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 →

Posted in Economics | Tagged Austrian economics, Gene Callahan, interest, Jeffrey Herbener, Ludwig von Mises, Ludwig von Mises Institute, originary interest, profit, Randall Holcombe, Thomas Taylor, time preference | 1 Comment

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 →

Posted in Books, Economics | Tagged discounted marginal revenue product, DMRP, economics, entrepreneur, factors of production, income, marginal physical product, marginal revenue product, market prices, MPP, MRP, production, profit, Shawn Ritenour, time preference | Leave a comment

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 →

Posted in Books, Economics | Tagged capitalist, economics, entrepreneur, income, interest, interest rate changes, market prices, production, profit, Shawn Ritenour, time preference | 4 Comments

Tag Archives: time preference

Time Preference and Interest

Prices of Factors of Production

Interest and Profit

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