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Crunch time for Australia’s booming property markets. Sydney house prices to fall 4% by 2020.; BIS Oxford Economics Residential Property Prospects 2017 to 2020 Report
Topic Started: 22 Jun 2017, 09:47 AM (4,185 Views)
Simon_S
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Rat
18 Aug 2017, 04:45 PM
Correct, I don't know what they are - I've already said that.

That's why I'm asking you to list The Basic Laws of Economics.
Mises or Austrian Economics which is a particular school of thought with in the Economics Fraternity seems to believe there are ten:

Ten Fundamental Laws of Economics

I'm sure there are other schools of Economic thought that may disagree.

Do a search you may learn something or gravitate to one particular school of economic thought over another.

Hope this Helps...... :lol

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herbie
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Schools of Economic Thought - There's bin a few of 'em over tha yrs.

Hmmm ... 'Hope this helps' - LOL :

1 Ancient economic thought
2 Islamic economics
3 Scholasticism
4 Mercantilism
5 Physiocrats
6 Classical political economy
7 American (National) School
8 French liberal school
9 German historical school
10 English historical school
11 French historical school
12 Utopian economics
13 Georgist economics
14 Marxian economics
15 Neo-Marxian economics
16 State socialism
17 Ricardian socialism
18 Anarchist economics
19 Distributism
20 Institutional economics
21 New institutional economics
22 Neoclassical economics
23 Lausanne school
24 Austrian school
25 Stockholm school
26 Keynesian economics
27 Chicago school
28 Carnegie school
29 Neo-Ricardianism
30 Modern schools (late 19th and 20th century)
31 Heterodox schools (20th and 21st century)
32 20th century schools

https://en.wikipedia.org/wiki/Schools_of_economic_thought

Oh, 'n looky, looky, looky - Mises gets a mention at Number 24 ... :)
Edited by herbie, 18 Aug 2017, 05:26 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Simon_S
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herbie
18 Aug 2017, 05:11 PM
Schools of Economic Thought - There's bin a few of 'em tha yrs.

Hmmm ... 'Hope this helps' - LOL :

1 Ancient economic thought
2 Islamic economics
3 Scholasticism
4 Mercantilism
5 Physiocrats
6 Classical political economy
7 American (National) School
8 French liberal school
9 German historical school
10 English historical school
11 French historical school
12 Utopian economics
13 Georgist economics
14 Marxian economics
15 Neo-Marxian economics
16 State socialism
17 Ricardian socialism
18 Anarchist economics
19 Distributism
20 Institutional economics
21 New institutional economics
22 Neoclassical economics
23 Lausanne school
24 Austrian school
25 Stockholm school
26 Keynesian economics
27 Chicago school
28 Carnegie school
29 Neo-Ricardianism
30 Modern schools (late 19th and 20th century)
31 Heterodox schools (20th and 21st century)
32 20th century schools

https://en.wikipedia.org/wiki/Schools_of_economic_thought

Oh, 'n looky, looky, looky - Mises gets a mention at Number 24 ... :)
I think you'll just confuse Shadow even more....

I'm sure he was looking for a simple answer....... :lol


Edited by Simon_S, 18 Aug 2017, 05:17 PM.
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Rat
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Filthy Rodent

Simon_S
18 Aug 2017, 04:56 PM
I'm sure there are other schools of Economic thought that may disagree.
So they're not actually Laws then. Just somebody's opinion.

Can you articulate any specific 'Laws' that you personally believe in?

If you can't think of any yourself, then you're welcome to just claim agreement with some other set of 'Laws' that another blogger has thrown together.
Edited by Rat, 18 Aug 2017, 05:33 PM.
Consumer protection laws extended to small businesses. Banks not permitted to repossess due to non-monetary defaults (for example, a fall in the property value).
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herbie
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Simon_S
18 Aug 2017, 05:16 PM
I think you'll just confuse Shadow even more....

I'm sure he was looking for a simple answer....... :lol

Fortunately I can only assume that Chris is 'all over it' - Given he's assured us in the past that he "knows his stuff".

So I can only continues to await his all knowing, wise and sage response wif bated breath ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Simon_S
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Rat
18 Aug 2017, 05:27 PM
So they're not actually Laws then. Just somebody's opinion.
Wow......Did you just figure that out?

Sorry I keep forgetting this stuff is new to you..... :lol
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Rat
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Filthy Rodent

Simon_S
18 Aug 2017, 05:31 PM
Wow......Did you just figure that out?
Yes, as soon as I read your set of 'Laws' I immediately figured out they weren't Laws at all.

If you (or Chris) know any real Laws of Economics, then feel free to post them.
Consumer protection laws extended to small businesses. Banks not permitted to repossess due to non-monetary defaults (for example, a fall in the property value).
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Simon_S
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Rat
18 Aug 2017, 05:35 PM
Yes, as soon as I read your set of 'Laws' I immediately figured out they weren't Laws at all.

If you (or Chris) know any real Laws of Economics, then feel free to post them.
What Laws were you expecting?

The Ten Commandments.......... :lol
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herbie
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Hey how about we adds another one ta tha list? :

Something based 'round tha thought "Wot goes up must come down"?

Sheesh, we could even call it The Platonic School of Economic Thought - Yunno in honour of that Russkie serf dude in Tolstoy's "War and Peace" ... :)

Or if that don't sound quite grand enough, maybe we could call it Franklinism - Hmmm it were young Ben wot woz tha silly f*** that didn't have tha smarts ta get his head out of the road of that apple weren't it? - LOL
Edited by herbie, 18 Aug 2017, 05:47 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Rat
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Filthy Rodent

Simon_S
18 Aug 2017, 05:38 PM
What Laws were you expecting?
No idea, that's why I'm asking you or Chris to list them.
Edited by Rat, 18 Aug 2017, 05:44 PM.
Consumer protection laws extended to small businesses. Banks not permitted to repossess due to non-monetary defaults (for example, a fall in the property value).
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