Browse by Tags

Prices, and Production: Lecture II, Part IV

Published Sat, Jun 6 2009 8:33 PM | laminustacitus

At last we are ready to begin the main problem of this lecture, that is the problem of how a transition to a more capitalistic structure of production, or vice versa, is brought about, and what are the conditions that must be fulfilled for a new equilibrium...

Filed under: F.A. Hayek, Prices and Production, Hayek, economics, theory of capital, monetary theory, prices, markets

Prices, and Production: Lecture II, Part III

Published Fri, Jun 5 2009 1:15 AM | laminustacitus

It is now time to add the flow of money into Hayek's theoretical apparatus. While the Hayekian triangle is used to illustrate the movement of goods through the economy's structure of production, it is just as legitimately utilized as a schematic...

Filed under: F.A. Hayek, Prices and Production, Hayek, economics, theory of capital, monetary theory, assumptions, prices, markets

Prices, and Production: Lecture II, Part I

Published Sun, May 24 2009 12:25 AM | laminustacitus

Lecture 2: “The Conditions between the Production of Consumers' Goods, and the Production of Producers' Goods” In order to understand how prices influence the amount of goods produced, it is necessary to understand the causes behind...

Filed under: F.A. Hayek, Prices and Production, Hayek, economics, theory of capital, prices