Tag Archives: production

Aggregate Demand vs Malinvestment

Posted on August 15, 2010 by Jonathan Finegold Catalán

Some more thoughts on unemployment, this time on the differences between consumption and investment. Continue reading →

Posted in Current Events, Theory | Tagged production, Unemployment | 2 Comments

Malthusian Overpopulation

Posted on August 14, 2010 by Jonathan Finegold Catalán

Are we suffering from overpopulation, or overburdening governments limiting food production? Continue reading →

Posted in Current Events | Tagged agriculture, Capitalism, food, malthus, overpopulation, production, shortage | 5 Comments

Robert Murphy on the Double Dip

Posted on June 11, 2010 by Jonathan Finegold Catalán

I’d like to come to Murphy’s defense regarding inflation and offer some points on the possibility of a double-dip. For the time being, I predict a continuation of the upward inflationary trend. We are seeing a greater destruction than production of wealth, as it flattens the structure of production. This is a trend towards impoverishment, not recovery, and does indicate the possibility of an increase in the rate of change of CPI. Continue reading →

Posted in Uncategorized | Tagged Bubble, consumer, debt, Depression, dip, double, expenditure, Great, index, inflation, Investment, price, Private, production, public, Recession, stagflation | 2 Comments

Venezuelan Economics

Posted on May 12, 2010 by Jonathan Finegold Catalán

Venezuelan inflation is not likely to lead to a false boom. Instead, it is going directly towards consumption of capital. Continue reading →

Posted in Current Events, Theory | Tagged Capital, consumption, inflation, production, structure, Venezuela | 6 Comments

Devalued Yuan and Distortion

Posted on May 4, 2010 by Jonathan Finegold Catalán

Does Chinese currency devaluation cause business cycles in the United States? Some believe so, but I argue ‘no’. Continue reading →

Posted in Theory | Tagged business, China, cycle, devaluation, distortion, inflation, production, renminbi, structure, yuan | 1 Comment

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 →

Posted in Theory | Tagged 100, Austrian, banking, business, cycle, fractional, free, Friedrich, Hayek, Hundred, monetary, One, Percent, prices, production, Reserve, Theory, trade | 4 Comments

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 →

Posted in History | Tagged Cambridge, Capital, Controversey, Hayek, money, prices, production, Sraffa | Leave a comment

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 →

Posted in Books, History | Tagged critique, Hayek, prices, production, Sraffa | 2 Comments

Taxes Discourage Production

Posted on August 21, 2009 by Henry Hazlitt

A chapter from Henry Hazlitt’s “Economics in One Lesson”. Hazlitt explains why taxation will discourage investment and production, disallowing new jobs from being created and perpetuating unemployment. Continue reading →

Posted in Theory | Tagged Econimics, goods, Government, Hazlitt, Investment, Lesson, One, production, public, taxes, Theft | Leave a comment