All Posts Tagged With: "market-clearing price"
An Open Letter to Senators Clinton and Schumer
Dear Senators Clinton and Schumer: Having accepted a position on the economics faculty at George Mason University, I just moved from New York to Virginia. But until recently, you were my representatives in the world’s greatest deliberative body. I write to you now on a matter of maximum importance to me, to the Foundation for [...]
1Sep2001 | Donald J. Boudreaux | 0 comments | ContinuedThe Law of Supply and Demand
This is the first in a series of articles laying out some foundational elements of modern Austrian economics. The second article is here, the third is here, and the final article is here. The theory of supply and demand is recognized almost universally as the first step toward understanding how market prices are determined and [...]
1Jan2000 | Israel M. Kirzner | 32 comments | Continued-
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