Tag Archives: time preference

Time Preference and Interest

Posted on April 3, 2013 by Dr. J

Week 7 of the Mises Institute’s Home Study Course in Austrian Economics includes one audio lecture and three book chapters dealing with time preference and interest. “Time Preference and Interest” by Jeffrey Herbener: This lecture has a good summary of Ludwig … Continue reading →

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Prices of Factors of Production

Posted on May 19, 2012 by Dr. J

Chapter 9 of Shawn Ritenour’s Foundations of Economics deals with something readers might think was already covered sufficiently in the earlier chapters on market prices: prices of factors of production. This is the final category of income received by market participants (in … Continue reading →

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Interest and Profit

Posted on May 16, 2012 by Dr. J

Marxists, beware. In Chapter 8 of Foundations of Economics, Shawn Ritenour explains how the economic phenomena of interest and profit, both of which are anathema to the socialist Left, are natural and necessary features of life in a division-of-labor economy. … Continue reading →

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