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I have nothing to lose but my chains!
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What utter nonsense, but I am not surprised at all being that I am a Korean and am familiar with the history of the statist actions of the Korean government. The track record of the abuses the South Korean government has committed against its own people is pitiful. On a side note, is anyone familiar with any Austrians or Austrian/Austrian-leaning institutions
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I have a question about the Cobb-Douglass Production Function: Y = A K L . I do not understand how one can possibly add up all the capital in a country. I understand how estimates can be made in terms of a singular firm but how does one add up all the capital of all individuals who all have different plans and considerations of what is and what is not
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Hi! I am new to this forum, but I have been reading from Mises.org for the last few months. I am currently studying the Austrian School and thought I would post a few, out of the many questions I have, on this forum as I study. If entrepreneur, in the economic sense, is the action of attempting to cope with uncertain future conditions and price discrepancies