-
Mises often says that math & graphs can be used for undergraduate students, they help visualize concepts.
-
[quote user="krazy kaju"] Well, the fact remains that slavery is a state enforced institution, it is not something that can arise or even exist in anarchy. [/quote] This sentence does not make much sense. You can either define anarchy as a social system without monopoly of coercion, and you can judge anarchy as a social system from this point
-
Well. Scandinavian countries were the richest from a per capita point of view before the wave of socialism in the sisties and seventies. NOw they lost many positions, except for oil-rich Norway. That's no much of a success... in the last two decades they have reduced public spending to some 60-70% of GDP to 50-60% because the previous levels were
-
Monetary inflation would be distributionally irrelevant if it were neutral. If all prices and all incomes increased by 10% per year, there would be no real effect of monetary ifnlation. However, it is not true that monetary inflatiion is neutral. Otherwise, there wouldn't be counterfeiters: their very existence proves that money has effects on relative
-
Take a look at the journals: QJAE and RAE. Besides, you may read "monetary history of the US: 1867-1960" by Friedman and Schwartz, which however it is not spefically about free banking, and "the theory of free banking" by George Selgin.
-
If you deposit 100$ in a 10%-reserve bank, you will get 100$ gold certificates which you can spend as if you had 100$ buillion. If the bank lends 90$, a firm will get a 90$ gold certificates (a checking account redeemable at demand into gold). Than another 81$, and so so. At the end of the process there will be 1000$ gold certificates for 100$ buillion
-
I tried but their server was off, besides, I don't speak french. As far as I know the seminar is bilingual and takes place at the end of August. It is called "conference of the new economics" or something like that, I believe that in French nouvelle economie does not mean "keyenesian". :-D Try this: http://www.libres.org/francais
-
[quote user="Jon Irenicus"] LibertyFirst, mayhap you have links to these seminars? Are they in English? I'm particularly interested in the prospect of Summer seminars with the Spanish Austrians. -Jon [/quote] I cited a lot of stuff... let me see: Prague: http://pcpe.libinst.cz/pcpe08/ Spain: http://www.juandemariana.org/pagina/101/congreso
-
In europe there is Huerta de Soto (Madrid) and there is a Spanish conference on Austrian Economics; there's another one in Prague. Each year there is a seminar on Austrian economics in Aix-en-Provence (France) and a Mises Seminar in Sestri Levante (Italy), organized by the Istituto Bruno Leoni (technically it is not a conference, but a seminar,
-
Longer processes need not be more productive. For example, you can obtain longer processes by wasting time doing nothing. But waiting is a cost, so a longer process which is less productive than, or even as productive as, a shorter process is a praxeological non-sense. Someone would wait more to achieve the same thing he had achieved sooner by other