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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Persistent link: https://EconPapers.repec.org/RePEc:kap:jbuset:v:119:y:2014:i:3:p:399-404
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DOI: 10.1007/s10551-013-1646-x
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