Prices
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7. Pricing of the Factors of Production
Presented by Rothbard at New York Polytechnic University in 1972.
5. Minimum Price Controls
Thou shalt not sell a certain product or service below a certain price, e.g. wheat, cotton, corn, cheese, sugar. This will result in an artificial unsold permanent surplus, as it does in the American farm situation.
4. Price Controls in the Oil Industry
The disappearance of oil has been forecast every decade. Prices were overlooked. When the price is high it is more profitable to look for oil. Total reserves on the ground are higher than they were in 1890.
It’s the Language of Action, Not a Trick
After all, as motivated producers are necessary for providing marketable goods, so motivated sellers are necessary for delivering these goods to the willing buyers.
3. The Determination of Prices
Price is determined by the equilibrium price and the equilibrium quantity. If your good is not selling, you lower the price. If your goods fly off the shelves you are selling too cheaply and you raise prices.
Sustainability: An Assault on Economics
"A lesson in basic economics should suffice to defend against the sustainists' attack."
Will Preventive Care Control Costs?
It is clear to see that government-mandated treatment cannot possibly lead to a more cost-effective balance between preventive treatment and future treatment.
The Determination of the Purchasing Power of Money
The demand for a medium of exchange is the composite of two partial demands: the intention to use it in consumption and production and the intentio
