Funny animal fails #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Petstr #Dogstr #Catstr #Duckstr #Video #Videostr
#AskNostr anyone got any ideas for Austrian School of Economics books that specifically focus on discussing and rebutting Keynesians and post-Keynesians? I think I've been focusing too much on debunking Marxist ideas, even though some Marxist ideas are also Keynesian ideas.
"If again the whole return were imputed to labour and none of it to the material instruments, production would be misled by productive value. Land and capital would be declared valueless; there would be no need to consider them at all; whereas labour would be overestimated, and would, consequently, be far too greatly withheld. The most overestimated would be that labour which got the most intensive material assistance, and so gave the absolutely largest returns." - Friedrich von Wieser, ***Natural Value*** (1893) p. 92-93. Retrieved from Online Library of Liberty.
Natural Value | Online Library of Liberty
An early and significant contribution to the Austrian theory of value.
 #AnCap #Libertarian #Libertarianism #Antistate #AustrianEconomics #Imputation #DivisionOfLabor #Wieser #Labor #Capital #Land #NaturalResources #Value #Utility #Production #Returns #Quotestr
"Interest is a surplus, a remainder left when product of capital is the minuend and value of consumed capital is the subtrahend. The productive power of capital may find its result in increasing the minuend. But so far as that goes it cannot increase the minuend without at the same time increasing the subtrahend in the same proportion...always increasing in value as the value that can be produced by its help increases; i.e. as the value of its product increases." - Eugen von BΓΆhm-Bawerk, ***Capital and Interest*** (1890) p. 179-180. Translated by William Smart. #AnCap #Libertarian #Antistate #AustrianEconomics #AustrianSchool #FreeMarket #MarketEconomy #Economics #Economy #Surplus #Capital #Interest #InterestRate #SubjectiveValue #Value #MarginalUtility #Utility #Quotestr
"The large and persistent unemployment during a recession is the chief concern among the public, and virtually all government remedies are couched in terms of their ability to restore full employment...Even after the collapse of an unsustainable boom, workers would eventually return to workβ€”albeit at lower wages and perhaps in entirely different industries. The permanence of unemployment is due to institutional barriers erected by government, perhaps in conjunction with labor unions, which prevent wage rates from adjusting in light of the new realities." - Robert P. Murphy, ***Choice, Cooperation, Enterprise, and Human Action*** (2015) p. 260 #AnCap #Libertarian #Antistate #Antigovernment #NonIntervention #Deregulation #FreeMarket #Contract #Unemployment #UnemploymentRate #PriceControls #MinimumWage #BarriersOfEntry #RedTape #Quotestr
Aggregate data not only fails to take into account individual decisions on buying and selling, it also acts as a fixed average, failing to show who is most impacted by economic policies and the types of impacts. image #Agorism #Agorist #AnCap #Libertarian #Antistate #PriceControls #Inflation #EndTheFed #AustrianEconomics #ConsumerPreference #SubjectiveValue #TimePreference #HumanAction #SupplyAndDemand #Supply #Demand #Deregulation #FreeMarket #FreeTrade
Christmas dinner was delicious!
image image
#Foodstr #Meatstr #Ribstr #Dinnstr #Picturestr #Photostr
🀣🀣🀣 image #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny
And they say taxation isn't extortion. image #Agorism #Agorist #Libertarian #Antistate #Antigovernment #Antipolitics #TaxationIsTheft #IncomeTax #13A #ThirteenthAmendment #SixteenthAmendment #16A #CounterEconomics
image #Memes #Memestr #DankMemes #Nostr #Zap #Politics #Argentina #JavierMilei #Milei #AustrianEconomics #LudwigvonMises #Mises #AnCap #AnarchoCapitalism #FreeMarket #Libertarian #Libertarianism