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. Copyright Springer Science+Business Media Dordrecht 2014

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Year of publication:	2014
Authors:	Otáhal, Tomáš
Published in:	Journal of Business Ethics. - Springer, ISSN 0167-4544. - Vol. 119.2014, 3, p. 399-404
Publisher:	Springer
Subject:	Austrian school \| Corruption \| Economic calculation \| Rent-seeking

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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