becker

Ed Stringham and the Information Puzzle

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I recently began writing about my interest in The Preference Elasticity of Demand. This article argues that the Austrian School of Economics is a logical theoretical home for the theory of preference elasticity. I also discuss an objection the preference elasticity called the information puzzle. Ed Stringham is an Austrian economist and author of Private … Read more

The Preference Elasticity of Demand: Overview and Motivation

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Standard microeconomics includes a discussion on the Hicksian demand curve. This article extends a similar analysis to establish a post-Beckerian framework for the analysis of preference change. A big shoutout to Desmos which was used to create all of the graphs this post will contain. The series will proceed as follows: Overview and Motivation Assigning … Read more