Corruption: A Misesian Economic Analysis

19 Pages Posted: 31 Aug 2011 Last revised: 29 Jan 2014

See all articles by Tomáš Otáhal

Tomáš Otáhal

Mendel University - Faculty of Economics and Business Administration

Date Written: August 31, 2011

Abstract

What is corruption? The aim of this paper is to present and analyze selected theoretical definitions of corruption, to point out their implicit characteristics, and to incorporate these characteristics into a Misesian positive theoretical apparatus. Within this analysis, I argue that Ludwig von Mises was the first to recognize the importance of distinguishing among different institutional frameworks where human action, referred to as corruption, may take place. Then I present a critical reflection on the implementation of the market’s “auto regulation mechanisms” into bureaucratic management in order to eliminate corrupt actions.

Keywords: Bureaucracy, corruption, human action, institutional environment, rational behavior

JEL Classification: B13, D73

Suggested Citation

Otáhal, Tomáš, Corruption: A Misesian Economic Analysis (August 31, 2011). Available at SSRN: https://ssrn.com/abstract=1920149 or http://dx.doi.org/10.2139/ssrn.1920149

Tomáš Otáhal (Contact Author)

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

Staňkova 578/16b
Brno, 602 00
Czech Republic

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
13
Abstract Views
454
PlumX Metrics