Volume 15, No. 2 (Summer 2012) Transitivity in economics maintains that if a is preferred to b , and b to c , then a must also be preferred to c. The problem with this is that these three decisions...
Volume 6, No. 1 (Spring 2003) Neoclassical utility functions are an invalid means of analyzing consumer behavior for three reasons: first, and most important, because such functions, and their...
Could new gold discoveries cause a (small) boom-bust cycle if the gold hit the loan market before other sectors? Bill Barnett and Walter Block join Bob Murphy to discuss.
Block and Barnett on whether the Hayekian triangle—the popular device used to illustrate how artificially low interest rates lead to an unsustainable boom—can be salvaged or should be abandoned altogether.
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