The Problem of Property in the Austrian School of Economics

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Aneta Kargol-Wasiluk
Marian Zalesko
Małgorzata Pietrzak

Abstract

The issue of property and ownership has been discussed in many economic doctrines. The authors' intention is to examine property in terms of the Austrian School of Economics. Ownership is here regarded as an integral part of freedom, whereby the owner of a particular good has an unrestricted right to use it. In the economy of most importance is private property which is unhampered by any restrictions. It is just on its foundations that any economic system should be based.
The authors of this study attempt to verify a hypothesis that any restrictions on private property contribute to a reduction in economic efficiency. Analysis of the problem is carried out based on the views of eminent representatives of the School. Most of the attention will be devoted to the thought of F. von Hayek and L. von Mises.

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How to Cite
Kargol-Wasiluk, A., Zalesko, M., & Pietrzak, M. (2011). The Problem of Property in the Austrian School of Economics. Studia Historiae Oeconomicae, 17-32. Retrieved from https://pressto.amu.edu.pl/index.php/sho/article/view/29217
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Author Biographies

Aneta Kargol-Wasiluk, University of Białystok

Aneta Kargol-Wasiluk — doctor of economics, worker of the Chair of History and Theory of Money of the Faculty of Economics and Management, University of Bialystok. She also worked for the Ministry of Economy and the Ministry of Regional Development (2005-2006). Member of PTE (The Polish Economic Society), Club of Austrian School of Economics, author or co-author of 17 scientific publications (7 of which were published in English). Scientific interests: economy of the public sphere, public finances, the public-private partnership, history of economic thought.

Marian Zalesko, University of Bialystok, Białystok

Marian Zalesko — doctor of economics, worker of the Chair of History and Theory of Money of the Faculty of Economics and Management, University of Bialystok. Co-editor (with Janusz Kaliński) of a monograph Od Wielkiego Kryzysu Gospodarczego do Wielkiego Kryzysu Finansowego. Perturbacje w gospodarce światowej w latach 1929-2009 [From the Great Economic Crisis to the Great Financial Crisis. Disruption in the World Economy in 1929-2009]. Scientific interests: economic history, history of economic thought, agricultural economics, methodology of economics.