MISES: Interdisciplinary Journal of Philosophy, Law and Economics https://revistamises.org.br/misesjournal <div style="text-align: justify;"> <p dir="ltr">MISES: Interdisciplinary Journal of Philosophy, Law and Economics , scholarly and peer-reviewed journal (print and on-line) published three times a year by Instituto Mises Brasil which was founded in 2007. The topics covered in the journal mainly include (but not limit to): Epistemology and Ethics, Economics, Methodology and Praxeology, History of Economic Thought, Society, Legislation and Politics, Culture and Freedom.&nbsp;</p> <p dir="ltr">The journal is published in Portuguese, Spanish and English. The e-journal provides free and open access to its content on our website.</p> </div> en-US <p>&nbsp;</p> <p><a href="http://creativecommons.org/licenses/by/4.0/" rel="license"><img style="border-width: 0;" src="https://i.creativecommons.org/l/by/4.0/88x31.png" alt="Creative Commons License"></a><br>&nbsp; This Journal is licensed under a <a href="http://creativecommons.org/licenses/by/4.0/" rel="license">Creative Commons Attribution 4.0 International License</a>.</p> paranaiba@mises.org.br (Adriano Paranaiba) revista@mises.org.br (Suporte Editorial) Thu, 14 Jan 2021 17:10:11 -0200 OJS 3.1.2.4 http://blogs.law.harvard.edu/tech/rss 60 Bastiat and the nature of interest https://revistamises.org.br/misesjournal/article/view/1378 <p>This article investigates Bastiat's criticism of Proudhon's proposal to abolish interest by establishing the Bank of the People. The controversy between the two authors is examined in the light of the peculiarities of the economic theory developed by Bastiat, which include elements extracted from the works of Jean-Baptiste Say, Destutt de Tracy, and Charles Comte. We will argue that the merit and limitations of Bastiat's arguments in the debate reflect the tension between the subjective and objective elements present in his theory.&nbsp;</p> Fabio Barbieri Copyright (c) https://revistamises.org.br/misesjournal/article/view/1378 Fri, 26 Feb 2021 09:37:40 -0300 In defense of fractional free banking https://revistamises.org.br/misesjournal/article/view/1361 <p>This paper examines the debate between the so-called fractionalists and the reservists within the Austrian School of Economics (1994 – 2005), emphasizing the maturity mismatch problem (2009 – 2019). It focuses on the fundamental arguments: the ontological view on currencies as banks’ products (IOUs) and money, the purchasing power of money, and the maturity mismatch problem. Banking activity is seen as a vital evolutionary superstructure humans use to determine the marginal utilization of existing capital resources, effectively discovering the coincidence of money interest towards natural interest levels and time preferences within society. The thesis advocates the superiority of fractional and free banking over the reservist alternative. It shows that fractional free banking is not based on property rights violations, and does not cause systematic economic cycles beyond those related to natural business errors.</p> Matus Posvanc Copyright (c) 2021 MISES: Interdisciplinary Journal of Philosophy, Law and Economics http://creativecommons.org/licenses/by/4.0 https://revistamises.org.br/misesjournal/article/view/1361 Sun, 21 Feb 2021 14:34:14 -0300 The economical intervention as the genesis of the imbalance of Brazilian markets https://revistamises.org.br/misesjournal/article/view/1313 <p>The article investigates the relation between state-owned intervention and consumers‘ freedom, aiming to identify what gives genesis to the imbalances in Brazilian markets. For this, the interventionist model is approached, investigating its theoretical basis and its empirical fruits, through the analysis of highly renowned international and national reports and indicators on the theme. A brief study of consumer law was also carried out in order to provide a pragmatic criticism, identifying how it is currently revealed and its importance in the Brazilian scenario. It was concluded that Brazil, through state-owned interventionism - and its unrestraining use - in all market segments, makes its consumers vulnerable, by the creation of state-owned monopolies, legalized oligopolies and full cartels. Arise as a consequence, above all, the suppression of consumers‘ freedom and the planned distribution of consumer markets to suppliers selected by political interest.</p> Mateus Henrique Schoenherr Copyright (c) https://revistamises.org.br/misesjournal/article/view/1313 Wed, 13 Jan 2021 00:00:00 -0200 Pandemic, Crisis and Intervention https://revistamises.org.br/misesjournal/article/view/1330 <p>This article aims to explain the economic consequences of a pandemic, a circumstance in which the advent of the crisis is not endogenously induced by the financial system. The analysis is divided into two parts. The first one will be focused on the effects that a contagious and deadly disease has on the economic agents' valuation scale and on their time preference and how this is responsible for distorting the productive structure and giving rise to an economic crisis. Then, we will analyze the most common types of intervention in times of pandemic, such as quarantine, maximum price setting, bailing out companies and subsidies to certain agents. In this way, it is intended to explain how the use of these policies end up aggravating the tragedy and how the State should act in this scenario.</p> Marcos Cantaluppi Plá Copyright (c) https://revistamises.org.br/misesjournal/article/view/1330 Thu, 03 Dec 2020 21:09:40 -0200 Entrepreneurial action in politics as causing external costs in the COVID-19 pandemic and as a source of risk for slippery slopes https://revistamises.org.br/misesjournal/article/view/1370 <p>The purpose of this article is to highlight how the common and often-invisible effects of government measures against the covid-19 pandemic are related to the dynamics of the moral, material, and political interests of entrepreneurs working in the political sphere, contributing to the implementation of public policies, many of the each generate disastrous consequences in the present or potentially in the future. It seeks to show how political entrepreneurs with diverse interests contribute to the costs seen and unseen during the pandemic, as well as a perspective of negative legacies for the future, according to the risk of “slippery slopes.” Thus, it was possible to conclude that natural or normal problems tend to be reinforced by those seeking to capture or mobilize the state, influencing governments’ measures directly or indirectly.</p> Carlos Eduardo Carneiro Lima Copyright (c) https://revistamises.org.br/misesjournal/article/view/1370 Thu, 03 Dec 2020 20:41:20 -0200