Study Guide to Man, Economy, and State with Power and Market

52 Study Guide to Man, Economy, and State with Power and Market
Study Questions
1. What is the significance of the fact that the “number
of markets needed is immeasurably reduced”
in a money economy? (pp. 233–35)
2. Why doesn’t every good have a purchasing power
that consists of an array, i.e., what is so special
about the money commodity? (pp. 236–37)
3. What does it mean to “sell” money? To “buy”
money?
4. Why do individuals hold cash balances? (pp.
264–65)
5. Why does Rothbard argue that buying more eggs
will make the marginal utility of butter increase?
(p. 266)
6. Are money prices a measuring rod of subjective
value?
7. Why did economists before Mises find difficulty
with a marginal utility explanation of money
demand? (p. 268)
8. How does Mises’s money regression apply to fiat
money?
9. Can an individual really know the true cost of an
action, even ex post? (p. 277)