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The article in the issue 11:2:
The date of the publication:
2022-06-27
The number of pages:
51
The issue:
11:2
Commentaries:
0
The Authors
Jakub Bożydar Wiśniewski, Walter Block, Sulaimon Olanrewaju Adebiyi, Gloria Amaka Olayemi, Howard Wettstein, Andrew Schumann,
Jakub Bożydar Wiśniewski is an assistant professor in the Faculty of Law, Administration, and Economics at the University of Wroclaw and an affiliated scholar and a member of the Board of Trustees of the Ludwig von Mises Institute Poland. He holds an MA in philosophy from the University of Cambridge and a PhD in political economy from King’s College London. He is the author of The Economics of Law, Order, and Action: The Logic of Public Goods, Libertarian Quandaries, and The Pith of Life: Aphorisms in Honor of Liberty.
ARTICLE:
The Capital Structure of Libertarian Production
autor: Jakub Bożydar Wiśniewski,
The purpose of the present article is to reflect on the intellectual origin of the close relationship between Austrian economics and libertarian philosophy. It suggests that the relationship in question is grounded in the fact that personal liberty and individual initiative, in addition to being significant moral values, are also crucial reservoirs of organizational efficiency and developmental drive. This implies that libertarian values can be disseminated, promoted, and implemented particularly effectively as a result of utilizing theoretical insights of the Austrian school, which is singularly committed to explaining the efficiency-enhancing features of the unhampered market process and entrepreneurial rivalry. In this connection, special attention is devoted to the liberty-promoting potential of Austrian contributions to the fields of capital, entrepreneurship, and the firm.
