Human action a treatise on economics phần 6 ppt

... days in such a way that only one unit is available daily. It is important to realize that the period of production as well as the duration of serviceableness are categories of human action and ... If an Austrian wants to buy Canadian wheat, he must pay the market price in 4 56 HUMAN ACTION definite and limited fraction of the future. This fraction is limited, on the one side, by...

Ngày tải lên: 14/08/2014, 22:21

... of urban land on the one hand and their relation to city development on the other. Let us assume that an area A offering favorable conditions for the aggregation of an increasing urban population ... Monopolistic concentration of production on one hand, they say, as a rule reduces average costs of production and thus increases the amount of capital and labor available for additional...

Ngày tải lên: 14/08/2014, 22:21

... help and advice in the preparation of this book. vii Part One Human Action I. ACTING MAN 1. Purposeful Action and Animal Reaction H UMAN action is purposeful behavior. Or we may say: Action is ... Monetary Calculation as a Tool of Action 1 Monetary Calculation as a Method of Thinking . . . . . . . . . 229 2 Economic Calculation and the Science of Human . . . . . . . . 231...

Ngày tải lên: 14/08/2014, 22:21

... rational and moral justification for capitalist exploitation. It was, if we want to use a notion developed after Marx’s death, a rationalization of the claims of the capitalists. 8 The capitalists, ... of 1 06 HUMAN ACTION III. ECONOMICS AND THE REVOLT AGAINST REASON 1. The Revolt Against Reason I T is true that some philosophers were ready to overrate the power of human reason....

Ngày tải lên: 14/08/2014, 22:21

... capital and income are mere academic postulates devoid of any practical application. In a socialist economy there are capital goods, but no capital. The notion of capital makes sense only in the market ... material condi- tions of man; they are the foundation of human civilization. Without saving and capital accumulation there could not be any striving toward non-material ends. 1 From the...

Ngày tải lên: 14/08/2014, 22:21

... boom can last only as long as the credit expansion progresses at an ever-accelerated pace. The boom comes to an end as soon as additional quantities of fiduciary media are no longer thrown upon ... days of Solon the Athenian, of ancient Rome’s agrarian 540 HUMAN ACTION 1. Cf. above, pp. 2 26- 228. the fact that such changes can under certain circumstances really alter the rate of originar...

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... and sex and adequate protection against injury resulting from environmental factors. Animals are bestial and inhuman precisely because 62 8 HUMAN ACTION We may call that height of wage rates for ... describe are fully operative only within each nation’s boundaries. The Work of Animals and of Slaves For man, animals are a material factor of production. It may be that one day a change...

Ngày tải lên: 14/08/2014, 22:21

... these market phenomena ad libitum. An advocate of socialism need not necessarily negate economics; his postulates do not necessarily 760 HUMAN ACTION adamant conservatism and a petrification of ... individuals. There cannot be any wrong in repealing totally or partially the laws that granted this favor; no reasonable objection can be raised against expropriation and confiscation. The...

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... The Case Against the Market Economy T HE objections which the various schools of Sozialpolitik raise against the market economy are based on very bad economics. They repeat again and again all ... propagandists and socialists admit that impairment of the average standard of living can only be avoided by the maintenance of capital already accumulated and that economic improve- ment depends...

Ngày tải lên: 14/08/2014, 22:21