Course video 5: The marginal revolution and Carl Menger

Lynne Kiesling The Marginal Revolution in Economics from Lynne Kiesling on Vimeo. A fundamental question in economics is value theory — where do prices come from, what determents the value of a commodity, product, or good? The classical economists operated with a labor theory of value, but in the mid-19th century, three different economists from … More Course video 5: The marginal revolution and Carl Menger

WSJ profile of Pete Boettke and modern Austrian economics

Lynne Kiesling This weekend’s Wall Street Journal has, for your reading pleasure, a wonderful profile of Pete Boettke. Many of you know Pete as an economics professor at George Mason, a contributor to Coordination Problem, and a tireless and fierce intellect to be reckoned with. He is also a good friend to Knowledge Problem, and … More WSJ profile of Pete Boettke and modern Austrian economics

Retail electric power market shakeout in Texas, II

Michael Giberson Following up on a Monday post, in the news another report of a Texas electric power retailer seeking to acquire generation as a natural hedge.  From Platts: Direct Energy said Wednesday that it plans to acquire and/or develop new generating capacity in the US to support its electricity retailing business. Direct, a subsidiary … More Retail electric power market shakeout in Texas, II