Consumer Sovereignty: What Mises Meant
Mises stressed the primacy of consumer preferences in the determination of precisely which kinds of goods will be produced with society's scarce resources.
Mises stressed the primacy of consumer preferences in the determination of precisely which kinds of goods will be produced with society's scarce resources.
This paper looks at the differences between investment and cash building and if either one offers additional benefits.
The author rebuilds the theory of the Ricardo Effect around the alternative theses that a decline of investment by both the machine producing industries and the raw materials industries leads to the “scarcity of capital.”
The aim of this paper is to examine the non-price effects of monetary inflation.