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Efficiency and Externalities in an Open-Ended Universe: A Modern Austrian Perspective (LvMI) by Roy Cordato [Repost]

Posted By: Free butterfly
Efficiency and Externalities in an Open-Ended Universe: A Modern Austrian Perspective (LvMI) by Roy Cordato [Repost]

Efficiency and Externalities in an Open-Ended Universe: A Modern Austrian Perspective (LvMI) by Roy Cordato
Ludwig von Mises Institute | November 29, 2011 | English | ASIN B00121WU36 | 160 pages | PDF | 11 MB

The problem of externalities and efficiency is cited relentlessly in mainstream literature as the great rationale for government intervention. The Austrian tradition, however, takes another approach, viewing these supposed problems as having market solutions that depend on a view of economics rooted in an understanding of the competitive process.