|Moderated By: Don Lloyd -- (Moderated) -- Started: 12/15/2001 4:18:30 PM Revision History|
This subject is intended to apply Austrian Economics to the explanations of a variety of common economic phenomena, concentrating on simple contexts and problems, and on business and
the stock market. Austrian Economics is probably best known for its analysis of the business cycle and governmental inflationist policies, but they will be largely ignored here to concentrate on the economic reasoning that impacts and explains the actions of individuals. As a warning, most of the reasoning involved is likely to be at odds with what would initially appear to be conventional wisdom, and especially with the majority of professional economists.
The organization of this subject will be simple --there won't be any. Problems and questions are welcome, but there will be no guarantee of an answer or a response, and certainly no guarantee of a correct one.
For an introductory overview as to just what Austrian Economics is, sample the urls below, but don't worry about grasping much detail as the small amount required to comprehend any given subject will likely be supplied in the message itself.
Index to message topics - 12/15/2001
Economic Puzzle - 1
Answer - 15
Price Elasticity of Demand - 7
Subjective Theory of Value and
Diminishing Marginal Utility - 19,28
Employee Stock Option Accounting - 21, 25-27, 29, 52-59
Hayek, knowledge and prices - 35,36
Cartels - 40, 43-48
Mises on government - 49
Monopoly, Competition and Society - 60-77
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