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The Spatial Market Process

David Emanuel Andersson

Advances in Austrian Economics2012https://doi.org/10.1108/s1529-2134(2012)0000016003book-chapter
AJG 1
Weight
0.72

What the paper says

In “An Austrian Theory of Spatial Land,” Fred E. Foldvary addresses the disregard of spatial issues in basic Austrian economic theory as formulated by Carl Menger (1871) and elaborated upon by Ludwig von Mises (1940). Foldvary shows that Johann Heinrich von Thünen (1826) and Henry George (1879/1884), in particular, serve to fill these gaps in the classical Austrian theory of the market process. Moreover, a theory that incorporates spatial land leads to the conclusion that Austrian business cycle theory is incomplete: The “malspeculation” that accompanies urbanization whenever capital and labor rather than land are the main sources of tax revenue will have to be added to the malinvestment that is caused by expansionary monetary policies.

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https://doi.org/https://doi.org/10.1108/s1529-2134(2012)0000016003

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@article{david2012,
  title        = {{The Spatial Market Process}},
  author       = {David Emanuel Andersson},
  journal      = {Advances in Austrian Economics},
  year         = {2012},
  doi          = {https://doi.org/https://doi.org/10.1108/s1529-2134(2012)0000016003},
}

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The Spatial Market Process

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Evidence weight

0.72

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact1.00 × 0.4 = 0.40
M · momentum0.66 × 0.15 = 0.10
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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