Introducción a la Economía Austriaca / Joseph T. Salerno

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Biography of Gottfried Haberler (1901-1995)

BiografíasIntroducción a la Economía Austriaca

08/01/2007Articles of Interest
Gottfried Haberler was one of the first economists to make a case for the productivity of free trade in terms of the modern subjective theory of value.
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9. Money and Prices

Dinero y BancosIntroducción a la Economía AustriacaFilosofía y MetodologíaPrecios

In the history of money, bartering was awkward because wants were not divisible. Direct exchange depended upon a double coincidence of wants. Demand for a medium of exchange grew until a general medium of exchange emerged, like gold and silver.
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7. Capital, Interest and the Structure of Production

Introducción a la Economía AustriacaTeoría del Capital y el InterésTeoría de la Producción

Time preference says that individuals prefer satisfaction now to later, present to future. This explains the loan market. In the structure of production, the capitalist pays wages now, despite the fact that he himself does not get paid until the final stage when the product actually comes to market.
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4. Price Controls: Case Studies

Introducción a la Economía AustriacaIntervencionismoPrecios

As with all government intervention, price controls do not achieve what their originators think they will. Trying to maintain a supply of milk by putting a price control on it will cause shortages, which are the very situations the price manipulators said they wanted to avoid.
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2. Exchange and Demand

Introducción a la Economía AustriacaTeoría MonetariaFilosofía y MetodologíaTeoría de la Producción

All action is really exchange. What the actor prefers less is exchanged for something he prefers more, including gift giving. It is a fallacy to say that the goods exchanged have equal value.
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1. Scarcity, Choice, and Value

Introducción a la Economía AustriacaFilosofía y MetodologíaValor e Intercambio

The causal-realist approach began with Menger who based all of his observations upon reality that was intimately tied to the price system. Humans ceaselessly seek to remove unease. They consciously use means to attain their ends. Scarcity implies desirability and limitation.
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Taxation, Inflation, and War

Impuestos y GastoGuerra y Política ExteriorIntroducción a la Economía AustriacaTeoría Política

From the 2006 Supporters Summit: Imperialism: Enemy of Freedom, 27-28 October 2006, Auburn, Alabama.
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