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Pastimes
Austrian Economics, a lens on everyday reality
An SI Board Since December 2001
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Emcee:  Don Lloyd Type:  Moderated
Introduction Compact
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295Don, <i>No, this is wrong. There is no proportionality.</i> <i&Wildstar-11/15/2003
294The operative statement in my post is here: <B>If one state is preferred tgpowell-11/15/2003
293gpowell, <i>A requirement that a decision maker must be "far from inDon Lloyd-11/15/2003
292<I>But both he and any other non-zero bidder still are far from indifferengpowell-11/15/2003
291gpowell, <i>A further comment. Consider the price paid for a DVD of the Don Lloyd-11/15/2003
290A further comment. Consider the price paid for a DVD of the movie Groundhog Dagpowell-11/15/2003
289Those are good points to clarify. Utility is not a quantitative measure as is gpowell-11/14/2003
288gpowell, <i>...Utility assigns an ordinal number to every choice state. UDon Lloyd-11/14/2003
287Utility: A measure of the satisfaction received from some type of economic activgpowell-11/14/2003
286gpowell, This might be an overly simplistic question, but can you describe whatWildstar-11/13/2003
285gpowell, <i>...I think it is essential to view financial capital as havinDon Lloyd-11/13/2003
284<I>Specific present consumption is always preferred to future consumption gpowell-11/13/2003
283gpowell, <i>...It is observed that constraints have tended to ease with tDon Lloyd-11/13/2003
282<B>Supply side</B> Priliminary comments. A supplier supplies goodsgpowell-11/13/2003
281<B>Marginal rate of substitution</B> Let’s assume for the moment a gpowell-11/11/2003
280There should'nt be anything in my posts that isn't consistent with austrgpowell-11/11/2003
279Your observations are correct and anticipated in one of my upstream paragraphs. gpowell-11/11/2003
278gpowell, <i>Ordinary Demand Curve: A decision maker’s ordinary demand curDon Lloyd-11/10/2003
277gpowell, <i>I thought I'd submit my first principles for supply, demaDon Lloyd-11/10/2003
276Wildstar, <i>If widgets are made from copper, a non-specific factor of prDon Lloyd-11/10/2003
275Ordinary Demand Curve: A decision maker’s ordinary demand curve is derived from gpowell-11/10/2003
274Wildstar, <i>I believe the degree of dependency of the price of the factoDon Lloyd-11/10/2003
273I thought I'd submit my first principles for supply, demand, and equilibriumgpowell-11/10/2003
272<B>Utility Functions:</B> Rational individuals always choose their mgpowell-11/10/2003
271Reviewing Demand. <B>Modeling Rational Choice:</B> Anything that sagpowell-11/10/2003
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