Purpose Inspired by the debates among economists about the role of beliefs and informal institutions in economic development, the purpose of this paper is to derive and test different hypotheses about the ways beliefs about the market economy, institutions and policies, and productive...

This paper addresses the question of whether the Austrian theory of interventionism helps us understand what growth economists call decelerations or slowdowns. It is proposed that the theory of stagnation based on non-productive entrepreneurship Coyne et al. (Journal of Austrian Economics 23(4),...