Archive for January, 2007

Resourceship: An Austrian Theory of Mineral Resources

January 19, 2007

by Robert L. Bradley, Jr. Economists inside and outside of the Austrian-school tradition have formulated a subjectivist theory of mineral resources. While von Mises (1940) presented a rudimentary theory, institutionalist Zimmermann (1933 and after) provided an in-depth mind-centered approach distinct from the objective, neoclassical theory for minerals developed by Jevons (1865, 1866), Gray (1913), and [...]

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