Mises, Hayek and Corruption

Tomáš Otáhal ()

Journal of Business Ethics, 2014, vol. 119, issue 3, 399-404

Abstract: Using the arguments of Ludwig von Mises and Friedrich August von Hayek, I argue that private ownership solves the economic problem of corruption. Since private ownership discourages entrepreneurs from rent-seeking, and privately owned media provide objective and unbiased information to citizens, any legal reform establishing and enforcement of private ownership also solves the corruption problem. Copyright Springer Science+Business Media Dordrecht 2014

Keywords: Austrian school; Corruption; Economic calculation; Rent-seeking (search for similar items in EconPapers)
Date: 2014
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Working Paper: Mises, Hayek and Corruption (2013)
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DOI: 10.1007/s10551-013-1646-x

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