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  • Goods and Austrian bads

    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...
    Posted to Economics Questions (Forum) by Buzz Killington on Wed, Oct 31 2012
  • On prices and taxes.

    I have a question about prices and taxes. Let's say that government cuts taxes by 10%, then people believe that prices should fall by 10%, same thing might happen with rising costs, if costs rise by X% there should be a X% increasement (approximately) in price. I can't figure out if this really...
    Posted to Economics Questions (Forum) by budmad on Tue, Feb 23 2010
  • Austrian Economics and Tally Sticks

    What is the Austrian School's take on "Debit Free", government issued, Tally Sticks? Pros? Cons? I keep seeing this idea being floated as I'm researching. I did a quick search around and couldn't find an official point of view on Tally Sticks from the Austrian perspective...
    Posted to Economics Questions (Forum) by Cowboy on Tue, Jan 26 2010
  • prices or profit

    Is it prices that are the true market information or is it profit? Imagine two industries: luxury sports cars and cancer pharmaceuticals. Lets say that the total revenue of the sports car industry is $1 million and the pharmaceutical industry is $1.1 million. Lets also say that the luxury car company...
    Posted to Economics Questions (Forum) by tir38 on Thu, Dec 17 2009
  • I need help applying a theory...

    I'm hoping someone can help me ... I'm trying to understand which type of situations I can apply or attribute to what Hayek referred to as being the result of "spontaneous order." It is my understanding these are things that are a result of human action and not human design.The market...
    Posted to Economics Questions (Forum) by Anna Marie on Thu, Oct 29 2009
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