Tag Archive: David Hume


Daily Quote 1.29.14

David Hume

 

 

” Nothing appears more surprising to those who consider human affairs with a philosophical eye, than the ease with which the many are governed by the few.”

 

 

 

 

 

 

 

 

Video 5 Of 60 From The Course: International Trade

 

 

 

 

” What are the benefits of product variety and how does trade affect variety? This video takes a closer look at how trade leads to variety for the consumer and higher productivity for the producer, too. This video also explains why consumers and producers can’t have exactly what they desire in a good by examining the trade-off between variety and average cost. You’ll also learn how the market manages the trade-off between variety and average cost via theories of monopolistic competition. “

 

 

    Check out Marginal Revolution for a wide variety of online courses to educate yourself in matters of economics , property rights , foreign policy , media , finance and much much more . You’ll be glad that you did .