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- Philosophy and Methodology
- Jörg Guido Hülsmann
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Jörg Guido Hülsmann
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Jorg Guido Hülsmann addresses some of the Problems in Cycle Theory at the 2003 Austrian Scholars Conference.
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Author:
Jörg Guido Hülsmann
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Recorded at the Mises Institute, 7–8 October 2005. [27:54]
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Author:
Jörg Guido Hülsmann
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Recorded at the Mises Circle in Houston, “Despots Left and Right: The Tyrannies of Our Times,” Saturday, 14 April 2007, sponsored by Jeremy S. Davis.
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Jörg Guido Hülsmann
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Carl Menger (b. 1840) dared to create something he called the Austrian School of Economics. His was a new way of doing economic analysis. He sided with Aristotle’s realism. Menger studied human needs and saw discreet units of need – the essence of his marginal approach. Value is subjective dependent upon individuals. His theory of marginal utility
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Jörg Guido Hülsmann
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This 1912 book is Mises’ first great theory. Mises agreed with Menger about the spontaneous emergence of money. No government is needed. Mises used a logical proof called the regression theory. It explained why money is demanded in its own right. Five major contributions Mises made were: 1) the nature of money, 2) a theory of the value of money,