Capital and Interest Theory
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Did Greenspan Deserve Another Term?
Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.
(25:00)
Capital, Interest, and Profit
Profit is total revenue minus total costs. Ours is not just a profit system, it is a profit and loss system. Losses are a sign that you wasted land, labor, or capital, yet those who make profits are criticized.
From Bad to Worse: Interventionist Bias in Conventional Presidential Rankings
Recorded at the Reassessing the Presidency seminar; March 2004.
Demand and Supply, Consumer Goods, Prices and Exchange
Microeconomics starts with the basic fact that each person has short term and long term goals, like buying a ham sandwich and graduating from college. People act in the world to accomplish something. Human action is purposive. You employ different means to achieve certain goals.
