Neste cenario, onde ha a tendencia para a errancia, para a aleatoriedade, para o acidente, para o mundo que se apresenta na sua materialidade caotica, como pensar a ideia de mise
In essence, then, Mises
is describing the difference between savings as they would take place in a barter economy (commodity credit) and (one of the ways of) financing, as it takes place in the money economy, where "circulation credit" can be extended at no cost and can finance investment in a way not related to real savings.
Eventually, indeed, this mise
en abyme generates plot.
The origin of money, then, cannot be explained with the same apodictic certainty that Mises
saw in the basic laws of economics.
Note the sentence in the previous quote by Mises
: "If it is possible to find within the margin between s+t and s a monopoly price, it becomes lucrative for the domestic enterprises to form a cartel" (1949, pp.
was an artillery officer in the Austro-Hungarian army, first on the Russian front and later on the Italian front, and at times he acted as an economic adviser to the War Ministry in Vienna.
380-91) goes on to note the wider significance of the calculation argument in the context of Mises
' work on money and value.
The purpose of this paper is to examine the singular nature of Mises
's theory of interest.
argued that government can't make accurate judgments in the complex human marketplace because government officials don't have the knowledge to make millions of economic decisions every day better than the consumers themselves: Starting from purely arbitrary assumptions concerning allegedly eternal and absolute values and perennial justice, they arrogate to themselves the office of the supreme judge of earthly affairs.
Eugen von Bohm-Bawerk, Mises
, and Friedrich Hayek would further develop these ideas.
Capital has also agreed to participate with its partners in the drilling of two additional wells on this block, which when completed will earn the company a 47.5 per cent average interest in the production.
Did the Theory of Market Socialism Answer the Challenge of Ludwig von Mises
? A Reinterpretation of the Socialist Controversy.