Paul Walker • May 26, 2013 •
In an earlier posting I discussed the theory of privatisation. This theory has largely developed since around 1990. But what was the thinking before then? What was the logic behind the nationalisations of the early and mid 20 century? What was the thin... Read More
Paul Walker • May 03, 2013 •
As has been noted previously the theory of the firm is not well developed within Austrian economics. But his does not mean there have been no attempts at formulating an Austrian approach to the firm. One such attempt is that of Nicolai Foss and Peter Klein in their book Organizing Entrepreneurial Judgment: A New Approach to the Firm. The classic … Read More
Paul Walker • Nov 29, 2012 •
Having been working on a survey of the theory of the firm I noted that an often neglected topic in the literature is that of state owned firms and their privatisation. Thus I added a short section on the literature on privatisation. There is a surpris... Read More