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Book part
Publication date: 3 August 2015

Peter T. Leeson and Paola A. Suarez

This paper investigates the relationship between superstition and self-governance. We argue that at least some superstitions, and perhaps many, support self-governing…

Abstract

This paper investigates the relationship between superstition and self-governance. We argue that at least some superstitions, and perhaps many, support self-governing arrangements. The relationship between such scientifically false beliefs and private institutions is symbiotic and socially productive. This simple but overlooked observation may help explain the emergence and otherwise puzzling persistence of both superstitions and “spontaneous” orders that seem perverse or dysfunctional, as well as why these two phenomena are often found together.

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New Thinking in Austrian Political Economy
Type: Book
ISBN: 978-1-78560-137-8

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Philosophy, Politics, and Austrian Economics
Type: Book
ISBN: 978-1-83867-405-2

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Book part
Publication date: 12 November 2008

Peter J. Boettke, Christopher J. Coyne and Peter T. Leeson

This chapter explores the political economy of F.A. Hayek with emphasis on the continued relevance of his work for contemporary scholars. We focus on the theme of…

Abstract

This chapter explores the political economy of F.A. Hayek with emphasis on the continued relevance of his work for contemporary scholars. We focus on the theme of coordination throughout Hayek's research program. This general theme can be traced from Hayek's technical economics up through his later writings in political philosophy. After considering Hayek's major works in political and legal theory, we conclude by discussing the contemporary implications of Hayek's political economy. Specifically, we discuss eight areas where modern economists should pay close attention to the main lessons and themes in Hayek's writings.

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Explorations in Austrian Economics
Type: Book
ISBN: 978-1-84855-330-9

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Book part
Publication date: 3 August 2015

Abstract

Details

New Thinking in Austrian Political Economy
Type: Book
ISBN: 978-1-78560-137-8

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Book part
Publication date: 31 July 2008

Peter T. Leeson

János Kornai was born as János Kornhauser, on January 21, 1928. The son of a prominent Hungarian business attorney, Kornai grew up with three siblings, though he says that…

Abstract

János Kornai was born as János Kornhauser, on January 21, 1928. The son of a prominent Hungarian business attorney, Kornai grew up with three siblings, though he says that he was clearly his mother's “favorite among” the four children (p. 5). His impressive intellect was evident from an early age and seemed to benefit from the tremendous independence his busy parents gave him from the beginning.

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A Research Annual
Type: Book
ISBN: 978-1-84663-904-3

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Article
Publication date: 20 April 2012

Diana W. Thomas and Peter T. Leeson

This paper seeks to examine how productive entrepreneurial activities, such as innovation, influence unproductive entrepreneurial activities, such as regulatory rent seeking.

Abstract

Purpose

This paper seeks to examine how productive entrepreneurial activities, such as innovation, influence unproductive entrepreneurial activities, such as regulatory rent seeking.

Design/methodology/approach

To investigate the argument the authors consider Bavaria's brewing industry in the fourteenth through sixteenth centuries using an analytic narrative approach.

Findings

The example of Bavaria's brewing industry suggests that productive entrepreneurial activities may increase unproductive entrepreneurial activities. Confronted with a situation in which innovation erodes their monopoly returns, legally protected producers and policymakers reregulate industry to recapture lost rents. Regulation policy under such reregulation tends to be more encompassing, and thus produces more unproductive entrepreneurial activity, than pre‐innovation regulation policy. This reflects the greater number or variety of producers that new regulation policy must encompass for reregulation to recreate rents.

Originality/value

The paper builds on Thomas’ work, which suggests that innovation can undermine existing regulatory institutions and result in deregulation. This paper identifies an alternative channel through which productive entrepreneurial innovation may influence unproductive entrepreneurial rent seeking. It argues that productive entrepreneurial innovation by legally unprotected producers in an industry can also increase, rather than decrease, the extent of unproductive entrepreneurship in that industry.

Details

Journal of Entrepreneurship and Public Policy, vol. 1 no. 1
Type: Research Article
ISSN: 2045-2101

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Book part
Publication date: 31 July 2008

Abstract

Details

A Research Annual
Type: Book
ISBN: 978-1-84663-904-3

To view the access options for this content please click here
Book part
Publication date: 3 August 2015

Abstract

Details

New Thinking in Austrian Political Economy
Type: Book
ISBN: 978-1-78560-137-8

To view the access options for this content please click here
Book part
Publication date: 12 November 2008

Abstract

Details

Explorations in Austrian Economics
Type: Book
ISBN: 978-1-84855-330-9

Content available
Article
Publication date: 14 April 2014

Abstract

Details

Journal of Entrepreneurship and Public Policy, vol. 3 no. 1
Type: Research Article
ISSN: 2045-2101

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