pricestheoretical
65
Uniformity of the Local Purchasing Power of Moneytheoretical
66
Clearing in Trade Between Two Locationstheoretical
67
Balance of Payments and the Fallacies of National Aggregatestheoretical
68
Quasi-Money, Bills of Exchange, and Exchange Rates Among Coexisting Moniestheoretical
69
Beginning of the Critique of Fisher’s Quantity Equationtheoretical
70
The Fallacy of the Equation of Exchangetheoretical
71
The Fallacy of Measuring the Purchasing Power of Moneytheoretical
72
The Fallacy of Stabilizing the Purchasing Power of Moneytheoretical
73
Business Fluctuations and the Problem of the Business Cycletheoretical
74
Schumpeter’s Theory of Business Cyclestheoretical
75
Further Errors of the Keynesian System: Introduction and Opening of the Interest-Investment Critiquetheoretical
76
Displaced Footnote on Innovation, R&D, and Entrepreneurial Profitfootnotes
77
Interest and Investment in Keynesian Theory: Time Preference Critiquetheoretical
78
The Keynesian Consumption Function: Initial Statementtheoretical
79
Footnote on the Acceleration Principle and Hansen’s Stagnation Thesisfootnotes
80
The Keynesian Consumption Function: Figure, Budget Studies, and Statistical Critiquetheoretical
81
Critique of the Keynesian Consumption Function, Continuedtheoretical
82
The Multiplier as a Reductio of Keynesian Aggregatestheoretical
83
The Fallacy of the Acceleration Principletheoretical
84
Introduction to the Economics of Violent Interventionchapter
85
Typology of Market Interventionstheoretical
86
Direct Effects of Intervention on Utilitytheoretical
87
Ex Post Utility: Free Market versus Statetheoretical
88
Triangular Intervention: Price Controltheoretical
89
Price Control: Ceilings, Floors, Wages, and Gresham's Lawtheoretical
90
Triangular Intervention: Product Control and Monopoly Privilegetheoretical
91
Binary Intervention: Opening of the Government Budget Analysistheoretical
92
Footnote Continuation on Labor Privileges and Restrictive Pricesfootnotes
93
Government Budget: Tax-and-Spending Burden and Redistributiontheoretical
94
Attempts at Neutral Taxationtheoretical
95
Taxation: Neutral Taxation, Progressive Taxation, and Excess Profits Taxtheoretical
96
Tax Shifting and Incidence: Taxation of an Industrytheoretical
97
Tax Shifting and Incidence: General Sales Taxtheoretical
98
Property Tax, the Single Tax, and Taxing Surplus Purchasing Powertheoretical
99
Government Expenditures: Productive Contribution, Subsidies, and Resource-Consuming Serviceschapter
100
The Fallacy of Government as Entrepreneurtheoretical
101
State Monopolies and Calculational Chaostheoretical
102
Conflict and Commanding Powertheoretical
103
Fallacies of Public Ownershiptheoretical
104
Pension Insurancetheoretical
105
Socialism and Central Planningtheoretical
106
The Problem of Growththeoretical
107
John Kenneth Galbraith and the Sin of Affluencetheoretical
108
Growth, Wealth, and the State: Critique of Galbraith’s Affluent Society Continuedtheoretical
109
Inflation and Credit Expansiontheoretical
110
Credit Expansion and the Business Cycletheoretical
111
Secondary Developments in the Business Cycletheoretical
112
Deflation, Austrian Business Cycle Theory, and Full Employment Objectionstheoretical
113
Limits of Bank Credit Expansiontheoretical
114
Government Promotion of Credit Expansiontheoretical
115
The Ultimate Limit: The Crack-Up Boomtheoretical
116
Inflation and Compensatory Fiscal Policytheoretical
117
Conclusion: The Free Market and Coercionchapter
118
Appendix A: Government Borrowingessay
119
Appendix B: Collective Goods and External Effectsessay
120
Collective Goods and External Effects: Free Riding, Unearned Increment, and Subsidiestheoretical