Let me first give a brief overview of the recent history of the WTO and of the literature concerning the causes of negotiation deadlock, and then offer a Misesian
perspective on these issues.
Kirzner (1963) followed the Misesian
tradition that defines entrepreneurship in terms of uncertainty and uncertainty in terms of ignorance.
praxeology and its value-free economics is not enough to establish a moral argument for a free society.
It is the mission of Mises Canada to advance the Misesian
tradition of thought through the defence of the market economy, private property, and sound money.
model of credit creation sees modern fractional-reserve banks as hybrid institutions.
Baumol's claims are consistent with a Misesian
understanding of human action in the market process (1949).
Mueller recognizes that the Misesian
position on human welfare threatens his own, and he attempts to address this.
Wapshott thinks the Misesian
critique of socialism was that prices "were made redundant" when what Mises actually said about socialism is that it made prices, and the information we get from prices, impossible.
3) This metaphor is borrowed from Steele (1992), who describes the Misesian
economic calculation argument in the following way: 'In much the same way, if we start a car in Chicago and make purely random movements with the steering wheel, we can be morally certain that the car will not arrive in Saint Louis.
In the first volume of this work, they present 23 previously published papers that explicitly engage with the theory and methodology of the "uncontested dean of the Austrian School of economics," organized into sections concerned with the overarching Misesian
system or paradigm; issues of methodology; market theory and the price system; money, capital, and business cycles; and socialism, interventionism, and liberalism.
Uncertainty, discovery, and human action: A study of the entrepreneurial profile in the Misesian
entrepreneur is alert to arbitrage opportunities which occur when prices in resource markets are not adjusted to prices in the product markets (Kirzner 1973: 85).