Price Theory (In Under Ten Minutes)

Concise explanation of Austrian Price Theory.

Links:
Principles of Economics: http://mises.org/etexts/menger/five.asp

The Fear of High Prices http://mises.org/media/1157/The-Fear-of-High-Prices

Value, Utility and Price:
http://www.youtube.com/watch?v=NBf60Iue5nQ

The Determination of Prices: http://mises.org/media/1726/The-Determination-of-Prices

FULL TEXT:
http://www.vforvoluntary.com/forum/showthread.php?tid=165&pid=495#pid495

Category:

Nonprofits & Activism

Tags:

• Prices
• price theory
• austrian economics
• economics
• antistate
• capitalism
• anarchy
• autarchy

[davyjames]

Really good. If this is your first effort at an animated video you did great!

[lifeishowitis]

@davyjames It is! And thank you!

[aaron0883]

I am not usually gay ... However, I would totally put out for Mr 3. I am into guys with money.

[Panpiper]

@2010xxyyzz That is the problem with 'concise'. For an explanation given in under ten minutes, I thought this was quite succinct.

Well done lifeishowitis. I hope you will do something similar for all the essential aspects of Austrian theory. I hold it as an axiom, that one truly understands a thing, when one can clearly and effectively teach that thing.

[vasqus]

Excellent job, Professor Vreeland! This makes me happy.

[vasqus]

@Hythloday71 Please rewatch the video again, she does cover all your points and explains it in detail.

[Hythloday71]

@rumco - supply not rise ? Land is a finite commodity !

[rumco]

@Hythloday71 When they're reaping such a good profit, you ought to ask: Why does the supply not rise if it's profitable to be a landlord? Analogy: People want ipads and touch screen phones, Apple is the only company that does it and reaps nice profit. Other companies quickly jump in with lower prices and comparative or better products and lower the prices of such devices by increasing supply (demand being constant). This also reduces Apple's profit.

[CernelJoson]

@Hythloday71 zoning laws = free market?

[Hythloday71]

@cobracarg - Historical, i don't know. But i would say present day landlords extract a pretty good price which prevents many from afording a purchase.