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Capital
Week 8 of the Mises Institute’s Home Study Course in Austrian Economics includes one audio lecture and one book chapter dealing with capital. “Capital” by Bob Murphy: Following Rothbard, Murphy defines capital as “reproducible means of production.” He says that … Continue reading
Posted in Books, Economics
Tagged Austrian economics, capital, Gene Callahan, Mises Institute, Robert Murphy
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The Production Structure and the Social Economy
In Chapter 11 of Foundations of Economics, Shawn Ritenour makes the transition from what is often called “microeconomics” to what is often called “macroeconomics,” where the discussion centers on “big stuff” like business cycles, inflation, and unemployment. He disapproves of this … Continue reading
Posted in Books, Economics
Tagged capital, Foundations of Economics, GDP, interest, profit, rent, Shawn Ritenour, stock, structure of production
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