<p>The role of wealth in human life. “Scarcity” and the limitless need for wealth. The law of diminishing marginal utility and its reconciliation with the limitless need for wealth.</p>
<p>READINGS</p>
<ul>
 <li>Reisman: Chapter 2 27</li>
 <li>von Mises, Human Action: pp. 257-326</li>
  <li>[von Mises, Socialism: 289–313, 395-403, 452-453]</li>
  <li>Samuelson: Optional: Chapter 1</li>
</ul>

The role of wealth in human life. “Scarcity” and the limitless need for wealth. The law of diminishing marginal utility and its reconciliation with the limitless need for wealth. READINGS Reisman: Chapter 2 27 von Mises, Human Action: pp. 257-326 [von Mises, Socialism: 289–313, 395-403, 452-453] Samuelson: Optional: Chapter 1

2. Capitalism Microeconomics: Role of wealth in human life

George Reisman, Ph.D., is Pepperdine University Professor Emeritus of Economics, and the author of Capitalism: A Treatise on Economics.

The Capitalist Professor is a podcast featuring his university lectures on the economics of capitalism.

His website is www.capitalism.net. Follow him on Twitter @GGReisman. His blog is georgereismansblog.blogspot.com.

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George Reisman, Ph.D., is Pepperdine University Professor Emeritus of Economics, and the author of Capitalism: A Treatise on Economics. The Capitalist Professor is a podcast featuring his university lectures on the economics of capitalism. His website is www.capitalism.net. Follow him on Twitter @GGReisman. His blog is georgereismansblog.blogspot.com.

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2. Capitalism Microeconomics: Role of wealth in human life

2. Capitalism Microeconomics: Role of wealth in human life