My article is included in the launch titles as “Can Government Increase Social Welfare?”. The paper is published in Finnish.

Two very important and influential economics books have been finally published in Finnish. Especially professor Rothbard’s What Has Government Done to Our Money? is a classic that is regarded as one of the best introductions to the very confused and complicated issue of money. Rothbard’s book is available online in English.

Jim Cox’s The Concise Guide to Economics is with the words of Nobel-laureate Milton Friedman: “…a noble effort to put so briefly so many fundamental ideas.” His book covers a wide range of topics in a shortest space possible and serves also as a reference guide for further reading. Cox’s book is also available online in English.

Oh, and in case you wonder – yes, they are my translations

Government’s Role in Early Stage Growth Companies: An Austrian Perspective to the Finnish Innovation System

Professor Risto Harisalo (Department of Managerial Studies – University of Tampere, Finland) has written the following about the book:

“The current financial downturn emphasizes at least two important questions. The first is how to create favorable conditions in which new companies with great growth potential can emerge and develop. The second is how to sensibly analyze this process on which the future of society is so dependent.

The book of Petri Kajander grapples both of these theoretically and practically complex questions. He elaborates main features of how small companies are being originated and developed in market process. Then he goes on to evaluate to what extent this process is being supported by financial institutions in which, he shows, are some serious imperfections.

His analysis is well written and justified in the Austrian tradition which is gaining ground from traditional economic analysis which proved incompetent to predict the financial crisis and provide ideas and means to get out of it. He shows that there is continuous demand for spontaneous process of mutual discovery but it is not matched by financial support systems which are mainly public. He locates his analysis into the specific aspect of all areas of human behavior, the human choosing, in universal science, praxeology.

The author writes clearly and understandable. He provocatively challenges orthodox economic thinking. His book is worth reading even if a reader disagrees with his arguments.”

(Next guest appearances on Evident Footprints on 12th and 25th of March at

10:00 PM – 11:00 PM (PST)
1:00 AM – 2:00 AM (EST)
6:00 AM – 7.00 AM (CET – the 13th and 26th of March)

The shows can be listened to for free from BBS Radio at the above stated times and they will also be later available as recordings.)

10:00 PM – 11:00 PM (PST)
1:00 AM – 2:00 AM (EST)
7:00 AM – 8.00 AM (CET – the 6th and 26th of Feb)

The shows can be listened to for free from BBS Radio at the above stated times and they will also be later available as recordings.