Books

The Problem of Production: A New Theory of the Firm. (Routledge, 2016.) The theory of the firm has been fertile ground for economists. Bylund proposes a new theory, rooted in Austrian economics, which examines the firm as a part of the market, and not as a free-standing entity. In this integrated view, a theory is offered which incorporates entrepreneurship, production, market process and economic development.

The Seen, the Unseen, and the Unrealized: How Regulations Affect Our Everyday Lives. (Lexington, Expected release: August 15, 2016) This book illuminates the effects of regulations on people’s everyday lives by working through the ripple effects of changes. Thus, the book provides a fundamental understanding of the economy as an organism rather than a machine and enlightens the reader by offering a model for understanding the economy and market. Regulations, which are restrictions placed on the working of the economy, have consequences—both intended and unintended, direct and indirect. While the direct effects are well understood, the indirect effects are often overlooked because they don’t fit with the machine understanding of an economy. More to the point, this book emphasizes the real effects of regulation and market change on individual actors, thereby stressing how the economy works to provide an individual with the options that exist in choice situations. We draft a new definition of prosperity and well-being that focuses on the individual’s access to valuable alternatives. From this point of view, the real implications of regulation are traced step by step, following the logic of exchange and the effects on individual actors rather than the economy as a whole.

 

Edited Books

Bylund PL, Howden D. 2015. The Next Generation of Austrian Economics: Essays in Honor of Joseph T. Salerno. Auburn, AL: Ludwig von Mises Institute.

Alexandersson H, Bylund PL. 2002. Sådan är kapitalismen! Stockholm: Frihetsfrontens förlag.