1. bookVolume 11 (2022): Issue 2 (June 2022)
Journal Details
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Format
Journal
eISSN
2299-0518
First Published
03 Oct 2014
Publication timeframe
4 times per year
Languages
English
access type Open Access

The Capital Structure of Libertarian Production

Published Online: 09 Jul 2022
Volume & Issue: Volume 11 (2022) - Issue 2 (June 2022)
Page range: 1 - 9
Journal Details
License
Format
Journal
eISSN
2299-0518
First Published
03 Oct 2014
Publication timeframe
4 times per year
Languages
English
Abstract

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.

Keywords

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