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Since I am new in free market economics, I do not understand something. Others claim that Demand creates Supply (Keynsians or am I wrong?), while Austrian economics say that Supply creates Demand* . Can someone explain this to me, please? If Demand creates Supply is wrong? If so, why? Let's say for...
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This guy thinks so. http://www.debate.org/forums/economics/topic/30571
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Since I am ignorant in Economics, what are the factors that contribute to the prosperity? Is GDP? Prices? What else?
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Hello. I am trying to undestand the Financial Crisis 2008 and how it began. I watched the Overdose documentary, but I am still a little confused. Could you give me a simple explanation of how the crisis started, please? I would appreciate it if in your explanation, you would include answers in the following...
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Austrian economics claims that everyone values more of a good than less. However, I don't see how this can be universally true. For example, let's say that I have the choice between having my dog fetch me 2 dead cats to eat, and 5 dead cats to eat. I like to eat dead cats (for whatever reason...
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Is all of economics reducible to supply and demand?
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Can anyone explain to me how government steals from citizens by creating inflation? Thank you.
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You said: ”If it is measured in pecunary intrest then the free market wins everytime.” I am not sure about even this. Consider for example the description of the period from 1565 to 1592 in the life of the Huterian community, as reported in Journal of Political Economy (1924): ”[T]he...
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I have a question. spending as a percentage of GDP is used by politicians to described the amount of GDP CONSUMED by the government. However, If C+I+G=Y in the keynesian model they seem to love, , then is it not a logical fallacy to say talk about spending levels in terms of G/(C+I+G) because you are...
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http://mhpbooks.com/books/debt/?id=308 Claims money was established by kings/states. Denies that barter was the start of money. So far this book has glowing reviews (mostly from socialists) but does anyone who has read it know how accurate his claims are?