Mises, Hayek and Corruption

Using the arguments of Ludwig von Mises and Friedrich August von Hayek, I argue that private ownership solves the economic problem of corruption. Since private ownership discourages entrepreneurs from rent-seeking, and privately owned media provide objective and unbiased information to citizens, any legal reform establishing and enforcement of private ownership also solves the corruption problem.

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Year of publication:	2013-03
Authors:	Otáhal, Tomáš
Institutions:	Provozně ekonomická fakulta, Mendelova Univerzita v Brnĕ
Subject:	Austrian school \| corruption \| economic calculation \| rent-seeking

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Extent:	application/pdf
Series:	MENDELU Working Papers in Business and Economics.
Type of publication:	Book / Working Paper
Notes:	The price is Free Number 2013-34 1 pages long
Classification:	B25 - Historical; Institutional; Evolutionary; Austrian ; D73 - Bureaucracy; Administrative Processes in Public Organizations; Corruption ; D83 - Search, Learning, Information and Knowledge ; P16 - Political Economy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010627738