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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label subjective value. Show all posts

Friday, April 05, 2013

Happiness: A Worthwhile Purpose in Life

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Experts would like to make us believe that there are objective standards in attaining happiness. From such premise, they come with all sort...

Friday, October 26, 2012

Quote of the Day: The Knowledge Problem

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As with Hayek’s work, central to Pennington’s book is a deep understanding of the knowledge problem. This of course involves understandi...

Thursday, April 12, 2012

The Myth of ‘Safe Assets’

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The IMF is concerned about the potential shortage of supply of “safe assets” Writes the Wall Street Journal Blog Worries about nation...

Tuesday, December 06, 2011

Video: Understanding Subjective Value

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Professor Don Boudreaux explains subjective value (hat tip Professor Art Carden; Mises Blog)

Saturday, July 09, 2011

Video: Don Boudreaux on Subjective Value

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Professor Don Boudreaux explains subjective value (from Learn Liberty )

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