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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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[quote user="Jonathan M. F. Catalán"] They actually do. Let's say that producer A sells an automobile for $1,000. The $1,000 in $_currency represents the automobile. In barter, the producer would have sold the automobile directly for another good that he or she was looking for. Money...