#F1001 - The Political Economy of Production and Predation
Why societies prosper by production and decline by predation: dT>0, how hidden rent‑seeking destroys wealth, and what institutional safeguards can and can’t fix.
Why societies prosper by production and decline by predation: dT>0, how hidden rent‑seeking destroys wealth, and what institutional safeguards can and can’t fix.
How labels replace merit in elite education and culture: why resume‑driven success reproduces class and crowds out substantive achievement.
Ten core ideas of Austrian economics: individual choice, subjective value, time and uncertainty, spontaneous order, marginal utility, limited authority, and free markets.
How morality is embedded in economics: social norms as costs/benefits, subjective utility, and modeling policy trade‑offs without losing ethical context.
Why cheap credit inflates assets for the wealthy while consumer prices stagnate: how credit creation and unequal collateral access split inflation’s impact.