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🔥 Austrian Business Cycle Theory | What causes business cycles?
On December 4, 2019 by Raul DinwiddieIn one of the previous episodes we discussed time preference and interest rates. If you have not seen it, watch it before you start this episode, because today we will discuss how dreadful crises arise. Interest rates play an important role, as they coordinate production in time. You could say that the market interest rate
Articles . Blog
Does Capitalism Exploit Workers? – Learn Liberty
On September 24, 2019 by Raul Dinwiddie[Music] Karl Marx famously thought that a capitalist economy promotes the systematic exploitation of workers for Marx this idea was based on a labor theory of value which most scholars today reject nevertheless many still agree with Marx’s basic claim that capitalism is inherently exploitative they simply define exploitation in broader and less contentious terms
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