Tag Archives: prices

Randian Economic Objectivism?

Posted on May 4, 2010 by Mattheus von Guttenberg

I started reading Capitalism: The Unknown Ideal the other day, and, in discussing competing theories of value, a curious passage showed up that reads: “The subjectivist theory holds that the good bears no relation to the facts of reality, that … Continue reading →

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Hayek, the Business Cycle and the Financial System

Posted on January 13, 2010 by Jonathan Finegold Catalán

In “Monetary Theory and the Trade Cycle” Hayek holds that the business cycle is caused by fractional-reserve banking, which is a natural credit organization formed out of the market. If this is the case, then it follows that economic cycles are an intrinsic part of capitalism. Continue reading →

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Money and Capital: A Reply

Posted on January 6, 2010 by Friedrich A. Hayek

Hayek’s response to Sraffa’s critique of Prices and Production, in 1934, defending his theory of capital and money. Continue reading →

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Dr. Hayek on Money and Capital

Posted on January 4, 2010 by Piero Sraffa

Piero Sraffa’s critique of Prices and Production, published in 1932. Sraffa’s critique would form the center of the Cambridge critique of the Austrian theory of capital. Continue reading →

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“Parity” Prices

Posted on September 23, 2009 by Henry Hazlitt

Henry Hazlitt on price-fixing and its economic consequences. Henry Hazlitt explains the folly in price-fixing proponents, and discusses how this form of intervention is actually rather harmful. Continue reading →

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