MISES: Interdisciplinary Journal of Philosophy, Law and Economics https://www.misesjournal.org.br/misesjournal <div style="text-align: justify;"> <p dir="ltr">MISES: Interdisciplinary Journal of Philosophy, Law and Economics , scholarly and peer-reviewed journal (print and on-line) published three times a year by Instituto Mises Brasil which was founded in 2007. The topics covered in the journal mainly include (but not limit to): Epistemology and Ethics, Economics, Methodology and Praxeology, History of Economic Thought, Society, Legislation and Politics, Culture and Freedom.&nbsp;</p> <p dir="ltr">The journal is published in Portuguese, Spanish and English. The e-journal provides free and open access to its content on our website.</p> </div> Instituto Mises Brasil en-US MISES: Interdisciplinary Journal of Philosophy, Law and Economics 2318-0811 <p>&nbsp;</p> <p><a href="http://creativecommons.org/licenses/by/4.0/" rel="license"><img style="border-width: 0;" src="https://i.creativecommons.org/l/by/4.0/88x31.png" alt="Creative Commons License"></a><br>&nbsp; This Journal is licensed under a <a href="http://creativecommons.org/licenses/by/4.0/" rel="license">Creative Commons Attribution 4.0 International License</a>.</p> The concepts of "Uncertainty" for Austrians and Post-Keynesians. https://www.misesjournal.org.br/misesjournal/article/view/865 <p class="western" align="justify"><span style="color: #000000;"><span style="font-family: Calibri, serif;"><span style="font-size: small;"><span style="color: #3d3d3d;"><span style="font-family: Fontin, serif;"><span style="font-size: xx-small;">Distinct in several respects, the Austrian School and the Post-Keynesians consider the idea of "uncertainty" to be fundamental. This work is based on an Austrian perspective to explain to what extent the Post Keynesian approach fails to understand the idea of "uncertainty", with emphasis on the formulation of governmental policies. In particular, the paper addresses an attempt at "reconciliation" between the two schools by Gerald O'Driscoll Jr. and Mario Rizzo, which generated a debate between several Austrian economists and Paul Davidson, a post-Keynesian author. As a cause and solution to the controversy, the great influence on the authors of Economics of Time and Ignorance, namely the contentious nature of Ludwig Lachmann's theory in relation to the Austrian School itself will be highlighted, considering the uncertainty as a fact that makes impractible the observation of an effective coordination among the actions of dispersed agents.</span></span></span></span></span></span></p> Paulo Hora Andrade III ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 2018-11-26 2018-11-26 6 3 10.30800/mises.2018.v6.865 The Z Curve: https://www.misesjournal.org.br/misesjournal/article/view/311 <p class="western" align="justify"><span style="color: #3d3d3d;"><span style="font-family: Fontin, serif;"><span style="font-size: xx-small;">The demand for a Giffen good is atypical, i.e. it increases as prices rise. The traditional representation for this phenomenon is a simple upward sloping demand curve. This model is very problematic, because it implies that demand can oscillate between infinity and negative infinity, an unrealistic scenario to say the least. In this paper we briefly discuss the problems with the traditional model and propose a better one: the Z curve. Because Giffen goods are a consequence of a reduction in the consumer’s income, the Z curve illustrates the effects of this change on wealth. Our goal here is not to dismiss the mental construction of Giffen Goods entirely . Rather, we bring forth what we believe to be a more precise method to graphically represent Giffen Goods.</span></span></span></p> Walter Block Gabriel Philbois, Mr. ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 2018-11-23 2018-11-23 6 3 10.30800/mises.2018.v6.311 How can Democracy Survive? https://www.misesjournal.org.br/misesjournal/article/view/531 <p class="western" align="justify"><span style="color: #3d3d3d;"><span style="font-family: Fontin, serif;"><span style="font-size: xx-small;">In 2018, the Brazilian faces an important democratic process in the New Republic represented by the elections, which will define Brazil's course for the coming years. This article aims to propose solutions to solve or alleviate the theoretical and practical problems encountered in a democratic regime. For that, the methodological tools of the research center of the Austrian School were used, incorporating in the democratic institutions those elements present in the free market process that make it desirable. It has been shown how the proposed solutions make the democratic system more suitable to serve the interests of citizens.</span></span></span></p> Mathias Negrão Kux ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 2018-11-23 2018-11-23 6 3 10.30800/mises.2018.v6.531 The History of Politics in Angola https://www.misesjournal.org.br/misesjournal/article/view/947 <p class="western" align="justify"><span style="color: #3d3d3d;"><span style="font-family: Fontin, serif;"><span style="font-size: xx-small;">The political, economic and social instabilities of the African countries have been seen as one of the biggest challenges to be overcome in the current days. Today, the lack of economic and social freedom is the great problem that makes the weak effort of the African politicians on consolidating the political and economic systems in permanent crisis, even more vulnerable. We attempt to understand the reasons of the increasing levels of bribery of the public and private institutions besides the deficit of a political ethics and other corrosive factors of the African nations that make it a continent with a high level of vulnerability. So, we task ourselves to draft a historic line of the political thought of one of the most promising countries of the African continent: Angola. This is achieved through the use of historic sources that chain the main political events of the history of Angola that led to the independence and that succeeded. It is concluded that the state intervention based on ideas socialist / communist ideas has been, as theoretically proved by the Austrian School, harmful to the socio-economic development of the African country and it is suggested a review to such intervention to be completed in a future paper.</span></span></span></p> Tomás Fernando Camba ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 2018-11-05 2018-11-05 6 3 10.30800/mises.2018.v0.947 Price Subsidy Policy in Brazilian Agriculture: https://www.misesjournal.org.br/misesjournal/article/view/629 <p class="western" align="justify"><span style="color: #3d3d3d;"><span style="font-family: Fontin, serif;"><span style="font-size: xx-small;">The present article aims to indicate the peculiarities and contradictions found in the price subsidy policies in Brazilian agriculture in the last decade. Despite State efforts carried out through the Minimum Prices Guarantee Policy (PGPM, in the original Portuguese), they have not been a good alternative for several producers. The Austrian School interpretation indicates that the information is not available in a homogenous way to economic agents and price interventions regarding the grant of subsidies, it bears unrevealed costs that raise the information asymmetry of the candidates for the minimum price policy, being unable to reach its objective of reducing such market information asymmetry.</span></span></span></p> Douglas Paranahyba de Abreu Adriano de Carvalho Paranaiba Alcido Elenor Wander ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 2018-11-02 2018-11-02 6 3 10.30800/mises.2018.v0.629