tag:blogger.com,1999:blog-6245381193993153721.post3109000171205318901..comments2024-03-17T00:23:24.896-07:00Comments on Social Democracy for the 21st Century: A Realist Alternative to the Modern Left: Austrians and their Incoherent Views on Administered PricesLord Keyneshttp://www.blogger.com/profile/06556863604205200159noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6245381193993153721.post-78882992991455544272014-02-07T14:03:01.605-08:002014-02-07T14:03:01.605-08:00why "doctrine" ?why "doctrine" ?Philippenoreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-79644886974044127962014-02-06T01:54:08.848-08:002014-02-06T01:54:08.848-08:00Rob Rawlings,
Bohm-Bawerk's work on prices is...Rob Rawlings,<br /><br />Bohm-Bawerk's work on prices is nothing but marginalism with an Austrian twist.<br /><br /><i>" This is not the same thing as saying .he believed prices were set administratively. "</i><br /><br />Right. So I am correct in my statement above?<br /><br />And I am fully aware that there has been a desperate attempt to make marginalism compatible with mark-up pricing. <br /><br />There was a huge debate back in the 1940s-1960s called the "marginalist controversy", but even then the marginalists couldn't their story straight.Lord Keyneshttps://www.blogger.com/profile/06556863604205200159noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-23104634776029786162014-02-05T11:07:41.038-08:002014-02-05T11:07:41.038-08:00"Yet another confusion about what Austrians t..."Yet another confusion about what Austrians think about administered prices stems from George Reisman’s Capitalism: A Treatise on Economics "<br /><br /><br />I think you are missing the point about this. <br /><br />Bohm-Bawerk described the process by which prices would end up equal to (something like) cost+markup. This is not the same thing as saying .he believed prices were set administratively. <br /><br />In my view however this insight may help explain why many firms find AP to be an optimizing strategy.<br /><br /><br /><br /><br /><br />Rob Rawlingsnoreply@blogger.com