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>> No.10834002 [View]
File: 27 KB, 332x400, Price-Machine.jpg [View same] [iqdb] [saucenao] [google]
10834002

>>10833903
I'm not that anon, Economic marginality is what I'm reading right now. CAUTION: economics gets extremely mathematical from this point forwards. If you aren't fluent in calculus, derivatives, basic geometrical relations of hyperbolas etc. don't even bother.

Carl Menger - Principles of Economics
Leon Walras - Elements of Pure Economics
Irving Fisher - Mathematical Investigations into the Theory of Value and Price
Vilfredo Pareto - Manual of Political Economy

I don't really know too much about this last one, it's the book I'm GOING to be reading. But the first three are basically all about nothing but marginal economics. Walras' book is all you need to know. Walras is one hell of an economist. Basically man you are in for a rollercoaster of a journey through derivatives and mathematical expressions of utility through different definitions and components of value. I can honestly say Walras' expressions of how bimetallism would theoretically be a more efficient stabilizer than a managed monetary unit were some of the most interesting things I've ever read regarding economics in my life.

Pic related, it's Irving Fisher's price machine. A machine that uses hydrodynamics to represent economic equilibrium and marginal economics.

It's all fascinating, m8 (Carl Menger is all words, but a very informative read, even so; he was the only good Austrian economist and influenced Keynes vastly)

>> No.10805761 [View]
File: 27 KB, 332x400, Price-Machine.jpg [View same] [iqdb] [saucenao] [google]
10805761

>>10805749
Pic related is the 'price machine', as engineered by Irving Fisher.

It uses hydrodynamics to establish marginal equilibrium.

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