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- Search found 5 items for:
- Capital and Interest Theory
- Production Theory
- Joseph T. Salerno
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
The seventh of ten lectures from Joseph Salerno’s Introduction to Austrian Economic Analysis seminar. All action takes time. Humans use time as a tool. Time preference ranking is now, not later, although time preferences will differ over time and for different people, like children who want things right now. Capitalists give up present money in
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
Time preference says that individuals prefer satisfaction now to later, present to future. This explains the loan market. In the structure of production, the capitalist pays wages now, despite the fact that he himself does not get paid until the final stage when the product actually comes to market. Consumption, saving, investment and spending
Media Collection
Author:
Joseph T. Salerno
Peter G. Klein
Joseph T. Salerno and Peter G. Klein are two of the most productive micro-economists in the Austrian School today. This seminar provides an introduction to Austrian Economics. Presented at the Mises Institute, 11-15 June