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A Diagrammatic Exposition of the Socialist Calculation Argument
Diagrammatic Exposition Socialist Calculation Argument
2009/7/23
In this article, the authors build on the previous work of Kirzner (1963) and
Simpson and Kjar (2005) to present a diagrammatic exposition of the impossibility of
monetary calculation in a purely so...
Entrepreneurship, Externalities and Development: An Austrian Critique of the Hausmann-Rodrik New Argument for Industrial Policy
Entrepreneurship Externalities Development
2009/7/23
The information externality in entrepreneurship theory argues that the social
benefits arising from entrepreneurial actions are greater than the private gains.
Entrepreneurs who discover profit oppo...