Private property rights and the resolution of externality through the market process
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Mises |
Texto Completo: | https://revistamises.org.br/misesjournal/article/view/1422 |
Resumo: | This paper aims to carry out a narrative review of the market and its possible failures commonly cited in mainstream economics texts and studies that, even when they argue against state interference in the economy, justify exceptions based on market failures. So, choosing one of the most commonly cited market failures - the externalities - this paper analyzes how this problem would be solved (and even not created) by the precise definition of private property rights and by the free market through theoretical review by mainstream economics authors and the Austrian School on markets, market failures, externalities, among others. Thus, making the rationale of mainstream economics evolve by correcting it through Austrian School praxeology and show that a market solution through precise private property rights to the problem of externalities is more efficient both in avoiding it and in solving it if it occurs. |
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Private property rights and the resolution of externality through the market processDerechos de propiedad privada y resolución de externalidad por parte del proceso de mercadoDireitos de propriedade privada e a resolução da externalidade pelo processo de mercadoMercadoExternalidadesPropriedadeFalhas de MercadoDireitosMarketExternalityPropertyMarket FailuresRightsMercadoExternalidadPripriedadFallos del MercadoDerechosThis paper aims to carry out a narrative review of the market and its possible failures commonly cited in mainstream economics texts and studies that, even when they argue against state interference in the economy, justify exceptions based on market failures. So, choosing one of the most commonly cited market failures - the externalities - this paper analyzes how this problem would be solved (and even not created) by the precise definition of private property rights and by the free market through theoretical review by mainstream economics authors and the Austrian School on markets, market failures, externalities, among others. Thus, making the rationale of mainstream economics evolve by correcting it through Austrian School praxeology and show that a market solution through precise private property rights to the problem of externalities is more efficient both in avoiding it and in solving it if it occurs.Este artículo tiene como objetivo hacer una revisión narrativa sobre el mercado y sus posibles fallas comúnmente citadas en los textos y estudios de economía dominante que, incluso cuando argumentan en contra de la interferencia del Estado en la economía, justifican excepciones sobre la base de fallas. Por lo tanto, destaque una de las fallas más comúnmente citadas, como las externalidades, este artículo analiza cómo este problema se resolvería (e incluso no se crearía) mediante la definición precisa de los derechos de propiedad privada y por el libre mercado a través de una revisión teórica por parte de los principales autores económicos y la Escuela Austriaca sobre mercados, fallas de mercado, externalidades, entre otros. Por lo tanto, se puede desarrollar el razonamiento económico convencional corrigiéndolo a través de la praxeología de la escuela austriaca y mostrar que una solución de mercado a través de derechos de propiedad privada precisos al problema de las externalidades es más eficiente tanto para evitarlo como para resolverlo si ocurre.Este trabalho tem como objetivo estudar o processo de mercado e suas possíveis falhas comumente citadas nos textos e estudos de economia mainstream que, mesmo quando argumentam contra a interferência estatal na economia, justificam exceções com bases nestas supostas falhas. Então, escolhendo uma das falhas mais comumente citadas – as externalidades - este trabalho analisa como este problema seria resolvido (e até mesmo não criado) pela definição precisa de direito de propriedade privada e pelo livre mercado por meio de revisão teórica de autores da economia mainstream e da Escola Austríaca sobre mercados, falhas de mercados, externalidade entre outros. Assim, pode-se evoluir o raciocínio da economia mainstream corrigindo-o por meio da praxeologia da Escola Austríaca e mostrar que uma solução de mercado por meio de direitos precisos de propriedade privada para o problema das externalidades é mais eficiente tanto em evitá-la como em solucioná-la caso ocorra.Instituto Mises Brasil2021-12-20info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://revistamises.org.br/misesjournal/article/view/142210.30800/mises.2021.v9.1422MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 9 (2021): Special IssueMISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 9 (2021): Edición temáticaMISES: Interdisciplinary Journal of Philosophy, Law and Economics; v. 9 (2021): Edição Especial2594-91872318-0811reponame:Misesinstname:Instituto Mises Brasilinstacron:IMBporhttps://revistamises.org.br/misesjournal/article/view/1422/718Copyright (c) 2021 MISES: Interdisciplinary Journal of Philosophy, Law and Economicshttp://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessLo Turco Martinez, João Roberto2021-12-20T11:55:47Zoai:ojs.emnuvens.com.br:article/1422Revistahttps://revistamises.org.br/misesjournalPRIhttps://revistamises.org.br/misesjournal/oairevista@mises.org.br2594-91872318-0811opendoar:2021-12-20T11:55:47Mises - Instituto Mises Brasilfalse |
dc.title.none.fl_str_mv |
Private property rights and the resolution of externality through the market process Derechos de propiedad privada y resolución de externalidad por parte del proceso de mercado Direitos de propriedade privada e a resolução da externalidade pelo processo de mercado |
title |
Private property rights and the resolution of externality through the market process |
spellingShingle |
Private property rights and the resolution of externality through the market process Lo Turco Martinez, João Roberto Mercado Externalidades Propriedade Falhas de Mercado Direitos Market Externality Property Market Failures Rights Mercado Externalidad Pripriedad Fallos del Mercado Derechos |
title_short |
Private property rights and the resolution of externality through the market process |
title_full |
Private property rights and the resolution of externality through the market process |
title_fullStr |
Private property rights and the resolution of externality through the market process |
title_full_unstemmed |
Private property rights and the resolution of externality through the market process |
title_sort |
Private property rights and the resolution of externality through the market process |
author |
Lo Turco Martinez, João Roberto |
author_facet |
Lo Turco Martinez, João Roberto |
author_role |
author |
dc.contributor.author.fl_str_mv |
Lo Turco Martinez, João Roberto |
dc.subject.por.fl_str_mv |
Mercado Externalidades Propriedade Falhas de Mercado Direitos Market Externality Property Market Failures Rights Mercado Externalidad Pripriedad Fallos del Mercado Derechos |
topic |
Mercado Externalidades Propriedade Falhas de Mercado Direitos Market Externality Property Market Failures Rights Mercado Externalidad Pripriedad Fallos del Mercado Derechos |
description |
This paper aims to carry out a narrative review of the market and its possible failures commonly cited in mainstream economics texts and studies that, even when they argue against state interference in the economy, justify exceptions based on market failures. So, choosing one of the most commonly cited market failures - the externalities - this paper analyzes how this problem would be solved (and even not created) by the precise definition of private property rights and by the free market through theoretical review by mainstream economics authors and the Austrian School on markets, market failures, externalities, among others. Thus, making the rationale of mainstream economics evolve by correcting it through Austrian School praxeology and show that a market solution through precise private property rights to the problem of externalities is more efficient both in avoiding it and in solving it if it occurs. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-12-20 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://revistamises.org.br/misesjournal/article/view/1422 10.30800/mises.2021.v9.1422 |
url |
https://revistamises.org.br/misesjournal/article/view/1422 |
identifier_str_mv |
10.30800/mises.2021.v9.1422 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://revistamises.org.br/misesjournal/article/view/1422/718 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2021 MISES: Interdisciplinary Journal of Philosophy, Law and Economics http://creativecommons.org/licenses/by/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2021 MISES: Interdisciplinary Journal of Philosophy, Law and Economics http://creativecommons.org/licenses/by/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Instituto Mises Brasil |
publisher.none.fl_str_mv |
Instituto Mises Brasil |
dc.source.none.fl_str_mv |
MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 9 (2021): Special Issue MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 9 (2021): Edición temática MISES: Interdisciplinary Journal of Philosophy, Law and Economics; v. 9 (2021): Edição Especial 2594-9187 2318-0811 reponame:Mises instname:Instituto Mises Brasil instacron:IMB |
instname_str |
Instituto Mises Brasil |
instacron_str |
IMB |
institution |
IMB |
reponame_str |
Mises |
collection |
Mises |
repository.name.fl_str_mv |
Mises - Instituto Mises Brasil |
repository.mail.fl_str_mv |
revista@mises.org.br |
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1798313179728576512 |