June 27, 2009 - Posts

27 June 2009
The ABCT Shadowed Forth
Ludwig von Mises is credited with first formulating the Austrian Theory of the Business Cycle. But in the following much earlier passage by Eugen von Bohm-Bawerk (who was a great influence on Mises) one can see the theory shadowed forth. Bohm-Bawerk considers below what would happen if, for some reason... Read More...
27 June 2009
Menger's Value Scale
This post is part of a series exploring Principles of Economics by Carl Menger. The following explores content from chapter 3 . Previously in this series: Mengerian Marginalism A chief insight of Menger's value theory is the recognition that, it is not enough to simply ask the question, "which... Read More...