Conservapedia - User contributions [en]

Anarcho-capitalism

2008-06-01T22:11:07Z

Morty:

'''Anarcho-capitalism''' is the belief that the [[free market|marketplace]] can be used to replace the functions of [[government]] and that [[capitalism]] without a [[government|territorial monopoly of ultimate decision-making]] is both economically more efficient and morally superior. The idea is that supply, demand and competition would keep corporations from acting unethically or harming others.

Critics believe that state intervention is needed to prevent [[monopoly]]. In response, anarcho-capitalists such as Murray Rothbard argue that monopolies are defined by state intervention and cannot arise on the free market<ref>http://mises.org/rothbard/mespm.PDF</ref>. Others, like Hans Hoppe, add that the State itself is a monopoly over final arbitration and taxation power.

[[category:Politics]]
[[category:Economics]]

== See also ==
* [[Anarchism]]
* [[Anarchopedia]]

== External links ==
* [http://www.independent.org/store/book_detail.asp?bookID=67/ ''Anarchy and the Law: The Political Economy of Choice'', edited by Edward P. Stringham]
* [http://www.lewrockwell.com/hoppe/hoppe5.html/ "Anarcho-Capitalism: An Annotated Bibliography," by Hans-Hermann Hoppe]
* [http://www.mises.org/rothbard/newliberty.asp/ ''For a New Liberty'', by Murray N. Rothbard]
* [http://www.independent.org/store/book_detail.asp?bookID=17/ ''The Voluntary City: Choice, Community, and Civil Society'', edited by David T. Beito, Peter Gordon, and Alexander Tabarrok]

Austrian School of Economics

2008-06-01T04:12:17Z

Morty:

The '''Austrian school of economics''' is a school of economic thought which supports the [[libertarian]] [[philosophy]] by pointing out the inefficiency and ineffectualness of government intervention. However, Austrian economics is a positive, not a normative, school of thought and therefore has no inherent political leaning. It views all value as subjective, and that efficiency consists of maximizing value as sought by each individual. It avoids [[mathematics]] because it does not feel math can capture the complexities of the economic world and, more importantly, because it views social sciences to be properly based on rationalism and ''a priori'' reasoning. Austrian economists, like many other free market economists including Chicago School and neo-classical economists, believe free trade is key to prosperity. Austrians, unlike many of the same economists however, also believe the free market can function in areas such as infrastructure (roads<ref>http://www.mises.org/journals/jls/7_1/7_1_1.pdf</ref>, electricity<ref>http://www.mises.org/journals/rae/pdf/RAE9_2_3.pdf</ref>, etc), defense (police<ref>http://mises.org/rothbard/newliberty11.asp</ref>, military<ref>http://mises.org/etexts/defensemyth.pdf</ref>), and dealing with "externalities" <ref>http://mises.org/pdf/asc/2003/asc9simpson.pdf</ref> (pollution<ref>http://mises.org/journals/scholar/Storfner.pdf</ref>, free riders<ref>http://mises.org/journals/scholar/Murphy6.pdf</ref>, etc).

The Austrian school of [[economics]] opposed the inflationary approach of [[Keynesian economics]], and thus is favored by many conservatives on that basis.

The founder of the Austrian school of economics was [[Carl Menger]], who published in German in 1871 its leading text, ''Principles of Economics''. In the 1920s through 1940s, [[Ludwig von Mises]] and [[Friedrich A. Hayek]] advanced the movement by declaring the impossibility for socialism to succeed and also explaining the nature of the business cycle. Mises' most important student, [[Murray Rothbard]], lead the Austrian School after Mises' death and made many contributions to Austrian monopoly and monetary theory, along with expanding the traditional analysis of government interventionism to areas such as defense, police, and courts, concluding that socialism in these areas works no better than in others.

[[Category:Economics]]
== External links ==
* [http://www.fee.org/ Foundation for Economic Education]
* [http://www.independent.org/ The Independent Institute]
* [http://www.mises.org/ Ludwig von Mises Institute]
* [http://www.econlib.org/library/enc/AustrianEconomics.html "Austrian Economics," by Deborah L. Walker]
* [http://it.stlawu.edu/sdae/ Society for the Development of Austrian Economics]

Austrian School of Economics

2008-06-01T04:11:39Z

Morty:

The '''Austrian school of economics''' is a school of economic thought which supports the [[libertarian]] [[philosophy]] by pointing out the inefficiency and ineffectualness of government intervention. However, Austrian economics is a positive, not a normative, school of thought and therefore has no inherent political leaning. It views all value as subjective, and that efficiency consists of maximizing value as sought by each individual. It avoids [[mathematics]] because it does not feel math can capture the complexities of the economic world and, more importantly, because it views social sciences to be properly based on rationalism and ''a priori'' reasoning. [[Austrian]] economists, like many other free market economists including Chicago School and neo-classical economists, believe free trade is key to prosperity. Austrians, unlike many of the same economists however, also believe the free market can function in areas such as infrastructure (roads<ref>http://www.mises.org/journals/jls/7_1/7_1_1.pdf</ref>, electricity<ref>http://www.mises.org/journals/rae/pdf/RAE9_2_3.pdf</ref>, etc), defense (police<ref>http://mises.org/rothbard/newliberty11.asp</ref>, military<ref>http://mises.org/etexts/defensemyth.pdf</ref>), and dealing with "externalities" <ref>http://mises.org/pdf/asc/2003/asc9simpson.pdf</ref> (pollution<ref>http://mises.org/journals/scholar/Storfner.pdf</ref>, free riders<ref>http://mises.org/journals/scholar/Murphy6.pdf</ref>, etc).

The Austrian school of [[economics]] opposed the inflationary approach of [[Keynesian economics]], and thus is favored by many conservatives on that basis.

The founder of the Austrian school of economics was [[Carl Menger]], who published in German in 1871 its leading text, ''Principles of Economics''. In the 1920s through 1940s, [[Ludwig von Mises]] and [[Friedrich A. Hayek]] advanced the movement by declaring the impossibility for socialism to succeed and also explaining the nature of the business cycle. Mises' most important student, [[Murray Rothbard]], lead the Austrian School after Mises' death and made many contributions to Austrian monopoly and monetary theory, along with expanding the traditional analysis of government interventionism to areas such as defense, police, and courts, concluding that socialism in these areas works no better than in others.

[[Category:Economics]]
== External links ==
* [http://www.fee.org/ Foundation for Economic Education]
* [http://www.independent.org/ The Independent Institute]
* [http://www.mises.org/ Ludwig von Mises Institute]
* [http://www.econlib.org/library/enc/AustrianEconomics.html "Austrian Economics," by Deborah L. Walker]
* [http://it.stlawu.edu/sdae/ Society for the Development of Austrian Economics]

Murray Rothbard

2008-06-01T03:30:11Z

Morty:

Murray Rothbard (1926-1995) was a libertarian economist who extended the [[Austrian School of Economics]] to broader opposition to government. For example, Rothbard defended large, private firms (unlike many economists, Rothbard rejected the idea of free market [[monopolies]] <ref>http://mises.org/rothbard/mespm.PDF</ref>) while most economists view them as harmful.<ref>http://www.mises.org/story/1800</ref>

Rothbard is praised by the Mises Institute, which continues to promote his work.

'''Sources:''' <references/>

[[Category:Economists|Rothbard, Murray]]

Murray Rothbard

2008-06-01T03:27:38Z

Morty:

Murray Rothbard (1926-1995) was a libertarian economist who extended the [[Austrian School of Economics]] to broader opposition to government. For example, Rothbard defended large, private firms (unlike many economists, Rothbard rejected the idea of free market [[monopolies]]) while most economists view them as harmful.<ref>http://www.mises.org/story/1800</ref>

Rothbard is praised by the Mises Institute, which continues to promote his work.

'''Sources:''' <references/>

[[Category:Economists|Rothbard, Murray]]