Tag Archives: rothbard
Man, Economy, and State Study Guide Answers Ch. 4
Ch. 4 – Prices and Consumption What is the significance of the fact that the “number of markets needed is immeasurably reduced” in a money economy? (pp. 233-35)A. In a direct exchange economy (a hypothetical concept), each good has a … Continue reading →
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 →
Posted in Man, Economy, and State Study Guide, Rothbard
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Tagged anarcho capitalism, austrian economics, libertarian, libertarianism, rothbard
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Austrian Thought 