It is now time to move from a case where credits are given to producers to where consumers are being given credits. Indeed, the general effects of an increase of money via consumers' credits, which will result in an increased relative demand for consumers' goods compared to producers' ones...
Posted to
The Critiques: An Analysis
by
laminustacitus
on Thu, Sep 3 2009
Filed under: F.A. Hayek, Prices and Production, Hayek, economics, theory of capital, monetary theory, aggregates, markets, business cycles
Once again, as done in previous lectures, we shall analyze the results of a scenario where consumers decide to save, and accordingly invest a larger portion of their income than before; however, here we shall see the effects the price of goods will have on the entire structure of production. As in the...
At last we are ready to begin the main problem of this lecture, that is the problem of how a transition to a more capitalistic structure of production, or vice versa, is brought about, and what are the conditions that must be fulfilled for a new equilibrium to be brought about. The first of the two is...
It is now time to add the flow of money into Hayek's theoretical apparatus. While the Hayekian triangle is used to illustrate the movement of goods through the economy's structure of production, it is just as legitimately utilized as a schematic to elucidate the flow of money. When the goods...
Posted to
The Critiques: An Analysis
by
laminustacitus
on Thu, Jun 4 2009
Filed under: F.A. Hayek, Prices and Production, Hayek, economics, theory of capital, monetary theory, assumptions, prices, markets
Welcome to my new blog here on Mises.org. It's been a few years since I've had the inspiration to speak to the world on a regular basis. When I last blogged regularly, the future looked brighter than ever as capitalism was spreading across the planet in a seemingly-unstoppable avalanche. China...
Posted to
We The People
by
Xtapolapocetl
on Tue, Apr 21 2009
Filed under: politics, capitalism, socialism, tyranny, markets, economics, freedom