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Mateusz Machaj

Tags Gold StandardMoney and Banking

Works Published inMises Daily ArticleQuarterly Journal of Austrian Economics

AwardsLawrence W. Fertig Prize in Austrian EconomicsDouglas E. French Prize at Mises University

Mateusz Machaj is a Fellow of the Mises Institute who received his PhD in economics from the University of Wroclaw. He is a founder of the Polish Mises Institute of Economic Education and five time Research Fellow of the Mises Institute (2005-2009). He received the Douglas E. French Prize and the Lawrence Fertig Prize in Austrian Economics. Dr. Machaj is the author of Capitalism, Socialism and Property Rights: Why Market Socialism Cannot Substitute the MarketMoney, Interest and the Structure of Production: Resolving Some Puzzles in the Theory of Capital, and The Rise and Fall of the First Galactic Empire: Star Wars and Political Philosophy

All Works

The Wage-Gap Debate Is Based on Junk Science

Calculation and Knowledge

Without the marketplace, we cannot calculate the value of workers, whether male or female. There is no "objective" measure of an employee.
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Interest and the Length of Production: A Reply

Labor and WagesCapital and Interest Theory

12/07/2017Quarterly Journal of Austrian Economics
A lower interest rate does lead to building more of the capital structure supplemented by reallocation of labor into later stages of production.
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Foreign Investment Is Not a Problem for the Domestic Economy

We don't have to worry about paying for foreign capital any more than we must worry about paying for foreign oil. Both trades benefit the domestic economy.
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Oxfam's Hypocrisy on Private Wealth

The EntrepreneurWorld HistoryPolitical Theory

By Oxfam's methods, anyone with a few bucks in the bank is causing poverty for the bottom 10%. Oxfam, of course, has much more than a few bucks.

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Stiglitz Is Wrong About Marginal Pricing



Rising income inequality and concentration of resources into fewer large firms are not a problem for marginal-pricing theory.

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