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Mises Economics Blog

Peter G. Klein Archive

Risk, Uncertainty, and Economic Organization

October 22, 2009 6:06 AM by Peter G. Klein

Why can't a central planning board mimic the operations of entrepreneurs? The key, for Mises, is that entrepreneurial appraisement is not a mechanical process of computing expected values using known probabilities. FULL ARTICLE

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Williamson and the Austrians

October 14, 2009 2:50 PM by Peter G. Klein

Oliver Williamson's Nobel Prize, shared with Elinor Ostrom, is great news for Austrians. Williamson's pathbreaking analysis of how alternative organizational forms -- markets, hierarchies, and hybrids, as he calls them -- emerge, perform, and adapt has defined the modern field of organizational economics. FULL ARTICLE

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IP as a Joke: South Butt Edition

October 8, 2009 9:02 AM by Peter G. Klein

Jimmy Winkelmann, a freshman here at the University of Missouri, established The South Butt clothing company, poking fun at today's logo-obsessed youth. The result? You guessed it: a cease-and-desist letter from The North Face, accusing Winkelmann of sowing "confusion" in the marketplace and violating its intellectual-property rights. Surprisingly, Winkelmann didn't back down, but decided to fight the case. Go Jimmy!

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Another Reason to Dislike "Transformers 2"
2009.08.17 | Comments (28)

Goldman Sachs, Best in the Business
2009.07.17 | Comments (11)

Rothbard on Organizations
2009.04.06 | Comments (63)

Management Theory Is Not to Blame
2009.03.19 | Comments (17)

Money Managers Who Get It
2009.02.13 | Comments (7)

Crisis and Leviathan
2009.01.27 | Comments (12)

More on the Corporation
2008.11.30 | Comments (36)

Congress Again Tries to Repeal Laws of Supply and Demand
2008.11.18 | Comments (40)

Long on the Corporation
2008.11.10 | Comments (59)

Obama: Only 92% Socialist
2008.10.30 | Comments (10)

Mundane Austrian Economics
2008.10.09 | Comments (11)

Whither Stabilization?
2008.10.06 | Comments (9)

Antitrust Law in Action
2008.09.15 | Comments (1)

Allende's Central Planning Machine
2008.03.30 | Comments (10)

Et Tu, Opera?
2007.12.13 | Comments (7)

Ignorant of Markets, and Proud of It
2007.11.20 | Comments (23)

Maskin on Markets
2007.10.16 | Comments (64)

Menger the Empiricist
2007.09.14 | Comments (7)

Entrepreneurship, Arbitrage, and Capital
2007.08.18 | Comments (10)

Production Theory Quote of the Day
2007.08.15 | Comments (2)

This Bud's For You
2007.05.14 | Comments (4)

Austrian Economics at the Academy of Management
2007.03.30 | Comments (2)

March and Simon (1958): Early Calculation Debate Revisionists
2007.03.28 | Comments (0)

Menger the Revolutionary
2007.02.13 | Comments (0)

Is Economics an Apologia for Capitalism?
2007.01.25 | Comments (11)

Marx and the Marxists
2007.01.03 | Comments (25)

Reflections of a Mathematical Economist
2006.12.11 | Comments (10)

Milton Friedman, 1912-2006
2006.11.16 | Comments (9)

Why Intellectuals Still Support Socialism
2006.11.15 | Comments (36)

Schmoller Revisited
2006.10.04 | Comments (3)

The "Essay Tradition"
2006.09.29 | Comments (1)

Gordon Guest Blogging at Organizations and Markets
2006.09.14 | Comments (0)

Bias in Economics Journals
2006.08.31 | Comments (0)

Joel Klein, Monopolist
2006.08.13 | Comments (2)

A Utilitarian Case Against Antitrust
2006.07.20 | Comments (2)

The Government's Highway System
2006.06.30 | Comments (7)

The Freakonomics Approach
2006.06.27 | Comments (7)

More on Net Neutrality
2006.06.22 | Comments (1)

Higgs on Government Programs and Economic Growth
2006.06.21 | Comments (3)

Government Did Invent the Internet, But the Market Made It Glorious
2006.06.12 | Comments (53)

Real Versus Nominal Prices Explained
2006.05.24 | Comments (8)

Natural and Artificial States
2006.05.19 | Comments (2)

Market-Based Management
2006.05.07 | Comments (2)

New Blog
2006.05.01 | Comments (0)

Academia's Increasing Specialization
2006.03.10 | Comments (16)

Does Venture Capital Spur Entrepreneurship?
2006.02.20 | Comments (1)

New Book on Bank Regulation
2006.01.31 | Comments (1)

New Issue of EconJournalWatch
2006.01.13 | Comments (0)

Anti-Antitrust Book Reviewed
2005.10.17 | Comments (1)

Wirth Institute Conference
2005.09.28 | Comments (4)

Game Theory: The Business Tool That Isn't
2005.08.15 | Comments (19)

Mises University Lecture Slides
2005.08.03 | Comments (0)

Quote of the Day
2005.06.10 | Comments (0)

Legal Versus Organic Concepts of Marriage
2005.04.11 | Comments (7)

Perhaps the Silliest Comment Yet on the Summers Flap
2005.04.06 | Comments (7)

The Sky Is Falling, Again
2005.03.30 | Comments (10)

The Not So Wild, Wild West
2005.01.06 | Comments (0)

Linux for the Masses
2004.12.20 | Comments (13)

Landsburg on Scrooge
2004.12.09 | Comments (9)

Left2Right Blog
2004.12.07 | Comments (9)

RSS to the RSScue
2004.11.18 | Comments (1)

So Much for Monopoly Power
2004.11.09 | Comments (16)

Those Pesky Humans
2004.08.30 | Comments (5)

Motley Fool on Rothbard
2004.08.16 | Comments (5)

Moggridge on Caldwell on Hayek
2004.07.30 | Comments (6)

Just War: the Chicago View
2004.06.17 | Comments (3)

Milton M. Klein, RIP
2004.06.12 | Comments (3)

Bjorn Lomborg on "Day After Tomorrow"
2004.05.27 | Comments (0)

Adam Smith's Marketplace of Life
2004.04.28 | Comments (1)

EH.Net review of Thornton and Ekelund
2004.04.14 | Comments (3)