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- Robert P. Murphy
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Robert P. Murphy
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Recorded at the Mises Institute, 7–8 October 2005. [27:13]
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Author:
Robert P. Murphy
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Robert Murphy presents the Lou Church Memorial Lecture in Religion and Economics: The Tension Between Economics and Religion. From the 2006 Austrian Scholars Conference.
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Author:
Robert P. Murphy
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From the 2006 Supporters Summit: Imperialism: Enemy of Freedom, 27-28 October 2006, Auburn, Alabama.
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Author:
Robert P. Murphy
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Direct exchange was limited. The pattern of indirect exchange led to the common medium of exchange: money. Maximization of psychic income always leads the seller of a good to seek the highest money price for it, and the buyer of a good to seek the lowest money price. All human action uses scarce resources to attempt to arrive at the most highly
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Author:
Robert P. Murphy
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Entrepreneurs see the future better than others and go and make money off it. Profits are an index that maladjustments are being met and combatted by the profit-making entrepreneurs. Capital does not beget profits. Only wise entrepreneurial decisions do that. The paradox of saving is that saving is the necessary and sufficient condition for