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(Get Answer) – Write A Research Paper 53

Question Description

Write a research paper (2000+)

The Market System, the Entrepreneur and Profit and Loss in Austrian School Economics.


i. Analyzing the Market Economy: Conceptual Foundations

Required: Murphy, Chs. 9; Holcombe Ch. 1; Hayek, Individualism and Economic Order (Links to an external site.), Ch. 4 (“The Use of Knowledge in Society”).

Recommended: Mises, Chs. 14, 15 (sections 1-7); Hayek, Individualism and Economic Order (Links to an external site.), Ch. 2 (“Economics and Knowledge”).

ii. The Determination of Factor Prices

Required: Murphy, Ch. 10; Bohm Bawerk, The Positive Theory (Links to an external site.), Bk. IV, Ch. 7; Mises, Ch. 16 (section 3).

iii. Entrepreneurship, Profit and Loss and the Process of Competition

Required: Mises, Profit and Loss (Links to an external site.), Part A; Hayek, Individualism and Economic Order (Links to an external site.), Ch. 5 (“The Meaning of Competition”); Kirzner, Entrepreneurial Discovery and the Competitive Market Process (Links to an external site.),

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