Mises Search
Welcome to our search page.
As you use the search throughout the site, there are a few things to keep in mind:
- You can filter results by date, author, topic, and other attributes on the left
- To save a search use the bookmarking feature in your browser
- Download current search results as a CSV
- Search found 15 items for:
- Production Theory
- Joseph T. Salerno
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
Factors of Production are economic goods: scarce means used to achieve an individual’s ends. They are land, labor and capital. Each is examined. Incomes are earned by factor owners as production takes place. There is no separated production and distribution. The price of a factor is determined by its diminishing general (discounted) marginal value
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
The seventh of ten lectures from Joseph Salerno’s Introduction to Austrian Economic Analysis seminar. All action takes time. Humans use time as a tool. Time preference ranking is now, not later, although time preferences will differ over time and for different people, like children who want things right now. Capitalists give up present money in
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
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. Salerno also covers elastic and inelastic demand. The second in a series of ten lectures, from Fundamentals of Economic Analysis: A Causal-Realist Approach .
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
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. Consumption, saving, investment and spending
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
The mental constructs of the evenly rotating economy and of specific factors of production are discussed. Distinguishing between interest and profits and a construct of slow change are revealed through the ERE as Rothbard considers the final state of rest.The ERE construct is simply a useful, unrealizable, mental tool. The determinants of price
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
Recorded at Jekyll Island, Georgia; May 1992.
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
Recorded at the Toronto Stock Exchange; September 16-17, 1999. [32:55]