scholarly journals The Six Lessons of Mises

Author(s):  
Dimária Silva e Meirelles

From the perspective of the market as a process, the market only exists to the extent that exchanges take place. So, what is better in times of social isolation: intervene to ensure that the market works or let the market freeze freely? Moreover, to what extent is it possible to intervene in the market in times of pandemic, preserving the principles of economic freedom? Based on the principles of cooperation and economic calculation proposed by Mises, the objective of this paper is to analyze the possibilities of public policy in a situation of social isolation. Among the main public policy devised in this time of the pandemic, the following measures have provided the continuity of the market process: credit, tax deferrals, and emergency assistance or paycheck protection program. The concern with the preservation of the economic calculation extends to all supply chain linkages, including final customers, for to companies continue to do their economic calculation.

2020 ◽  
Vol 16 (3) ◽  
Author(s):  
Holly Walker

Even prior to Covid-19, loneliness posed a significant public policy challenge. Loneliness intersects with other wellbeing factors, so prioritising wellbeing requires policies that allow social interaction to thrive. Prolonged loneliness also creates significant public health risks. Covid-19 thrust loneliness into greater prominence with enforced social isolation compounded by considerable employment and income loss. The level 4 lockdown contributed to an increase in self-reported loneliness, especially among those already at risk. Future analysis will determine the full impact of Covid-19 on loneliness; in the meantime, policy to enable social interactions to thrive will be an important part of the recovery.


2021 ◽  
pp. 95-137
Author(s):  
Laurent Carnis

The bureaucratic organisations became key actors in our contemporary societies. To develop an appropriate theory to understand how these organisations work and their implications constitute true stakes. This article deals with Mises’ theory of bureaucracy, which differs radically from the traditional approaches. The first part presents the definition of the Misesian bureaucracy, which shares some common points with Wéber’s version and shows also true strong disagreements. The absence of economic calculation constitutes the main key idea to understand the Misesian theory. Mises shows also that bureaucracy reflects the governmental interventions, which can be combined with different types of political systems. The second part deals with the consequences of bureaucracy. This part proposes a detailed analysis of the economic, social, political and psychological effects. The third part raises some critical points for the theory. It seems that the conception of bureaucrat and its place inside the bureaucratic organisation is not sufficiently analysed. Moreover, the modelling of the bureaucratic expansion deserves a more refined research. Finally, the justifications given by Mises to justify a minimal bureaucracy emphasize the necessity to think the place and the role of the State. Keywords: Bureaucracy, economic calculation, market process, minimal government. JEL Classification: D73 H11 L38 P11 P21. Résumé: Compte tenu de place importante que prend désormais l’organisation étatique au sein des sociétés contemporaines, l’élaboration d’une théorie économique de la bureaucratie s’avère essentielle pour en comprendre à la fois les mécanismes de fonctionnement et les implications. Cet article revient sur la contribution de Mises, qui par ses travaux, permet d’offrir une réelle alternative aux approches traditionnelles.La première partie de cette contribution présente la théorie de Mises en soulignant ses spécificités par rapport à la conception défendue par Wéber, dont à la fois elle s’inspire et s’en écarte substantiellement. L’absence du calcul économique dans le processus d’allocation des ressources représente une dimension essentielle pour comprendre la théorie proposée. Mises démontre également que l’organisation bureaucratique s’accommode aisément des différents régimes politiques et reflète l’intervention généralisée de l’Etat. La deuxième partie concerne les conséquences de la bureaucratie. Mises distingue quatre effets: les effets économiques, sociaux, politiques et psychologiques. Chaque catégorie fait l’objet d’une présentation détaillée. La troisième partie soulève des points critiques du modèle de la bureaucratie de Mises. Ainsi, sa conception du bureaucrate et sa place au sein de l’organisation bureaucratique nous paraissent faire l’objet d’une élaboration insuffisante. Les mécanismes de l’expansion bureaucratique méritent également un raffinement de l’analyse, tandis que la justification avancée d’une bureaucratie minimale soulève la question de l’existence d’un Etat minimal. Mots clés: Bureaucratie, calcul économique, processus de marché, Etat minimal.


Author(s):  
Feizar Javier Rueda-Velasco ◽  
Angie Monsalve-Salamanca ◽  
Wilson Adarme-Jaimes

The food assistance programmes (FAP) has the mission to guarantee minimum nutrition requirements in a vulnerable population. Nevertheless, the small deliveries for a spread population, the social conditions, and the limited technological infrastructure could make it difficult to adequately aid supply. To solve these limitations, this chapter proposes a methodology for the design of traceability systems in FAP which allows increasing supply chain visibility, coordination between deliveries and social conditions, and therefore, possible impacts on public policy implications. A qualitative and quantitative comparison of the conventional frameworks is carried out and contrast with the needs of the programmes studied. Also, new criteria are also added to adapt the design to the technological infrastructure and the socio-demographic conditions of the territory. The methodological proposal is applied to the Bienestarina nutritional programme in Colombia, where the technologies and tools to subsequently design the traceability system are proposed.


2015 ◽  
Vol 53 (1) ◽  
pp. 119-121

Roger W. Garrison of Auburn University reviews “Advanced Introduction to the Austrian School of Economics”, by Randall G. Holcombe. The Econlit abstract of this book begins: “Provides an introduction and summary of the core principles, ideas, and diversity of modern Austrian economics. Discusses the market process; decentralized knowledge—the role of firms and markets; economic calculation; money, banking, and business cycles; and the resurgence of the Austrian school. Holcombe is DeVoe Moore Professor of Economics at Florida State University.”


Author(s):  
Feizar Javier Rueda-Velasco ◽  
Angie Monsalve-Salamanca ◽  
Wilson Adarme-Jaimes

The food assistance programmes (FAP) has the mission to guarantee minimum nutrition requirements in a vulnerable population. Nevertheless, the small deliveries for a spread population, the social conditions, and the limited technological infrastructure could make it difficult to adequately aid supply. To solve these limitations, this chapter proposes a methodology for the design of traceability systems in FAP which allows increasing supply chain visibility, coordination between deliveries and social conditions, and therefore, possible impacts on public policy implications. A qualitative and quantitative comparison of the conventional frameworks is carried out and contrast with the needs of the programmes studied. Also, new criteria are also added to adapt the design to the technological infrastructure and the socio-demographic conditions of the territory. The methodological proposal is applied to the Bienestarina nutritional programme in Colombia, where the technologies and tools to subsequently design the traceability system are proposed.


Sign in / Sign up

Export Citation Format

Share Document