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De-BamboozledThe first step to becoming De-Bamboozled is to take the Mises Institute Home Study Course in Austrian Economics
http://debamboozle.blogspot.com/
The first step to becoming De-Bamboozled is to take the Mises Institute Home Study Course in Austrian Economics
http://debamboozle.blogspot.com/
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De-Bamboozled | debamboozle.blogspot.com Reviews
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The first step to becoming De-Bamboozled is to take the Mises Institute Home Study Course in Austrian Economics
debamboozle.blogspot.com
De-Bamboozled: LvMI Home Study Course - Week 3 - LUDWIG VON MISES
http://debamboozle.blogspot.com/2009/03/lvmi-home-study-course-week-3-ludwig.html
The first step to becoming De-Bamboozled is to take the Mises Institute Home Study Course in Austrian Economics. Thursday, March 19, 2009. LvMI Home Study Course - Week 3 - LUDWIG VON MISES. 1 Did Mises always intend to be an economist? Mises first went to school to become an historian. 2 What book formed Mises’s intial views on economics? Mises formed his initial views on economics after reading Menger’s Principles of Economics in 1903. 3 What was Mises’s major post from 1909 until he left Austria?
De-Bamboozled: LvMI Home Study Course - Week 1 - What is Austrian Economics?
http://debamboozle.blogspot.com/2009/03/lvmi-home-study-course-chapter-1-what.html
The first step to becoming De-Bamboozled is to take the Mises Institute Home Study Course in Austrian Economics. Thursday, March 19, 2009. LvMI Home Study Course - Week 1 - What is Austrian Economics? 1 Why is the school called Austrian? 2 Who was the founder of the Austrian School? Carl Menger founded the Austrian School. 3 According to Taylor, what was the primary contribution of Weiser? 4 According to Taylor, what was the primary contribution of Bohm-Bawerk? He explained that people would engage in a ...
De-Bamboozled: LvMI Home Study Course - WEEK 5: METHODOLOGICAL FOUNDATIONS
http://debamboozle.blogspot.com/2009/03/lvmi-home-study-course-week-5.html
The first step to becoming De-Bamboozled is to take the Mises Institute Home Study Course in Austrian Economics. Tuesday, March 24, 2009. LvMI Home Study Course - WEEK 5: METHODOLOGICAL FOUNDATIONS. 1 What is the difference between a valid argument, and an argument with a true conclusion? An argument with a true conclusion need not be valid. An argument can have a true conclusion that does not follow (or is not implied by) its premises. 2 For Hoppe, what is the subject matter of economics? Also, though t...
De-Bamboozled: LvMI Home Study Course - Week 2 - MENGER and THE FOUNDERS
http://debamboozle.blogspot.com/2009/03/lvmi-home-study-course-week-2-menger.html
The first step to becoming De-Bamboozled is to take the Mises Institute Home Study Course in Austrian Economics. Thursday, March 19, 2009. LvMI Home Study Course - Week 2 - MENGER and THE FOUNDERS. 1 What is marginal utility? Marginal utility explains why a good like water, though more important in satisfying an individual’s needs, is less highly valued by individuals than diamonds. 2 What is the lay of diminishing marginal utility? According to Taylor p. 41:. While a trade demonstrates the relative valu...
De-Bamboozled: LvMI Home Study Course - WEEK 6: VALUE, UTILITY and PRICE.
http://debamboozle.blogspot.com/2009/03/lvmi-home-study-course-week-6-value.html
The first step to becoming De-Bamboozled is to take the Mises Institute Home Study Course in Austrian Economics. Tuesday, March 24, 2009. LvMI Home Study Course - WEEK 6: VALUE, UTILITY and PRICE. 1 What is the division of labor? The division of labor is the voluntary and cooperative division of specific tasks among individuals within society in order to produce goods. 2 What is the law of association? 3 Which party benefits from a voluntary trade? 5 Give an example of a price formed in a barter economy.
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richardsbookreviewblog.blogspot.com
Richard's Austrian EconomicsBook Review Blog: Introduction to Economic Reasoning - Chapter 8: Money: Part 1
http://richardsbookreviewblog.blogspot.com/2009/05/introduction-to-economic-reasoning.html
Sunday, May 10, 2009. Introduction to Economic Reasoning - Chapter 8: Money: Part 1. The discussions about labor and price controls have depended upon the same basic principles of economics identified in earlier chapters. An indirect exchange can become even more complicated if it takes two, three or more exchanges in order to obtain a good that one wants to consume. An actor might avoid transaction costs by engaging in direct exchanges only. In this case, though, the actor would have to produce some...
richardsbookreviewblog.blogspot.com
Richard's Austrian EconomicsBook Review Blog: Introduction to Economic Reasoning - Chapter 4: Demand and Supply
http://richardsbookreviewblog.blogspot.com/2009/03/dr.html
Sunday, March 29, 2009. Introduction to Economic Reasoning - Chapter 4: Demand and Supply. Dr Gordon now turns to the laws of demand and supply; the concepts people most often identify with economics. For example assume the following preference scales:. You have 4 oranges. Your preference scale is 2 apples, 1 orange, 2 oranges, 1 apple. I have 4 apples. My preference scale is 2 oranges, 2 apples, 1 orange, 1 apple. Dr Gordon cautions, however, that inconsistent preferences (as opposed preference scales i...
richardsbookreviewblog.blogspot.com
Richard's Austrian EconomicsBook Review Blog: Introduction to Economic Reasoning - Chapter 5: The Labor Theory of Value
http://richardsbookreviewblog.blogspot.com/2009/04/introduction-to-economic-reasoning.html
Sunday, April 12, 2009. Introduction to Economic Reasoning - Chapter 5: The Labor Theory of Value. Dr Gordon begins by clarifying an apparent contradiction from the last Chapter. In the beginning of that chapter Dr. Gordon noted that even though one can know that two actors will benefit from an exchange, one cannot determine at what ratio an exchange will take place until it actually does take place. If one need only know the supply and demand curves prior to a transaction in order to determine its excha...
richardsbookreviewblog.blogspot.com
Richard's Austrian EconomicsBook Review Blog: Introduction to Economic Reasoning - Chapter 9: Money, Part 2
http://richardsbookreviewblog.blogspot.com/2009/05/introduction-to-economic-reasoning_10.html
Sunday, May 10, 2009. Introduction to Economic Reasoning - Chapter 9: Money, Part 2. In the last chapter Dr. Gordon showed that actors converge on the use of a few goods to use as a medium exchange. He defines money as a good almost universally accepted in a market for purposes of exchange. The most popular monies tend to be durable, divisible, and widely acceptable commodities. For these reasons people have tended to adopt gold and silver as money. Where did money come from? We learned earlier that the ...
richardsbookreviewblog.blogspot.com
Richard's Austrian EconomicsBook Review Blog: Introduction to Economic Reasoning - Chapter 7: Minimum Wages and Wage Controls
http://richardsbookreviewblog.blogspot.com/2009/04/introduction-to-economic-reasoning_3454.html
Sunday, April 26, 2009. Introduction to Economic Reasoning - Chapter 7: Minimum Wages and Wage Controls. Minimum wages and wage control are no different from the discussion about price control. Still they are very important topics associated with the notion of equality. Many people express concerns over the presence of income gaps. It is often taken for granted that the more equality there is in income, the better. Some economists argue that there is a zone of indeterminancy around a given market wage...
richardsbookreviewblog.blogspot.com
Richard's Austrian EconomicsBook Review Blog: Introduction to Economic Reasoning - Chapter 6: Price Controls
http://richardsbookreviewblog.blogspot.com/2009/04/introduction-to-economic-reasoning_26.html
Sunday, April 26, 2009. Introduction to Economic Reasoning - Chapter 6: Price Controls. Dr Gordon illustrates the effects of price controls by first showing that at the market price there is buyer for every seller and vice versa using reductio proof. In a reductio proof, the negative of the proposition to be proved is shown to be contradictory, thus proving the proposition itself is true. One can show supply and demand balance without resorting to a reductio proof. Who bids prices up or down?
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De-Bamboozled
The first step to becoming De-Bamboozled is to take the Mises Institute Home Study Course in Austrian Economics. Tuesday, March 24, 2009. LvMI Home Study Course - WEEK 6: VALUE, UTILITY and PRICE. 1 What is the division of labor? The division of labor is the voluntary and cooperative division of specific tasks among individuals within society in order to produce goods. 2 What is the law of association? 3 Which party benefits from a voluntary trade? 5 Give an example of a price formed in a barter economy.
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