"It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance." - Murray Rothbard

Understanding basic economics is one of the essential pillars in spreading a consistent message of liberty and battling the misinformation peddled by the mainstream media and politicians. has updated the Fundamental Economic Concepts page.  There is a lot of information here. Feel free to browse the page or download a listing of the concepts in its entirety from the Archives. Over the next two weeks or so we are going to be featuring a new concept each day here on the blog.  This pace may be easier for some to digest. Either way, the information is out there. Enjoy!  

Fundamental Economic Concepts include:
  • Scarcity and Subjective Individual Value
  • Production, Time Preference, and the Cost of Foregone Alternatives
  • Incentives and Margin - Two Keys to Understanding Human Decision Making
  • Consumer Goods, Capital Goods, and Savings
  • Property *Newly Added
  • The Market *Newly Added
  • Division of Labor and the Benefits of Exchange - Specialization and Knowledge Sharing *Newly Added
  • Prices *Newly Added
  • Money *Updated
  • Interest
  • Capital and the Structure of Production * Updated
  • Recessions and Depressions: What Causes the Business Cycle of Booms and Busts?

QUESTION: Are there any other fundamental economic concepts you think we should cover?

A $ A

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2/7/2021 02:46:29 pm

Very nice blog you have hhere


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