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Topic: Market economics

	Economics - Internet-Encyclopedia.com (Site not responding. Last check: 2007-10-31)
		Economics is said to be positive when it attempts to explain the consequences of different choices given a set of assumptions and normative when it prescribes a certain route of action.
		Modern economic thought is usually considered to have begun with Adam Smith in the late 18th century, although earlier thinkers such as the Spanish Scholastics and the physiocrats made important contributions.
		The Marxist paradigm of economics is not generally held in high regard by market economists, though some concepts from his work are occasionally used in mainstream contexts, particularly in labor economics and in political economy.
	www.internet-encyclopedia.com /ie/e/ec/economics_1.html (4886 words)

	Economics - Wikipedia, the free encyclopedia
		Economic history is the study of economic change, and of economic phenomena in the past.
		In mainstream market economics, where there are significant scarcities not factored into price, there is said to be an externalization, which is a cost or benefit to actors other than the buyer and seller, of which many examples exist, including pollution (a cost to others) and education (a benefit to others).
		Market economics predicts that scarce goods which are under-priced because of externalities are over-consumed (See social cost), and that scarce goods that are over-priced are under-consumed.
	en.wikipedia.org /wiki/Economics (5924 words)

	Free Market, by Murray N. Rothbard: The Concise Encyclopedia of Economics: Library of Economics and Liberty
		Market socialism is, in fact, a contradiction in terms.
		This means that the key to the existence and flourishing of the free market is a society in which the rights and titles of private property are respected, defended, and kept secure.
		The peaceful market competition of producers and suppliers is a profoundly cooperative process in which everyone benefits, and where everyone's living standard flourishes (compared to what it would be in an unfree society).
	www.econlib.org /library/Enc/FreeMarket.html (1798 words)

	Market Equilibrium Economics Society
		Market Equilibrium is the point at which total supply and demand within a market are equal, shown by the intercept of a demand curve and a supply curve when both a graphed on the same axes.
		Within most markets market equilibrium will naturally be reached.
		For everything that is supplied to be consumed and for the market to be "cleared," price must be equal to or lower than equilibrium price.
	infotut.com /reference/Society/Economics/Market_Equilibrium (235 words)

	The Austrian Economics Study Guide
		The ninth of ten lectures from the Introduction to Austrian Economic Analysis seminar with Joseph Salerno, recorded at the Mises Institute, 06-22-2006.
		The eighth of ten lectures from the Introduction to Austrian Economic Analysis seminar with Joseph Salerno, recorded at the Mises Institute, 06-21-2006.
		The seventh of ten lectures from the Introduction to Austrian Economic Analysis seminar with Joseph Salerno, recorded at the Mises Institute, 06-20-2006.
	www.mises.org /studyguide.aspx?action=subject&Id=1 (417 words)

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