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Hello altogether, a question that is in my mind for quite a while already: When and under which conditios can I make sense to constraint yourself (even if there is NO budget-constraint) in order to maximize your utility? Are there any theories on that topic? I've summed up my thoughts here: http...
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Was wondering if there are any articles/books that has info got what theories/models the austrian school believes is correct on consumption. Additionally, are there articles which provide rebuttals against keynesian consumption theory? (surely there must be as it makes the massive assumption that consumers...
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I have been reading and listening to lectures on Mises for about a year. I am now in my first Economics class...Macroeconomics. When we covered fiscal policy, we talked about government spending (G) increasing causing consumption to rise( C ) and leading to an increase in investment. Is this the basic...
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I am studying for an exam on Control Theory (the mechatronics stuff) and it came to my mind that I could prove (showing the absurd) the impossibility of controlling economic cycles. My first idea was to demonstrate that when central banks or economic ministers try to control the economy they are actually...