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"Thermal Macroeconomics: An axiomatic theory of aggregate economic phenomena" Nick Chater (Warwick Business School) and Robert MacKay (Mathematics Institute, University of Warwick) (joint first authors) Thermal Macroeconomics: An axiomatic theory of aggregate economic phenomena N.J.Chater, R.S.MacKay https://arxiv.org/abs/2412.00886 arXiv:2412.00886 [econ.GN] An axiomatic approach to macroeconomics based on the mathematical structure of thermodynamics is presented. It deduces relations between aggregate properties of an economy, concerning quantities and flows of goods and money, prices and the value of money, without any recourse to microeconomic foundations about the preferences and actions of individual economic agents. The approach has three important payoffs. 1) it provides a new and solid foundation for aspects of standard macroeconomic theory such as the existence of market prices, the value of money, the meaning of inflation, the symmetry and negative-definiteness of the macro-Slutsky matrix, and the Le Chatelier-Samuelson principle, without relying on implausibly strong rationality assumptions over individual microeconomic agents. 2) the approach generates new results, including implications for money flow and trade when two or more economies are put in contact, in terms of new concepts such as economic entropy, economic temperature, goods' values and money capacity. Some of these are related to standard economic concepts (eg marginal utility of money, market prices). Yet our approach derives them at a purely macroeconomic level and gives them a meaning independent of usual restrictions. Others of the concepts, such as economic entropy and temperature, have no direct counterparts in standard economics, but they have important economic interpretations and implications, as aggregate utility and the inverse marginal aggregate utility of money, respectively. 3) this analysis promises to open up new frontiers in macroeconomics by building a bridge to ideas from non-equilibrium thermodynamics. More broadly, we hope that the economic analogue of entropy (governing the possible transitions between states of economic systems) may prove to be as fruitful for the social sciences as entropy has been in the natural sciences. [Submitted on 13 Jun 2025] Convergence to equilibrium for a class of exchange economies R.S.MacKay https://www.arxiv.org/abs/2506.11770 arXiv:2506.11770 [math.PR] For a class of stochastic dynamical models of exchange economies that we call ``fully connected Cobb-Douglas'', the paper proves convergence of the probability distribution to an equilibrium, in total variation metric as time goes to infinity. The convergence is exponential and the equilibrium is determined uniquely by the number of agents, their ``exponents'', and the initial amounts of money and goods in the economy. Active Inference Institute information: Website: https://www.activeinference.institute/ Activities: https://activities.activeinference.institute/ Discord: https://discord.activeinference.institute/ Donate: http://donate.activeinference.institute/ YouTube: https://www.youtube.com/c/ActiveInference/ X: https://x.com/InferenceActive Active Inference Livestreams: https://video.activeinference.institute/

Includes bibliographies and index

Includes bibliographies and index

Includes bibliographies and index

Includes bibliographies and index

Includes bibliographies and index

Includes bibliographies and index

Includes bibliographies and index

Includes bibliographies and index

Includes bibliographies and index

Tri 2, 2015/2016

Tri 1 2022/2023 (Term Id 2210)

Tri 3 2016/2017

Tri 3 2016/2017

Tri 1 2017/2018

Includes bibliographical references and index

Today on the Ether we have part 2 of a 2 space hosted by the Degenerate and Tendermint Timmy discussing what's next for Luna, crypto, and macroeconomics. Recorded on May 13th 2022. Thank you to everyone in the community who supports TerraSpaces.

Lecture presented by Jeffrey M. Herbener at the Ludwig von Mises Institute's 2009 Mises University conference, held at the Mises Institute in Auburn, Alabama; July 26-August 1, 2009. Since 1985, this annual conference has been the world's leading instructional program in the Austrian School of economics and is an essential training ground for economists who are looking beyond the mainstream. http://mises.org Playlist link for complete 2009 Mises University conference: http://tinyurl.com/tkv5lok Links to selected online writings on Austrian Economics: Human Action: A Treatise on Economics http://tinyurl.com/yapklreq Audio version: http://tinyurl.com/ab8wx88 Man, Economy, and State: A Treatise on Economics http://tinyurl.com/y8zg569h Audio version: http://tinyurl.com/axhdzg3 Economic Thought Before Adam Smith: An Austrian Perspective on the History of Economic Thought, Vol. I http://tinyurl.com/y6zwh9fk Audio version: http://tinyurl.com/a3obfgu Classical Economics: An Austrian Perspective on the History of Economic Thought, Vol. II http://tinyurl.com/y47odk98 Audio version: http://tinyurl.com/bd44b6s The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions http://tinyurl.com/yagraqj3 Audio version: http://tinyurl.com/aw5kwdt Theory and History: An Interpretation of Social and Economic Evolution http://tinyurl.com/y2x637pa Audio version: http://tinyurl.com/aa7gyv2 Economic Science and the Austrian Method http://tinyurl.com/y8lgyzta Audio version: http://tinyurl.com/y2xytrbb The Austrian Theory of the Trade Cycle and Other Essays http://tinyurl.com/s9xsw2j Audio version: http://tinyurl.com/yy2gg4y9 Economic Calculation in the Socialist Commonwealth http://tinyurl.com/y7dguva4 Audio version: http://tinyurl.com/y8w5h8av The Failure of the "New Economics" http://tinyurl.com/uy9wgeg Audio version: http://tinyurl.com/ueeta3z Mises: The Last Knight of Liberalism http://tinyurl.com/y3afgzup Audio version: http://tinyurl.com/ajaywkh Ludwig von Mises: Scholar, Creator, Hero http://tinyurl.com/yd7ryowf Friedrich A. Hayek: A Centenary Appreciation http://tinyurl.com/rlb8qst The Genius of Carl Menger http://tinyurl.com/ya79lmxa The Life and Works of Böhm-Bawerk http://tinyurl.com/y8jbbdnq Mises and Austrian Economics http://tinyurl.com/yynktdde Why Austrian Economics Matters http://tinyurl.com/ycqwjzt7 Ludwig von Mises and the Austrian School of Economics http://tinyurl.com/yavecrju Mises, Hayek, and the Market Process: An Introduction http://tinyurl.com/vhz3c8t Praxeology: The Methodology of Austrian Economics http://tinyurl.com/pf46rtk Epistemological Problems of Economics http://tinyurl.com/yak3n2sy The Ultimate Foundation of Economic Science http://tinyurl.com/yb3zs4rs Nation, State, and Economy http://tinyurl.com/ycjere4t Economic Freedom and Interventionism http://tinyurl.com/yau35t2o The Anti-Capitalistic Mentality http://tinyurl.com/y7c7rejh Historical Setting of the Austrian School of Economics http://tinyurl.com/y8xj6fq5 The Philosophical Origins of Austrian Economics http://tinyurl.com/y8z4sf59 Epistemological Relativism in the Sciences of Human Action http://tinyurl.com/y986vfvj Mises's Epistemology http://tinyurl.com/ycna45o9 Misesian Praxeology http://tinyurl.com/yd9bz3ej Marxism Unmasked: From Delusion to Destruction http://tinyurl.com/yxcmcdwq Interventionism: An Economic Analysis http://tinyurl.com/y7m7dhky Capitalism: A Treatise on Economics https://tinyurl.com/vd9mytd Socialism: An Economic and Sociological Analysis http://tinyurl.com/yarqka73 The Gold Standard: Perspectives in the Austrian School http://tinyurl.com/tbvtf9q Austrian Macroeconomics: A Diagrammatical Exposition http://tinyurl.com/y9gn3eug Philosophical and Ethical Implications of Austrian Economics http://tinyurl.com/yaxz4stm The Place of Human Action in the Development of Modern Economic Thought http://tinyurl.com/y8kef5b6 The Austrian Theory of Money http://tinyurl.com/y8gqjnwr The Austrian School's Critique of Marxism http://tinyurl.com/y84g9g7j Methodology of the Austrian School Economists http://tinyurl.com/y9zr25pp New Directions in Austrian Economics http://tinyurl.com/wux8xzu Mises and Austrian Economics: A Personal View http://tinyurl.com/c68sdxd Classical Liberalism and the Austrian School http://tinyurl.com/rtbw8gr The Positive Theory of Capital http://tinyurl.com/y5rnbdbn Principles of Economics http://tinyurl.com/yecrje5 Free Market Economics: A Basic Reader http://tinyurl.com/r29kbuj Government Against the Economy https://tinyurl.com/tzjo9zy Individualism and Economic Order http://tinyurl.com/ydehz4s9 * * * * * DISCLAIMER: This audio presentation is owned by the Ludwig von Mises Institute and is protected under Creative Commons license (CC BY-NC-ND 3.0). http://creativecommons.org/licenses/by-nc-nd/3.0/ This YouTube channel is in no way endorsed by or affiliated with the Mises Institute, any of its scholars or staff members.

224 p. : 28 cm

\"Canada's economic wellbeing is at its worst stage since the 1929 Great Depression.\" So said Toronto Metropolitan University macroeconomics professor Eric Kam on our program last weekend. We will pick up on that statement with Professor Kam today. (NP editorial: Canada's worst fiscal crisis is brewing) - Cdn economy shrank in QR, but economists not calling it a technical recession yet. Guest argues this is ridiculous. AlsoRoy and Eric talk sports icons.Guest: Professor Eric Kam. Macroeconomics. Toronto Metropolitan University. Learn more about your ad choices. Visit megaphone.fm/adchoices

\"Canada's economic wellbeing is at its worst stage since the 1929 Great Depression.\" So said Toronto Metropolitan University macroeconomics professor Eric Kam on our program last weekend. We will pick up on that statement with Professor Kam today. (NP editorial: Canada's worst fiscal crisis is brewing) - Cdn economy shrank in QR, but economists not calling it a technical recession yet. Guest argues this is ridiculous. AlsoRoy and Eric talk sports icons.Guest: Professor Eric Kam. Macroeconomics. Toronto Metropolitan University. Learn more about your ad choices. Visit megaphone.fm/adchoices

\"Canada's economic wellbeing is at its worst stage since the 1929 Great Depression.\" So said Toronto Metropolitan University macroeconomics professor Eric Kam on our program last weekend. We will pick up on that statement with Professor Kam today. (NP editorial: Canada's worst fiscal crisis is brewing) - Cdn economy shrank in QR, but economists not calling it a technical recession yet. Guest argues this is ridiculous. AlsoRoy and Eric talk sports icons.Guest: Professor Eric Kam. Macroeconomics. Toronto Metropolitan University. Learn more about your ad choices. Visit megaphone.fm/adchoices

Tri 1 2016/2017

Trimester 3, 2121/2022 (2135)

Trimester 2 2022/2023

Trimester 2 2016/2017

Tri 3 2022/2023

Tri 1 2015/2016

tri 3 2015/2015

Macroeconomics dumped with WikiTeam tools.

300p. ; 23cm

The Federal Reserve has had long enough to demonstrate its use to the American economy. The latest economic crisis alone is enough to discredit its claims as the great stabilizer. There is the long history of devastating inflation, the government spending it funds, the wars and welfare that are made possible by its printing presses, and also the conflicts of interest and corruptions it introduces into public life. We can do without the central bank. We don't need the Fed. Our money and our future would be more assured without it. In this conference, the Mises Institute returns to the founding home of the Fed, cobbled together in secret at the Jekyll Island Resort in Georgia, under the guise of a "duck hunting expedition." Playlist for complete "The Birth and Death of the Fed" conference: https://tinyurl.com/ya7gozyn For more on the Federal Reserve, read Murray N. Rothbard's "The Case Against the Fed": http://tinyurl.com/qbr9twj Audio version: http://tinyurl.com/na9ds33 Also check out Rothbard's other books on central banking: What Has Government Done to Our Money? http://tinyurl.com/p3mkr6z Audio version: http://tinyurl.com/pku6eyp A History of Money and Banking in the United States http://tinyurl.com/ot23t9p Audio version: http://tinyurl.com/o8xj73s Economic Depressions: Their Cause and Cure http://tinyurl.com/ogo5ku2 Audio version: http://tinyurl.com/ycyjqqah * * * * * Links to selected online books and essays about Austrian Economics: What is Austrian Economics? https://tinyurl.com/ydxv8cfo Human Action: A Treatise on Economics https://tinyurl.com/yapklreq Audio version: http://tinyurl.com/ab8wx88 The Theory of Money and Credit https://tinyurl.com/yabb5jt2 Audio version: https://tinyurl.com/y7shhbdq Man, Economy, and State https://tinyurl.com/y8zg569h Audio version: http://tinyurl.com/axhdzg3 Economic Thought Before Adam Smith: An Austrian Perspective on the History of Economic Thought, Volume I https://tinyurl.com/y7qt7de7 Audio version: http://tinyurl.com/a3obfgu Classical Economics: An Austrian Perspective on the History of Economic Thought, Volume II https://tinyurl.com/y8rznd4z Audio version: http://tinyurl.com/bd44b6s Bureaucracy https://tinyurl.com/y7xzgs3v Audio version: http://tinyurl.com/yasf8gld The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions https://tinyurl.com/yagraqj3 Audio version: https://tinyurl.com/y9ajba8k Praxeology: The Methodology of Austrian Economics https://tinyurl.com/pf46rtk The Anti-Capitalistic Mentality https://tinyurl.com/y7c7rejh Economic Freedom and Interventionism https://tinyurl.com/ybg2kj2y Liberty and Property https://tinyurl.com/y7qa3e56 Marxism Unmasked: From Delusion to Destruction https://tinyurl.com/y8og9r4f Interventionism: An Economic Analysis https://tinyurl.com/yaubmmgo Socialism: An Economic and Sociological Analysis https://tinyurl.com/q2sq87w Biography of Ludwig von Mises (1881-1973) https://tinyurl.com/yc8nbhq6 Biography of Murray N. Rothbard (1926-1995) https://tinyurl.com/yd3zzsad The Genius of Carl Menger https://tinyurl.com/ya79lmxa The Life and Works of Böhm-Bawerk https://tinyurl.com/ybkf2zhk Ludwig von Mises on Money and Inflation https://tinyurl.com/y7apgclc Ludwig von Mises and the Austrian School of Economics http://tinyurl.com/yavecrju Why Austrian Economics Matters https://tinyurl.com/y7xhoajq Mises and the Renaissance of Austrian Economics https://tinyurl.com/yc546zn3 Austrian Economics and Classical Liberalism https://tinyurl.com/ydcv8gup Austrian Economics as Extraordinary Science https://tinyurl.com/ydytw3g9 Economic Science and the Austrian Method https://tinyurl.com/y8lgyzta The Austrian Theory of the Trade Cycle https://tinyurl.com/ydfjbzj8 Philosophical and Ethical Implications of Austrian Economics https://tinyurl.com/y8mnnpbn The Place of Human Action in the Development of Modern Economic Thought https://tinyurl.com/y769gmlm Austrian Macroeconomics: A Diagrammatical Exposition https://tinyurl.com/y9j8w9m4 The Austrian School's Critique of Marxism https://tinyurl.com/y953q93g Methodology of the Austrian School Economists https://tinyurl.com/yd2flgaq Control or Economic Law https://tinyurl.com/y8ozd3w5 The Positive Theory of Capital https://tinyurl.com/y92hxwpz Principles of Economics https://tinyurl.com/ybq5h58v Individualism and Economic Order https://tinyurl.com/jtf5aqr The Pure Theory of Capital https://tinyurl.com/yaxgjz53 Monetary Nationalism and International Stability https://tinyurl.com/jpuu3c6 * * * * * DISCLAIMER: This audio presentation is owned by the Ludwig von Mises Institute and is protected under Creative Commons license (CC BY-NC-ND 3.0). http://creativecommons.org/licenses/by-nc-nd/3.0/ This YouTube channel is in no way endorsed by or affiliated with the Mises Institute, any of its scholars or staff members.

The Federal Reserve has had long enough to demonstrate its use to the American economy. The latest economic crisis alone is enough to discredit its claims as the great stabilizer. There is the long history of devastating inflation, the government spending it funds, the wars and welfare that are made possible by its printing presses, and also the conflicts of interest and corruptions it introduces into public life. We can do without the central bank. We don't need the Fed. Our money and our future would be more assured without it. In this conference, the Mises Institute returns to the founding home of the Fed, cobbled together in secret at the Jekyll Island Resort in Georgia, under the guise of a "duck hunting expedition." Playlist for complete "The Birth and Death of the Fed" conference: https://tinyurl.com/ya7gozyn For more on the Federal Reserve, read Murray N. Rothbard's "The Case Against the Fed": http://tinyurl.com/qbr9twj Audio version: http://tinyurl.com/na9ds33 Also check out Rothbard's other books on central banking: What Has Government Done to Our Money? http://tinyurl.com/p3mkr6z Audio version: http://tinyurl.com/pku6eyp A History of Money and Banking in the United States http://tinyurl.com/ot23t9p Audio version: http://tinyurl.com/o8xj73s Economic Depressions: Their Cause and Cure http://tinyurl.com/ogo5ku2 Audio version: http://tinyurl.com/ycyjqqah * * * * * Links to selected online books and essays about Austrian Economics: What is Austrian Economics? https://tinyurl.com/ydxv8cfo Human Action: A Treatise on Economics https://tinyurl.com/yapklreq Audio version: http://tinyurl.com/ab8wx88 The Theory of Money and Credit https://tinyurl.com/yabb5jt2 Audio version: https://tinyurl.com/y7shhbdq Man, Economy, and State https://tinyurl.com/y8zg569h Audio version: http://tinyurl.com/axhdzg3 Economic Thought Before Adam Smith: An Austrian Perspective on the History of Economic Thought, Volume I https://tinyurl.com/y7qt7de7 Audio version: http://tinyurl.com/a3obfgu Classical Economics: An Austrian Perspective on the History of Economic Thought, Volume II https://tinyurl.com/y8rznd4z Audio version: http://tinyurl.com/bd44b6s Bureaucracy https://tinyurl.com/y7xzgs3v Audio version: http://tinyurl.com/yasf8gld The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions https://tinyurl.com/yagraqj3 Audio version: https://tinyurl.com/y9ajba8k Praxeology: The Methodology of Austrian Economics https://tinyurl.com/pf46rtk The Anti-Capitalistic Mentality https://tinyurl.com/y7c7rejh Economic Freedom and Interventionism https://tinyurl.com/ybg2kj2y Liberty and Property https://tinyurl.com/y7qa3e56 Marxism Unmasked: From Delusion to Destruction https://tinyurl.com/y8og9r4f Interventionism: An Economic Analysis https://tinyurl.com/yaubmmgo Socialism: An Economic and Sociological Analysis https://tinyurl.com/q2sq87w Biography of Ludwig von Mises (1881-1973) https://tinyurl.com/yc8nbhq6 Biography of Murray N. Rothbard (1926-1995) https://tinyurl.com/yd3zzsad The Genius of Carl Menger https://tinyurl.com/ya79lmxa The Life and Works of Böhm-Bawerk https://tinyurl.com/ybkf2zhk Ludwig von Mises on Money and Inflation https://tinyurl.com/y7apgclc Ludwig von Mises and the Austrian School of Economics http://tinyurl.com/yavecrju Why Austrian Economics Matters https://tinyurl.com/y7xhoajq Mises and the Renaissance of Austrian Economics https://tinyurl.com/yc546zn3 Austrian Economics and Classical Liberalism https://tinyurl.com/ydcv8gup Austrian Economics as Extraordinary Science https://tinyurl.com/ydytw3g9 Economic Science and the Austrian Method https://tinyurl.com/y8lgyzta The Austrian Theory of the Trade Cycle https://tinyurl.com/ydfjbzj8 Philosophical and Ethical Implications of Austrian Economics https://tinyurl.com/y8mnnpbn The Place of Human Action in the Development of Modern Economic Thought https://tinyurl.com/y769gmlm Austrian Macroeconomics: A Diagrammatical Exposition https://tinyurl.com/y9j8w9m4 The Austrian School's Critique of Marxism https://tinyurl.com/y953q93g Methodology of the Austrian School Economists https://tinyurl.com/yd2flgaq Control or Economic Law https://tinyurl.com/y8ozd3w5 The Positive Theory of Capital https://tinyurl.com/y92hxwpz Principles of Economics https://tinyurl.com/ybq5h58v Individualism and Economic Order https://tinyurl.com/jtf5aqr The Pure Theory of Capital https://tinyurl.com/yaxgjz53 Monetary Nationalism and International Stability https://tinyurl.com/jpuu3c6 * * * * * DISCLAIMER: This audio presentation is owned by the Ludwig von Mises Institute and is protected under Creative Commons license (CC BY-NC-ND 3.0). http://creativecommons.org/licenses/by-nc-nd/3.0/ This YouTube channel is in no way endorsed by or affiliated with the Mises Institute, any of its scholars or staff members.

The Federal Reserve has had long enough to demonstrate its use to the American economy. The latest economic crisis alone is enough to discredit its claims as the great stabilizer. There is the long history of devastating inflation, the government spending it funds, the wars and welfare that are made possible by its printing presses, and also the conflicts of interest and corruptions it introduces into public life. We can do without the central bank. We don't need the Fed. Our money and our future would be more assured without it. In this conference, the Mises Institute returns to the founding home of the Fed, cobbled together in secret at the Jekyll Island Resort in Georgia, under the guise of a "duck hunting expedition." Playlist for complete "The Birth and Death of the Fed" conference: https://tinyurl.com/ya7gozyn For more on the Federal Reserve, read Murray N. Rothbard's "The Case Against the Fed": http://tinyurl.com/qbr9twj Audio version: http://tinyurl.com/na9ds33 Also check out Rothbard's other books on central banking: What Has Government Done to Our Money? http://tinyurl.com/p3mkr6z Audio version: http://tinyurl.com/pku6eyp A History of Money and Banking in the United States http://tinyurl.com/ot23t9p Audio version: http://tinyurl.com/o8xj73s Economic Depressions: Their Cause and Cure http://tinyurl.com/ogo5ku2 Audio version: http://tinyurl.com/ycyjqqah * * * * * Links to selected online books and essays about Austrian Economics: What is Austrian Economics? https://tinyurl.com/ydxv8cfo Human Action: A Treatise on Economics https://tinyurl.com/yapklreq Audio version: http://tinyurl.com/ab8wx88 The Theory of Money and Credit https://tinyurl.com/yabb5jt2 Audio version: https://tinyurl.com/y7shhbdq Man, Economy, and State https://tinyurl.com/y8zg569h Audio version: http://tinyurl.com/axhdzg3 Economic Thought Before Adam Smith: An Austrian Perspective on the History of Economic Thought, Volume I https://tinyurl.com/y7qt7de7 Audio version: http://tinyurl.com/a3obfgu Classical Economics: An Austrian Perspective on the History of Economic Thought, Volume II https://tinyurl.com/y8rznd4z Audio version: http://tinyurl.com/bd44b6s Bureaucracy https://tinyurl.com/y7xzgs3v Audio version: http://tinyurl.com/yasf8gld The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions https://tinyurl.com/yagraqj3 Audio version: https://tinyurl.com/y9ajba8k Praxeology: The Methodology of Austrian Economics https://tinyurl.com/pf46rtk The Anti-Capitalistic Mentality https://tinyurl.com/y7c7rejh Economic Freedom and Interventionism https://tinyurl.com/ybg2kj2y Liberty and Property https://tinyurl.com/y7qa3e56 Marxism Unmasked: From Delusion to Destruction https://tinyurl.com/y8og9r4f Interventionism: An Economic Analysis https://tinyurl.com/yaubmmgo Socialism: An Economic and Sociological Analysis https://tinyurl.com/q2sq87w Biography of Ludwig von Mises (1881-1973) https://tinyurl.com/yc8nbhq6 Biography of Murray N. Rothbard (1926-1995) https://tinyurl.com/yd3zzsad The Genius of Carl Menger https://tinyurl.com/ya79lmxa The Life and Works of Böhm-Bawerk https://tinyurl.com/ybkf2zhk Ludwig von Mises on Money and Inflation https://tinyurl.com/y7apgclc Ludwig von Mises and the Austrian School of Economics http://tinyurl.com/yavecrju Why Austrian Economics Matters https://tinyurl.com/y7xhoajq Mises and the Renaissance of Austrian Economics https://tinyurl.com/yc546zn3 Austrian Economics and Classical Liberalism https://tinyurl.com/ydcv8gup Austrian Economics as Extraordinary Science https://tinyurl.com/ydytw3g9 Economic Science and the Austrian Method https://tinyurl.com/y8lgyzta The Austrian Theory of the Trade Cycle https://tinyurl.com/ydfjbzj8 Philosophical and Ethical Implications of Austrian Economics https://tinyurl.com/y8mnnpbn The Place of Human Action in the Development of Modern Economic Thought https://tinyurl.com/y769gmlm Austrian Macroeconomics: A Diagrammatical Exposition https://tinyurl.com/y9j8w9m4 The Austrian School's Critique of Marxism https://tinyurl.com/y953q93g Methodology of the Austrian School Economists https://tinyurl.com/yd2flgaq Control or Economic Law https://tinyurl.com/y8ozd3w5 The Positive Theory of Capital https://tinyurl.com/y92hxwpz Principles of Economics https://tinyurl.com/ybq5h58v Individualism and Economic Order https://tinyurl.com/jtf5aqr The Pure Theory of Capital https://tinyurl.com/yaxgjz53 Monetary Nationalism and International Stability https://tinyurl.com/jpuu3c6 * * * * * DISCLAIMER: This audio presentation is owned by the Ludwig von Mises Institute and is protected under Creative Commons license (CC BY-NC-ND 3.0). http://creativecommons.org/licenses/by-nc-nd/3.0/ This YouTube channel is in no way endorsed by or affiliated with the Mises Institute, any of its scholars or staff members.

The Federal Reserve has had long enough to demonstrate its use to the American economy. The latest economic crisis alone is enough to discredit its claims as the great stabilizer. There is the long history of devastating inflation, the government spending it funds, the wars and welfare that are made possible by its printing presses, and also the conflicts of interest and corruptions it introduces into public life. We can do without the central bank. We don't need the Fed. Our money and our future would be more assured without it. In this conference, the Mises Institute returns to the founding home of the Fed, cobbled together in secret at the Jekyll Island Resort in Georgia, under the guise of a "duck hunting expedition." Playlist for complete "The Birth and Death of the Fed" conference: https://tinyurl.com/ya7gozyn For more on the Federal Reserve, read Murray N. Rothbard's "The Case Against the Fed": http://tinyurl.com/qbr9twj Audio version: http://tinyurl.com/na9ds33 Also check out Rothbard's other books on central banking: What Has Government Done to Our Money? http://tinyurl.com/p3mkr6z Audio version: http://tinyurl.com/pku6eyp A History of Money and Banking in the United States http://tinyurl.com/ot23t9p Audio version: http://tinyurl.com/o8xj73s Economic Depressions: Their Cause and Cure http://tinyurl.com/ogo5ku2 Audio version: http://tinyurl.com/ycyjqqah * * * * * Links to selected online books and essays about Austrian Economics: What is Austrian Economics? https://tinyurl.com/ydxv8cfo Human Action: A Treatise on Economics https://tinyurl.com/yapklreq Audio version: http://tinyurl.com/ab8wx88 The Theory of Money and Credit https://tinyurl.com/yabb5jt2 Audio version: https://tinyurl.com/y7shhbdq Man, Economy, and State https://tinyurl.com/y8zg569h Audio version: http://tinyurl.com/axhdzg3 Economic Thought Before Adam Smith: An Austrian Perspective on the History of Economic Thought, Volume I https://tinyurl.com/y7qt7de7 Audio version: http://tinyurl.com/a3obfgu Classical Economics: An Austrian Perspective on the History of Economic Thought, Volume II https://tinyurl.com/y8rznd4z Audio version: http://tinyurl.com/bd44b6s Bureaucracy https://tinyurl.com/y7xzgs3v Audio version: http://tinyurl.com/yasf8gld The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions https://tinyurl.com/yagraqj3 Audio version: https://tinyurl.com/y9ajba8k Praxeology: The Methodology of Austrian Economics https://tinyurl.com/pf46rtk The Anti-Capitalistic Mentality https://tinyurl.com/y7c7rejh Economic Freedom and Interventionism https://tinyurl.com/ybg2kj2y Liberty and Property https://tinyurl.com/y7qa3e56 Marxism Unmasked: From Delusion to Destruction https://tinyurl.com/y8og9r4f Interventionism: An Economic Analysis https://tinyurl.com/yaubmmgo Socialism: An Economic and Sociological Analysis https://tinyurl.com/q2sq87w Biography of Ludwig von Mises (1881-1973) https://tinyurl.com/yc8nbhq6 Biography of Murray N. Rothbard (1926-1995) https://tinyurl.com/yd3zzsad The Genius of Carl Menger https://tinyurl.com/ya79lmxa The Life and Works of Böhm-Bawerk https://tinyurl.com/ybkf2zhk Ludwig von Mises on Money and Inflation https://tinyurl.com/y7apgclc Ludwig von Mises and the Austrian School of Economics http://tinyurl.com/yavecrju Why Austrian Economics Matters https://tinyurl.com/y7xhoajq Mises and the Renaissance of Austrian Economics https://tinyurl.com/yc546zn3 Austrian Economics and Classical Liberalism https://tinyurl.com/ydcv8gup Austrian Economics as Extraordinary Science https://tinyurl.com/ydytw3g9 Economic Science and the Austrian Method https://tinyurl.com/y8lgyzta The Austrian Theory of the Trade Cycle https://tinyurl.com/ydfjbzj8 Philosophical and Ethical Implications of Austrian Economics https://tinyurl.com/y8mnnpbn The Place of Human Action in the Development of Modern Economic Thought https://tinyurl.com/y769gmlm Austrian Macroeconomics: A Diagrammatical Exposition https://tinyurl.com/y9j8w9m4 The Austrian School's Critique of Marxism https://tinyurl.com/y953q93g Methodology of the Austrian School Economists https://tinyurl.com/yd2flgaq Control or Economic Law https://tinyurl.com/y8ozd3w5 The Positive Theory of Capital https://tinyurl.com/y92hxwpz Principles of Economics https://tinyurl.com/ybq5h58v Individualism and Economic Order https://tinyurl.com/jtf5aqr The Pure Theory of Capital https://tinyurl.com/yaxgjz53 Monetary Nationalism and International Stability https://tinyurl.com/jpuu3c6 * * * * * DISCLAIMER: This audio presentation is owned by the Ludwig von Mises Institute and is protected under Creative Commons license (CC BY-NC-ND 3.0). http://creativecommons.org/licenses/by-nc-nd/3.0/ This YouTube channel is in no way endorsed by or affiliated with the Mises Institute, any of its scholars or staff members.

Journal of Macroeconomics 1986: Volume 8 , Issue Index. Digitized from IA1518701-05 . Previous issue: sim_journal-of-macroeconomics_fall-1985_7_4 . Next issue: sim_journal-of-macroeconomics_winter-1986_8_1 .

Journal of Macroeconomics 2006: Volume 28 , Issue Index. Digitized from IA1518701-05 . Previous issue: sim_journal-of-macroeconomics_2005-12_27_4 . Next issue: sim_journal-of-macroeconomics_2006-03_28_1 .

Lecture presented by Roger W. Garrison on August 3, 2010 at the Foundation for Economic Education seminar "Advanced Austrian Economics." http://fee.org Established to study and advance classical liberalism, the Foundation for Economic Education (FEE) is the oldest free-market organization in the United States. Murray Rothbard recognized FEE for creating a "crucial open center" that he credits with launching the movement. FEE researches and advocates free-market, classical liberal, and libertarian ideas through lectures as well as publications. The lectures are either a part of week long seminars featuring multiple faculty, or feature one prominent speaker for the Evenings at FEE series. Outreach efforts include a monthly magazine, The Freeman, as well as pamphlets, lectures, and academic sponsorship. FEE publishes reprints of classic libertarian texts. In 1946, FEE was founded by Leonard Read of the Los Angeles Chamber of Commerce, Donaldson Brown of General Motors Corporation, Professors Leo Wolman of Columbia University and Fred R. Fairchild of Yale University, Henry Hazlitt of the New York Times, Claude Robinson of Opinion Research Corporation, and David Goodrich of B. F. Goodrich. The William Volker Fund was instrumental in subsidizing FEE's establishment. (Source: Wikipedia) DISCLAIMER: This YouTube channel is in no way endorsed by or affiliated with the Foundation for Economic Education, any of its lecturers or staff members.

Lecture presented by Roger W. Garrison on August 3, 2010 at the Foundation for Economic Education seminar "Advanced Austrian Economics." http://fee.org Established to study and advance classical liberalism, the Foundation for Economic Education (FEE) is the oldest free-market organization in the United States. Murray Rothbard recognized FEE for creating a "crucial open center" that he credits with launching the movement. FEE researches and advocates free-market, classical liberal, and libertarian ideas through lectures as well as publications. The lectures are either a part of week long seminars featuring multiple faculty, or feature one prominent speaker for the Evenings at FEE series. Outreach efforts include a monthly magazine, The Freeman, as well as pamphlets, lectures, and academic sponsorship. FEE publishes reprints of classic libertarian texts. In 1946, FEE was founded by Leonard Read of the Los Angeles Chamber of Commerce, Donaldson Brown of General Motors Corporation, Professors Leo Wolman of Columbia University and Fred R. Fairchild of Yale University, Henry Hazlitt of the New York Times, Claude Robinson of Opinion Research Corporation, and David Goodrich of B. F. Goodrich. The William Volker Fund was instrumental in subsidizing FEE's establishment. (Source: Wikipedia) DISCLAIMER: This YouTube channel is in no way endorsed by or affiliated with the Foundation for Economic Education, any of its lecturers or staff members.

Lecture presented by Roger W. Garrison on August 3, 2010 at the Foundation for Economic Education seminar "Advanced Austrian Economics." http://fee.org Established to study and advance classical liberalism, the Foundation for Economic Education (FEE) is the oldest free-market organization in the United States. Murray Rothbard recognized FEE for creating a "crucial open center" that he credits with launching the movement. FEE researches and advocates free-market, classical liberal, and libertarian ideas through lectures as well as publications. The lectures are either a part of week long seminars featuring multiple faculty, or feature one prominent speaker for the Evenings at FEE series. Outreach efforts include a monthly magazine, The Freeman, as well as pamphlets, lectures, and academic sponsorship. FEE publishes reprints of classic libertarian texts. In 1946, FEE was founded by Leonard Read of the Los Angeles Chamber of Commerce, Donaldson Brown of General Motors Corporation, Professors Leo Wolman of Columbia University and Fred R. Fairchild of Yale University, Henry Hazlitt of the New York Times, Claude Robinson of Opinion Research Corporation, and David Goodrich of B. F. Goodrich. The William Volker Fund was instrumental in subsidizing FEE's establishment. (Source: Wikipedia) DISCLAIMER: This YouTube channel is in no way endorsed by or affiliated with the Foundation for Economic Education, any of its lecturers or staff members.

Lecture presented by Roger W. Garrison on August 3, 2010 at the Foundation for Economic Education seminar "Advanced Austrian Economics." http://fee.org Established to study and advance classical liberalism, the Foundation for Economic Education (FEE) is the oldest free-market organization in the United States. Murray Rothbard recognized FEE for creating a "crucial open center" that he credits with launching the movement. FEE researches and advocates free-market, classical liberal, and libertarian ideas through lectures as well as publications. The lectures are either a part of week long seminars featuring multiple faculty, or feature one prominent speaker for the Evenings at FEE series. Outreach efforts include a monthly magazine, The Freeman, as well as pamphlets, lectures, and academic sponsorship. FEE publishes reprints of classic libertarian texts. In 1946, FEE was founded by Leonard Read of the Los Angeles Chamber of Commerce, Donaldson Brown of General Motors Corporation, Professors Leo Wolman of Columbia University and Fred R. Fairchild of Yale University, Henry Hazlitt of the New York Times, Claude Robinson of Opinion Research Corporation, and David Goodrich of B. F. Goodrich. The William Volker Fund was instrumental in subsidizing FEE's establishment. (Source: Wikipedia) DISCLAIMER: This YouTube channel is in no way endorsed by or affiliated with the Foundation for Economic Education, any of its lecturers or staff members.

Lecture presented by Roger W. Garrison on August 3, 2010 at the Foundation for Economic Education seminar "Advanced Austrian Economics." http://fee.org Established to study and advance classical liberalism, the Foundation for Economic Education (FEE) is the oldest free-market organization in the United States. Murray Rothbard recognized FEE for creating a "crucial open center" that he credits with launching the movement. FEE researches and advocates free-market, classical liberal, and libertarian ideas through lectures as well as publications. The lectures are either a part of week long seminars featuring multiple faculty, or feature one prominent speaker for the Evenings at FEE series. Outreach efforts include a monthly magazine, The Freeman, as well as pamphlets, lectures, and academic sponsorship. FEE publishes reprints of classic libertarian texts. In 1946, FEE was founded by Leonard Read of the Los Angeles Chamber of Commerce, Donaldson Brown of General Motors Corporation, Professors Leo Wolman of Columbia University and Fred R. Fairchild of Yale University, Henry Hazlitt of the New York Times, Claude Robinson of Opinion Research Corporation, and David Goodrich of B. F. Goodrich. The William Volker Fund was instrumental in subsidizing FEE's establishment. (Source: Wikipedia) DISCLAIMER: This YouTube channel is in no way endorsed by or affiliated with the Foundation for Economic Education, any of its lecturers or staff members.

iii, 275 p. : 28 cm

The first lecture in a complete course in Macroeconomics

The first lecture in a complete course in Macroeconomics

The first lecture in a complete course in Macroeconomics

The study of macroeconomics--the determination and control of aggregative variables such as gross national product, unemployment and inflation--may be facilitated by the use of a computer simulation policy game. An aggregative model of the economy was constructed and programed for a computer and (hypothetical) historical data were generated. The data were then given to students so that they could attempt to make policy decisions which would solve problems of unemployment and inflation in the economy. Variants of the model were used in a number of ways during the past several years--for students in an introductory economics course, for an intermediate macroeconomics course, and for first-year graduate theory students. At the graduate level, a stochastic version of the model has been used with a regression package, and this modification appears to provide an ideal laboratory for the exploration of econometric problems. Most students who have been exposed to the model report that they enjoyed participating in the game and as a result became more interested in their course and that the experience had made the textbook material seem more real and more easily understood. (Author/SH)

xxiii, 690 pages : 23 cm

Includes index

Includes index