Category Archives: Man, Economy, and State Study Guide

Man, Economy, and State: Study Guide Answers Ch. 3

Chapter 3 – Indirect Exchange   Name two different problems with direct exchange. (pp. 187-88) A:  One problem with direct exchange is the lack of “coincidence of wants.”  Exchange can only take place in a direct exchange economy if two … Continue reading

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Man, Economy, and State: Study Guide Answers Ch. 2

Chapter 2 – Direct Exchange Do different praxeological laws apply to situations of isolation versus society? (p. 79) A:  No, the same praxeological laws apply.  Individuals in society seek to meet their needs simultaneously. What is Rothbard’s definition of society? … Continue reading

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Man, Economy, and State Study Guide Answers Ch. 1

These are my answers to the questions, which I have thoughtfully considered.  I would appreciate any feedback on these.  I’ll be releasing these one chapter at a time. Study Guide questions by Robert Murphy Chapter 1 – Fundamentals of Human … Continue reading

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