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 766 items for:
- Joseph T. Salerno
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
Recorded at the Mises Institute, 7–8 October 2005. [35:13]
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
In this introduction to the basics of Austrian-school economic analysis, Joseph Salerno introduces a number of basic concepts including utility, exchange, psychic cost, choice, and marginal value. He also introduces a number of important topics such as Crusoe economics and the water-diamond paradox. Salerno lays the foundation for this series of
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
All action is exchange, even forced exchange like slavery, taxes, eminent domain and conscription, where only one party gains. The Law of Marginal Utility tells us how many exchanges will be made. Demand is elastic if when you cut your price, demand goes up. Demand is inelastic when revenues remain strong even though prices have been raised.
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
What principles determine the formation of prices on the free market? The equilibrium price between supply and demand determines prices according to the value scales of sellers and buyers and their elastic or inelastic positions. As the price increases, new suppliers with higher minimum selling prices are brought into the market, while demanders