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  • Jeffrey M. Herbener

Jeffrey M. Herbener

Works Published inThe Journal of Libertarian StudiesQuarterly Journal of Austrian EconomicsThe Free MarketReview of Austrian Economics, Volumes 1-10Austrian Economics NewsletterSpeeches and PresentationsMises Daily Article

AwardsLawrence W. Fertig Prize in Austrian Economics

Jeffrey Herbener teaches economics at Grove City College and is chairman of the economics department. He is assistant editor of the Quarterly Journal of Austrian Economics.

All Works

Agree or Disagree? On the Role of Negotiations for the Valuation of Business Enterprises

Philosophy and MethodologySubjectivismValue and Exchange

04/15/2019Quarterly Journal of Austrian Economics
Valuation of businesses must be based on appraisement, investment appraisal, and— terra incognita in Austrian economics—negotiation. Discounted cash flow and "relative valuation" methods are well-suited for negotiation purposes.
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Action, Time, and the Market

Philosophy and MethodologyPraxeology

03/30/2019Mises Daily Articles
Humans use action to attain certain ends. But they must choose what actions to take. And choice also requires judgment about the best way to achieve the preferred ends.
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The Theory of Interest Rates

Capital and Interest Theory

03/28/2019Audio/Video
What are interest rates, where do they come from, and what purpose do they serve? Economist Jeffrey Herbener explains why Turgot, Böhm-Bawerk, and Mises got it right.
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Liberty vs. War: A Brief History

Free MarketsWar and Foreign PolicyWorld HistoryInterventionism

03/25/2019Mises Daily Articles
States love wars because they enable the state, under the slogans of "defense" and "emergency," to impose a tyranny upon the public that might have been openly resisted in time of peace.
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The Place of Economic Calculation in the Economic Theory of Ludwig von Mises

SocialismCalculation and KnowledgeSubjectivism

03/20/2019Quarterly Journal of Austrian Economics
The marginalist revolution posed a fundamental problem for economic theory. Mises’s approach not only solved the problem of economizing resources in a division of labor, but provides a robust framework for economic research.
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