Ep. 0110: Twenty-One Key Concepts & Theories, Part 2

In this second part of “Twenty-One Key Concepts & Theories,” we focus on seven concepts & theories related to economics.

Join CJ as he discusses:

8. Public Choice Theory

9. Regulatory Capture

10. Austrian Business Cycle Theory

11. The Broken Window Fallacy

12. Opportunity Costs

13. The Law of Diminishing Marginal Utility

14. The Sunk Costs Fallacy

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External Links

• Declare Your Independence with Ernest Hancock (CJ will be a guest on 7/20)
• “Smooth Operator” by Sade, CJ’s new personal theme song
• An Introduction to Public Choice Theory
• “Lockheed, Stock, & Two Smoking Barrels” by Richard Cummings
• Keynes Versus Hayek rap video part 1
• Keynes Versus Hayek rap video part 2
• Are Wars Good for the Economy? (An examination of this question that brings up the Broken Window Fallacy)

(pic of Dollar Hook courtesy scottchan via freedigitalphotos.net)