Savings, Private Property and Sound Money: An Austrian Perspective on the Essential Pre-requisites to Economic Growth and Development
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| Format: | Artículo científico |
| Language: | en |
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Instituto Mises Brasil
2018
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| author | Anton Chamberlin |
| author_facet | Anton Chamberlin |
| contents | Savings, Private Property and Sound Money: An Austrian Perspective on the Essential Pre-requisites to Economic Growth and Development Anton Chamberlin G.P. Manish Multidisciplinarias (Ciencias Sociales) Savings Sound Money Private Property Austrian Perspective The overarching goal of this paper is to provide an answer to the following question from the perspective of economists working within the Mengerian or Austrian tradition: What are the essential pre-requisites and pre-conditions for a process of economic growth and development to take place? In course of our discussion, we focus on three important pre-requisites. First, we look at the implications of the presence of time preference, especially for the importance that savings have for adopting longer and more productive production processes and boosting productivity. Second, we analyze the problem of economic calculation and isolate the important institutional pre-conditions that are necessary for the allocation of higher order goods: private property in higher order goods and the use of money. These institutional pre-conditions, as we discuss, are thus also essential for the process of economic growth. And finally, we discuss the importance of a sound monetary order for generating sustainable economic growth. 2018 artículo científico 2318-0811 https://www.redalyc.org/articulo.oa?id=586364252002 https://www.redalyc.org/journal/5863/586364252002/ https://www.redalyc.org/journal/5863/586364252002/html/ https://www.redalyc.org/journal/5863/586364252002/586364252002.epub https://www.redalyc.org/journal/5863/586364252002/movil 10.30800/mises.2018.v0.1091 en http://www.redalyc.org/revista.oa?id=5863 MISES: Interdisciplinary Journal of Philosophy, Law and Economics application/pdf Instituto Mises Brasil MISES: Interdisciplinary Journal of Philosophy, Law and Economics (Brasil) Vol.6 |
| format | Artículo científico |
| id | redalyc_586364252002 |
| institution | Redalyc |
| language | en |
| publishDate | 2018 |
| publisher | Instituto Mises Brasil |
| spellingShingle | Savings, Private Property and Sound Money: An Austrian Perspective on the Essential Pre-requisites to Economic Growth and Development Anton Chamberlin Multidisciplinarias (Ciencias Sociales) Savings Sound Money Private Property Austrian Perspective Savings, Private Property and Sound Money: An Austrian Perspective on the Essential Pre-requisites to Economic Growth and Development Anton Chamberlin G.P. Manish Multidisciplinarias (Ciencias Sociales) Savings Sound Money Private Property Austrian Perspective The overarching goal of this paper is to provide an answer to the following question from the perspective of economists working within the Mengerian or Austrian tradition: What are the essential pre-requisites and pre-conditions for a process of economic growth and development to take place? In course of our discussion, we focus on three important pre-requisites. First, we look at the implications of the presence of time preference, especially for the importance that savings have for adopting longer and more productive production processes and boosting productivity. Second, we analyze the problem of economic calculation and isolate the important institutional pre-conditions that are necessary for the allocation of higher order goods: private property in higher order goods and the use of money. These institutional pre-conditions, as we discuss, are thus also essential for the process of economic growth. And finally, we discuss the importance of a sound monetary order for generating sustainable economic growth. 2018 artículo científico 2318-0811 https://www.redalyc.org/articulo.oa?id=586364252002 https://www.redalyc.org/journal/5863/586364252002/ https://www.redalyc.org/journal/5863/586364252002/html/ https://www.redalyc.org/journal/5863/586364252002/586364252002.epub https://www.redalyc.org/journal/5863/586364252002/movil 10.30800/mises.2018.v0.1091 en http://www.redalyc.org/revista.oa?id=5863 MISES: Interdisciplinary Journal of Philosophy, Law and Economics application/pdf Instituto Mises Brasil MISES: Interdisciplinary Journal of Philosophy, Law and Economics (Brasil) Vol.6 |
| title | Savings, Private Property and Sound Money: An Austrian Perspective on the Essential Pre-requisites to Economic Growth and Development |
| topic | Multidisciplinarias (Ciencias Sociales) Savings Sound Money Private Property Austrian Perspective |
| url | https://www.redalyc.org/articulo.oa?id=586364252002 https://www.redalyc.org/journal/5863/586364252002/ https://www.redalyc.org/journal/5863/586364252002/html/ https://www.redalyc.org/journal/5863/586364252002/586364252002.epub https://www.redalyc.org/journal/5863/586364252002/movil |