Friday, October 24, 2008
Sushi Model of Capital Consumption
Robert P. Murphy, of the Ludwig van Mises Institute, uses a Sushi consumption model to describe how Paul Krugman's discredit of Austrian economics is false. Its very easy to understand and makes complete sense. It does a good job of explaining partially why unemployment occurs during recessions as well.
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2 comments:
Um, wrong link.
fixed
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