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Hello to all, Can anybody evaluate for me the 2 nd chapter of Robert Solow's Growth Theory book? His base of claim is that the level of employment moves toward a steady state, another thing I noted is that he makes fairly basic assumptions such as, if the level of employment is higher, then there will be more output. Aren't there any flaws with
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Hello to all, If you can tell from the title of this thread I have just finished Frank Hahn's Inflation and Money . A main premise of his book is that an increased quantity of money isn't necessarily a condition for inflation. I have trouble following his terminology, so I am interested if anybody can explain here what he's saying and if
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Hello eliotn, Thanks for the reply. Apparently forum members aren't into agriculture, so you answer was very insightful. When you're not so tired later, could you expand on how supply and demand/subjectivity determines wages? Warm Regards, Matt
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Good morning to all, I bought a copy of Clark and Haswell's Economics of Subsistence Agriculture and he makes a few, somewhat assumptions that I would like you fellow economists to take a stance on. Some excerpts: page 147: “Analysis shows that wages are, as theory predicts, determined by the money value of the marginal product, and that the
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On the bank created money vs. Government created money, is there more demand for one over the other, and how would government money be more inflationary than bank money? For the other questions, at what rate of inflation would consumers decide to barter? As for this, do you agree http://en.wikipedia.org/wiki/Cantillon_Effect#Monetary_theory ? Why do
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Good evening to all, The below have randomly popped up through my mind reading certain threads. Could you give me your belief of the following and/or why you agree/disagree Government money creation vs. Bank money creation; The accuracy of predicting supply/demand for businesses in a capitalist economy; legality of property taxes; Barter during inflation;
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eliotn and Smiling Dave, Thank you.
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Hello Wheylous, I happened to read that link yesterday and related threads, no objections on my part. I am more inclined to what the general consensus of the Austrian school is toward the latter parts. Are you aware of any recent works on the theory of inflation, something much more recent than Mises but just as/more informative? Warm Regards, Matt
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Greetings The Individualist, Try a google search on McDonald v. Chicago, it was the most recent case on second amendment rights and a landmark decision. The SCOTUS ruled that it applied to the states, i.e. it was a pro-gun ruling. This link is plenty for any research you may want to take up: http://www.chicagoguncase.com/case-filings/#SupremeCourt
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Hello to all, I am looking for a thorough critique of the Mitchell school of Chartalism from an Austrian perspective (this is different from the Mosler school discussed before). A few general beliefs of Mitchell listed here, divergences are at the bottom. A nation is sovereign of its own currency, and used to pay taxes and buy goods etc. The government