All Posts Tagged With: "market equilibrium"
Human Action, 1949: A Dramatic Episode in Intellectual History
A great book, it has been remarked, is like a great castle. It can be viewed from many different angles, each offering a unique perspective. Viewing Ludwig von Mises’s monumental work from the vantage of 2009 permits one to see with great clarity one fascinating aspect of the book–the sheer drama of its emergence at [...]
19Aug2009 | Israel M. Kirzner | 5 comments | ContinuedGates on Market Superiority
Matthew Bishop interviewed Bill Gates the other day for The Economist about Gates’ letter that he wrote to citizens. It’s worth watching for a number of reasons. First, because of what Mr. Gates has to say about the role of private enterprise in social aid (approximately 2:19 into the interview), and second, because of his [...]
28Jan2009 | Margaret Morgan | 0 comments | ContinuedThe Anatomy of Economic Advice, Part II
How can positive science (consisting entirely of “is” statements) be translated into “ought” statements within the framework of economic understanding? In the first part of this series we drew attention to some of the paradoxes surrounding economic advice.
1Sep2006 | Israel M. Kirzner | 0 comments | Continued-
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