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[quote user="David Z"] friend of mine just FB'd this to me. I just threw it on Reddit/Economics a moment ago. Haven't watched it yet, but Roberts involved it'll probably be good. [/quote] I think I beat you to it!
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Russ Roberts' brainchild finally finished.
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After a quick glance at the micro textbook , my answer is that your indifference curves might look like this: I like your little example too. If you wanted to gather as many utils as possible, you'd prefer to live in a oven. On the other hand, I don't think I'd call "a 1 degree rise in temperature" an economic good worthy of giving
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If you're confused with the model, it might be worth trying to understand it first, then go looking for critiques. I know Reisman has one in his Capitalism . There's a critique of Keynesianism that begins on page 863 [913 of 1100] and the IS-LM critique begins on page 879 [929 of 1100]. I suppose the whole chapter is worth reading.
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[quote user="Esuric"]Keynes believed people valued money because it reminded them of their own shit (he seriously believed this).[/quote] I really want to see a source for this.
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Don Boudreaux has some good Tobin Tax-bashing pieces on Cafe Hayek: http://cafehayek.com/2009/11/krugman-on-the-attac.html [quote]Paul Krugman supports a “Tobin tax” as a means of reducing speculation (” Taxing the Speculators ,” Nov. 27). Bad idea. Speculators buy assets only when they predict that these assets’ prices
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[quote user="Libertyandlife"] David Friedman has interesting ideas, if an anarcho capitalist society were to exist, I think it would make most sense for it to be implemented gradually. [/quote] I agree with this in principle, but reality leads me to a very different conclusion. The immediate eradication of the State would mean that many many
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[quote user="Thedesolateone"] [quote user="liberty student"] [quote user="Jonathan M. F. Catalán"]He's not an Austrian, and I don't know how many people here like him, but Tom Palmer is an excellent public speaker and an excellent writer.[/quote] He's a liar and a demagogue. Not a fan. [/quote] http:
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I kid of agree with nir. Why does the question assume that the officer must choose someone to die in the first place?
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Bob Murphy is a pretty funny guy...his blog is a hoot to read. Since someone has to say it, I'm going to nominate J.M. Keynes. If there was a word to describe him it would be "charismatic".