12.06.2016 - By Enemy of the State
INTRODUCTION TO MICROECONOMICS
Presented by Murray N. Rothbard in 1986 at New York Polytechnic University. Recorded by Hans-Hermann Hoppe.
1. Intro to Micro: Demand and Supply
Micro means dealing with the individual action. Macro deals with larger pictures of business cycles. Macro is screwed up. Micro is in pretty good shape. Study it first. Every individual has goals they wish to achieve.You use means to achieve goals. Economic theory is based on this deductive fact that the individual wants to arrive at goals - the means-ends objective.
Part 1 of 14. Presented in 1986 at New York Polytechnic University.
This lecture on YouTube: https://youtu.be/VHPk-WrTBAE
Sourced from: https://mises.org/library/introduction-microeconomics
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