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19 June 2009
Menger on Natural Communism

This post is part of a series exploring Principles of Economics by Carl Menger. The following explores content from chapter 2 . Previously in this series: Menger on Economic vs. Non-Economic Goods As discussed before, economic goods (goods for which requirements exceed available quantities) necessitate... Read More...

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Filed under: Hesiod, Carl Menger, Economics

19 June 2009
Menger on Economic vs. Non-Economic Goods

This post is part of a series exploring Principles of Economics by Carl Menger. The following explores content from chapter 2 . Previously in this series: Menger on Property If a good is scarce (that is, if requirements for it exceed its available quantities), then it is an economic good, which is to... Read More...

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Filed under: Hesiod, Carl Menger, Economics, Gilgamesh

19 June 2009
Adam Smith and Hesiod

One does not need be a philosopher to have a working theory of morality. Nor need one be an economist to have a working theory of value. One can find implicit theories in the writings of any thoughtful person; and the ancient Greek poet Hesiod was a very thoughtful man. Conversely, one can be a philosopher... Read More...

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Filed under: Hesiod, Economics, Adam Smith, Murray Rothbard

19 June 2009
Menger on Foreseeing Requirements

This post is part of a series exploring Principles of Economics by Carl Menger. The following explores content from chapter 2 . Previously in this series: Menger on Effective and Latent Requirements According to Menger, the first prerequisite of effective planning (which is considering how to satisfy... Read More...

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Filed under: Hesiod, Carl Menger, Economics