Most Important Ideas

Economics Economics Questions
1

Rank what you think are the most important ideas in economics/libertarianism in general.

I’ll go with:

  1. Law of Unintended Consequences

  2. Governments Can’t Calculate

  3. It’s Not a Zero-Sum Game

2

One does not need central planning for order.

-Jon

3

The supply-demand curve:

4

Subjective Theory of Value

5

Division of labor

Money can be private

Society orders itself

6

I’d recall OPPORTUNITY COST, and its cousin: to make sure WASTE IS MINIMIZED!!

7

Property rights and contract as the basis of political ethics.

8

  1. Self-ownership

  2. Without guns and prisons the state could never intervene

  3. Everything has an opportunity cost