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ViennaSausage's Favorites

852 Posts
19,800 Points
  • Re: Contribution of Marx

    By taking the labor theory of value to its logical conclusion, he probably helped expose its flaws and in doing so may well have indirectly contributed to the development of the subjective theory of value, even if by accident.
    by Coase
  • Re: Define Economics

    by neoclassical [micro-based] economists: I've studied economics for over twenty years. The more I think about it, though, the more I realize that I don't know what "economics" means anymore. Textbooks may say that economics is about...
  • Re: Defining recession. ABCT and Un/employment

    Here's Rothbard on the definition of recession... We live in a world of euphemism. Undertakers have become "morticians," press agents are now "public relations counsellors" and janitors have all been transformed into "superintendents...
  • Re: Fed Leaders Show Division Over Deflation

    Deflation is rabidly feared by institutions immersed in debt. Which institutions have the most debt in the world? Governments... Jörg Guido Hülsmann does a brilliant presentation of this here.
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