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Hello, I remember reading a Mises book (might have been socialism, can't remember) wherein he deals with the idea of banning stuff for individuals' own good, says something like that it reduces utility. Any of you remember the exact quote?
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Happened to see this link posted on Wenzel's blog to a very recent research paper from Notre Dame University: http://nd.edu/~jwolff2/Research_files/Lester_Wolff_Austro_VAR_Aug_27.pdf Here's the abstract: Austrian Business Cycle Theory, as espoused by Mises (1912,1949) and Hayek (1935), predicts...
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Does the economic calculation problem apply to so-called "market socialism"?
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I had always hoped that the dumb yokels of the south would be on the side of Anarchism if the shit hit the fan (see: I hate da guvernmints), but there is a horrible, growing trend of these bastards that are becoming statists. Because who doesn't want free shit right? http://www.youtube.com/watch...
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This is a question asked in review of Chapter 4: Prices and Consumption in the Man, State, and Economy with Power and Market study guide written by Robert Murphy. I started this topic to ask the question and see if my response was right and also to inquire to see if anyone knew of any place in which...
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Ludwig Von Mises Makes the Libertarian Case against “Free Love” (and Implicitly Against Birth Control) http://coreyrobin.com/2012/02/15/love-for-sale-birth-control-from-marx-to-mises/ Robin also discusses Ron Paul on his site.
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Check out the documentary Demographic Winter . It features the Nobel Prize-winning Chicago economist Gary Becker , inter alii . It shows how economists are predicting a peak in world population by circa 2050. I am wondering what Austrian economists would think of this. Do they see a negative effect on...
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The documentary Demographic Winter features the Nobel Prize-winning Chicago economist Gary Becker , inter alii . It shows how economists and demographers are predicting a peak in world population by circa 2050. Gary Becker et al. argue that birthrates are the best economic indicator. Is this true? What...
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Under chapter 7 of Human Action under the part "2. The Law of Returns", there are some parts I don't quite follow: If we deviate from this optimal combination by increasing the quantity of C without changing the quantity of B , the return will as a rule increase further The producers goods...
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Mises in Human Action: “The disutility of labor is not of a categorial and aprioristic character. We can without contradiction think of a world in which labor does not cause uneasiness, and we can depict the state of affairs prevailing in such a world. But the real world is conditioned by the disutility...