MISES: Interdisciplinary Journal of Philosophy, Law and Economics https://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 History of Politics in Angola https://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 10.30800/mises.2018.v0.947 Price Subsidy Policy in Brazilian Agriculture: https://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 10.30800/mises.2018.v0.629 The Cost of Populism in Argentina, 2003-2015 https://misesjournal.org.br/misesjournal/article/view/965 <p lang="en-GB" align="justify"><span style="font-family: 'Minion Pro', serif;"><span style="font-size: medium;"><span style="color: #000000;"><span style="font-family: 'Helvetica Neue', serif;"><span lang="en-US"><span style="font-family: Fontin, serif;"><span style="font-size: small;"><span lang="pt-BR">This paper studies the historical context, and economic and institutional impact of the Néstor Kirchner’s and Cristina Fernández de Kirchner’s presidencies (Kirchner-Kirchner administration) in Argentina. The effects of the major economic policies during their presidency are explained as well as the indices fall of the institutional quality. The challenges of stepping out of populism are also mentioned.</span></span></span></span></span></span></span></span></p> Nicolas Cachanosky ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 2018-11-02 2018-11-02 10.30800/mises.2018.v0.965 The Middle-Income Trap in the Perspective of the Austrian Capital Theory https://misesjournal.org.br/misesjournal/article/view/961 <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;">This paper applies the Austrian capital theory to the problem why emerging economies fall into the middle-income trap and how they may escape. The analysis puts entrepreneurial action at the center with a focus on the subjectivist nature of capital and on the role of the entrepreneur as the creator of the capital structure based on expectations and his imagination. The central thesis says that when a developing country has come close to the lower bound of the income level of the industrialized countries in its catch-up process but does not open its economy to free markets and entrepreneurship, further economic progress will fail, and the country remains in the middle-income range. The paper identifies grand-scale malinvestments induced by government policies as the main culprit for a country to become stuck in the middle-income trap. The policy conclusion of the analysis is that the way out of the middle-income requires not more, but less intervention. Instead of more government spending, less spending is required and instead of promoting a few big companies, the country must open its markets to the full potential of entrepreneurial action.</span></span></span></span></span></span></p> <p><strong>&nbsp;</strong></p> Antony Peter Mueller ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 2018-11-02 2018-11-02 10.30800/mises.2018.v0.961 A detour in the Road to Totalitarianism: https://misesjournal.org.br/misesjournal/article/view/967 <p class="western" lang="es-ES" align="center"><span style="font-family: 'Times New Roman', serif;"><span style="font-size: medium;"><strong>An extended review of the book “Causas y causantes del desastre económico en Venezuela. </strong></span></span><span style="font-family: 'Times New Roman', serif;"><span style="font-size: medium;"><span lang="en-US"><strong>Un homenaje a Hugo J. Faría” (Causes and agents of the economic disaster in Venezuela. A tribute to Hugo J. Faría)</strong></span></span></span></p> Nelson David Chávez Salazar ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 2018-11-02 2018-11-02 10.30800/mises.2018.v0.967