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Cover -- The Foundations of Economic Theory -- Contents -- CHAPTER 1: Origins of Economic Theory -- CHAPTER 2: Labor -- CHAPTER 3: Land -- CHAPTER 4: Capital as Tangible Assets -- CHAPTER 5: Interest and Its Calculation Over Time -- CHAPTER 6: Consumption, Demand and Supply -- CHAPTER 7: Making...
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Cover -- The Market Economy -- Contents -- CHAPTER 1: The Origins of Economic Thought -- CHAPTER 2: The Makings of the Market Economy -- CHAPTER 3: The Meaning of Money -- CHAPTER 4: The Cyclical Natureof Business -- CHAPTER 5: Economics and the Environment -- CHAPTER 6: Economic Growth,...
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The Lorenz curve and Gini coefficient are typically used to measure inequality. A different way to measure inequality is introduced here: I = CN, the product of concentration and number of units. The resultant index can be interpreted with reference to an inequality base where one unit owns all...
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This paper examines the process of mass democracy as the fundamental cause of transfer seeking and the centralization of governance, using Austrian-school theory and methodology such as decentralized knowledge, disaggregated phenomena, and the structure of capital goods. The alternative of...
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Rationales for government interventions in the market are typically based on theories of market failure set within a framework of fixed private-sector practices and technologies. However, continuous technological progress and entrepreneurial innovation are eroding the theoretical foundations of...
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