12. Labor and Unions
12. Labor and Unions
In order for anyone to make ethical judgments, he must know the consequences of his various actions. In questions of uni... Read more
12 Feb 2010
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14. Interest Rates and Course Review
14. Interest Rates and Course Review
The time market determines the pure rate of interest. Price per unit of time may be wages or rent. The interest income w... Read more
12 Feb 2010
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11. The Structure of Production
11. The Structure of Production
As factors of production, supply and demand of labor, land and capital will determine how much the producer will get out... Read more
12 Feb 2010
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13. The Labor Market
13. The Labor Market
Economists can say little about population and its size, despite the gloomy views of Malthus. More people are a good thi... Read more
12 Feb 2010
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6. Government Licensing of Industry and Minimum Wage
6. Government Licensing of Industry and Minimum Wage
The peanut butter crunch was in 1980. Crop acreage and production was cut down by 45% by government price support, impor... Read more
11 Feb 2010
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8. The Firm
8. The Firm
Business men must make sure they can cover their costs by incoming revenue. The production function will yield a certain... Read more
11 Feb 2010
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4. Price Controls in the Oil Industry
4. Price Controls in the Oil Industry
The disappearance of oil has been forecast every decade. Prices were overlooked. When the price is high it is more profi... Read more
11 Feb 2010
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7. Mid-Term Review and The Theory of the Firm
7. Mid-Term Review and The Theory of the Firm
The objective of the corporate firm is to maximize profits and avoid losses - the same objective of the free market. But... Read more
11 Feb 2010
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9. Monopoly and Competition
9. Monopoly and Competition
The words monopoly and competition have been changed. Competition meant rivalry or competing, either active or potential... Read more
11 Feb 2010
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5. Minimum Price Controls
5. Minimum Price Controls
Thou shalt not sell a certain product or service below a certain price, e.g. wheat, cotton, corn, cheese, sugar. This wi... Read more
11 Feb 2010
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