Quarterly Journal of Austrian Economics
The Praxeology of Coercion: A New Theory of Violence Cycles
ABSTRACT: As the first application of the praxeological discipline of “Cratics” (Taghizadegan and Otto, 2015), a theory of the supply and demand of bads is developed. On this foundation, a violence cycle theory will be introduced in analogy to the praxeological business cycle theory (according to Ludwig von Mises). Central to this approach are the subjective perceptions of threats and possible bluffs regarding the backing of those threats. Such a violence cycle theory can explain the stability of structures of violence and reveal new interpretations of the “long peace” hypothesis.
KEYWORDS: Austrian school, praxeology, catallactics, coercion
JEL CLASSIFICATION: B53
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Cite This Article
Taghizadegan, Rahim, and Marc-Felix Otto, "The Praxeology of Coercion: A New Theory of Violence Cycles," Quarterly Journal of Austrian Economics 19, no. 4 (Winter 2016): 330–344.