Comments on Crash Landing: Aargh!

When i go to play the game and i will go to earn S...

2008-12-23T04:07:00.000-05:00

When i go to play the game and i will go to earn Sho Online Mun,i want to get a lot of Sho Mun to let me earn more and more Sho Online gold,and there is a lot of Sho gold in the game, i will often go to buy Sho Online gold.

Bob, I basically agree: I've seen Kirzner's fantas...

2007-07-01T23:24:00.000-04:00

Bob, I basically agree: I've seen Kirzner's fantastic lecture on supply and demand curves two or three times. But I figured it's enough to educate this guy on standard economics -- at least if he gets that right, he won't say "supply will outstrip demand."

Gene,I think maybe you missed my (anal) point. Th...

2007-06-29T14:10:00.000-04:00

Gene,

I think maybe you missed my (anal) point. The uberpurist Austrian view is that it makes no sense to talk of infinitesimal price changes and quantities, and so there really isn't a demand curve; at best there's a demand schedule, a collection of finite points.

And why would quoting Landsburg matter? In your book you cite him as a great example of flawed thinking when it comes to price theory, right?

I once went to a strip club near the Berkeley econ...

2007-06-28T04:59:00.000-04:00

I once went to a strip club near the Berkeley economics department and saw Demand outrip Supply with my own eyes.

It was a strip club for nerds, obviously, but still.

"The respective relations are called the 'supply c...

2007-06-27T15:28:00.000-04:00

"The respective relations are called the 'supply curve' and 'demand curve', or 'supply' and 'demand' for short."
http://en.wikipedia.org/wiki/Supply_and_demand

My post is pretty much straight from Landsburg's Price Theory -- I'll find the direct quotes tomorrow when I'm near the book.

Are they really curves, Gene? I don't want to bas...

2007-06-27T14:20:00.000-04:00

Are they really curves, Gene? I don't want to bash my head on a keyboard or anything, but it seems you are being a bit imprecise while you are lecturing someone else on his sloppiness.