7. Capitalism Microeconomics: Price controls, shortages, and economic chaos

from The Capitalist Professor with George Reisman, Ph.D. - Free College Courses on Capitalism · host George Reisman

The free market’s efficiency in responding to economic change. Factor prices. Price controls, shortages, and economic chaos. Illustrations from the energy crisis and rent controls. From partial price controls to universal price controls. READINGS Reisman: Chapter 7 von Mises, Human Action: pp. 730-736, 758–769; [von Mises, Socialism: pp. 527–543]

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7. Capitalism Microeconomics: Price controls, shortages, and economic chaos

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