George Reisman's Blog on Economics, Politics, Society, and Culture

This blog is a commentary on contemporary business, politics, economics, society, and culture, based on the values of Reason, Rational Self-Interest, and Laissez-Faire Capitalism. Its intellectual foundations are Ayn Rand's philosophy of Objectivism and the theory of the Austrian and British Classical schools of economics as expressed in the writings of Mises, Böhm-Bawerk, Menger, Ricardo, Smith, James and John Stuart Mill, Bastiat, and Hazlitt, and in my own writings.

Showing posts with label micro-economics. Show all posts
Showing posts with label micro-economics. Show all posts
Saturday, September 19, 2020

The False Distinction Between “Micro-“ and “Macro-“ Economics

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Sound economics always considers the actions of the individual in relation to the rest of the economic system and the economic system as a w...
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