A few natural expirements show the logical flaws in neoclassical consumer theory. Just ask what is quality and convenience? Alex Gheg's video puts you in a natural expirement that will shock you youtube.com/watch?v=2c4mvGekYZY
My answer is: The relation between the quantity of money to the country's output is what governs the country’s economic situation and outcome. See: "economic simulator" Wikipedia
The curious task of economics is to demonstrate to men how little they know about what they imagine they can design. - F.A. Hayek from "The Fatal Conceit" (Australian School of Economics)
A few natural expirements show the logical flaws in neoclassical consumer theory. Just ask what is quality and convenience? Alex Gheg's video puts you in a natural expirement that will shock you youtube.com/watch?v=2c4mvGekYZY
IlirMr 2 weeks ago
What is What ? asked Per Krusell
My answer is: The relation between the quantity of money to the country's output is what governs the country’s economic situation and outcome. See: "economic simulator" Wikipedia
Ben Tamari
BnTamari 1 month ago
The curious task of economics is to demonstrate to men how little they know about what they imagine they can design. - F.A. Hayek from "The Fatal Conceit" (Australian School of Economics)
LukkieUCLA 2 months ago 4
@LukkieUCLA well, it's Austrian, not Australian
nrekk 2 months ago
@LukkieUCLA You probably got this already but its Wienerschnitzel not shrimp on the barbie
MILMAG1 5 days ago
Starts at 9:52
unassumption 2 months ago 19
so informative! new economic thinking!
rajshah1011110 2 months ago