Karlheinz Muhr Library

The Complete “Austrian School of Economics” Collection


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1,549 works, 150 years of economic thought. Each one summarized and searchable, with cited passages inside.

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1–1 of 1 matches · 1,549 works totalPage 1 of 1; every summary opens into its work.
  1. 1932
    Theorie der gebundenen Preisbildung

    Theorie der gebundenen Preisbildung

    Wilhelm Vleugels · 7 sections

    No stable middle ground exists between a free economy and a fully controlled one — that is the verdict Vleugels reaches after examining the neglected theory of officially bound prices. Following Mises, he separates Ordnungstaxen, which merely track competitive prices and disturb little, from echte Taxen, genuine controls set below them, and shows how the latter set off a chain reaction. A maximum price below the market cuts supply, diverts goods elsewhere, and forces controls onto substitutes, then onto factors of production and wages, until — invoking Wieser's notion of production relatedness — the whole price structure must be bound together. Neither an enduring order nor a gentle bridge to socialism, genuine price-fixing emerges here as a primitive interventionist measure that harms the very people it means to protect.

    Ebensowenig wie ein ausgebautes Taxsystem als Endzustand der Volkswirtschaft denkbar wäre, ebensowenig kommt es praktisch auch als Anfangszustand zur Überleitung in eine sozialistische Wirtschaft in Frage.

    English translation: “Just as a fully developed system of price fixings is inconceivable as the terminal state of an economy, so too is it practically out of the question as an initial state for the transition into a socialist economy.”