February 2009 - Posts

Economics, and Judgments of Value
Published Thu, Feb 19 2009 3:38 AM | laminustacitus
Without a doubt, one of the most vexing faults to be found in economic analyses is the inclusion of judgments of value into the inquiry. As an action, a judgment of value is one during which individual expresses his preferences, and, due to the fact that...
Prices and Production, Lecture I: Part I
Published Sun, Feb 15 2009 5:57 AM | laminustacitus
The first lecture of Prices and Production is primarily concerned with the critique of aggregates and contemporary economics, premodern theories of money and interest, the doctrine of forced savings, and the role of the interest rate in respect to keeping...
Prices and Production: Hayek's Assumption
Published Mon, Feb 9 2009 4:59 PM | laminustacitus
Hayek realized that many of the difficulties involved with the first edition of Prices and Production could not be clarified without rewriting the entire book. Indeed, those obstacles were inherent in the mode of expression that he decided to utilize...
Prices and Production: A Few Historical Notes
Published Mon, Feb 9 2009 6:31 AM | laminustacitus
Prices and Production arose, not as a book in and of itself, but out of a series of four lectures that Hayek gave during the 1930-1931 session of the LSE about Hayek’s recent contributions to, in his own words, “theoretical economics”...
"Biography of F.A. Hayek (1899-1992)" by Peter G. Klein
Published Mon, Feb 9 2009 5:40 AM | laminustacitus
Before one begins to read the live-blogging of my study of Hayek's Prices and Production , I highly suggest that Peter G. Klein's splendid little biography of him becomes prioritized for reading.
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Published Fri, Feb 6 2009 4:56 PM | laminustacitus
Welcome to my blog: “The Critiques”, I pray that you will enjoy its content as well as find it a well written, and intriguing analysis. This inaugural blog post will be to explain what I intend to do here, and how I shall go about doing it...
A Critique of Externalities
Published Tue, Feb 3 2009 6:57 AM | laminustacitus
“Carried through consistently, the right of property would entitle the proprietor to claim all the advantages which the good’s employment may generate on the one hand and would burden him with all the disadvantages resulting from its employment...