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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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My economics teacher is a whole sale idiot. We've gotten into several little scuffles over the course of class and I think it's fair to say that there is a mutual hatred between the two of us. I knew I was in for a doozy when on the first day he said that he'd earned his masters in economics...
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can anyone give me an advice, or recommend any guide on how to read the book "Prices and Production" by hayek? It seems like he's just talking about random things to me, LOL. He starts from talking about money then suddenly jumps to talking about people or experience in life that has nothing...
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I understand ABCT but I can't understand some aspects of Structure of Production diagramm (used in Hayek's "Prices and Production" and other books on ABCT(de Soto for example)): how to get from fig.2 to fig.3 (see image below)? Fig.3 shows how the structure of production changes when...
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In " Return to Honest Money " ( http://fofoa.blogspot.com/2011/05/return-to-honest-money.html ), blogger FOFOA discusses the idea of Freegold in the context of some writings from prominet Austrian School economists, focusing on Mises, Menger, Hayek, and in particular Mises' ideas regression...
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I thought that the folks on this forum would appreciate this music video that I came across. Fight of the Century: Keynes vs. Hayek Round Two http://www.youtube.com/embed/GTQnarzmTOc Enjoy :) P.S. I apologize for double-posting, I realized that this forum was more appropriate. Mods, please delete the...
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Source of your quote please. Concerning Hayek's view on anarchism : We all know that Hayek was no anarchist, but two points are worth making about "Hayekian anarchism." 1. The argument is that the force of Hayek's own analyses point in the direction of a stateless society even if he...
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It is useful to differentiate four aspects of social structure: the (1) personal, (2) socio-ontogenetic [organismic], (3) cultural, and (4) societal. The socio-ontogenetic or organismic, via bodily changes and affectual motivations, operates at the deep-structural level; cultural tradition, via institutions...
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- From Harpers in 2009 - any comments on it? I think he is out to lunch... In terms of the Austrian influence on America. An Austrian Tyranny over America? By Scott Horton On July 14, 1927, a jury acquitted three right-wing nationalists who were accused of attempted murder after firing on a protest staged...
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What??? I have only been studying this for a short while, but even I know this a gross misrepresentation - any comments? Hayek was associated with the Austrian school, ascendant in the 19th and early 20th centuries, which argued that the private sector should be left free to carry out the task of any...