Mises, Hayek and Corruption

11 Pages Posted: 31 Oct 2010 Last revised: 2 May 2011

See all articles by Tomáš Otáhal

Tomáš Otáhal

Mendel University - Faculty of Economics and Business Administration

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Date Written: August 4, 2009

Abstract

Using the arguments of Ludwig von Mises and Friedrich August von Hayek, I argue that private ownership solves the problem of corruption. Because private ownership discourages entrepreneurs from rent-seeking and because privately owned media provide quality information to citizens, the legal reform that would be established and enforced private ownership solve the corruption problem.

Keywords: Austrian school, corruption, economic calculation, rent-seeking

JEL Classification: B25, D73, D83, K43, P16

Suggested Citation

Otáhal, Tomáš, Mises, Hayek and Corruption (August 4, 2009). Available at SSRN: https://ssrn.com/abstract=1699873 or http://dx.doi.org/10.2139/ssrn.1699873

Tomáš Otáhal (Contact Author)

Mendel University - Faculty of Economics and Business Administration ( email )

Staňkova 578/16b
Brno, 602 00
Czech Republic

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