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Marginal Analysis

MARCH 10, 2013

A type of economic analysis that views individuals as having to choose between discrete amounts of inherently scarce goods and services. Due to scarcity, individuals must prioritize in order to fulfill those needs and desires that are most important to them. Marginal analysis accounts for these preferences and is used to build models that include this decision making process.

Steve Horwitz - What Austrian Economics IS and What Austrian Economics is NOT

Anthony Carilli - The Economic Way of Thinking

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September 2014

For centuries, hierarchical models dominated human organizations. Kings, warlords, and emperors could rally groups--but also oppress them. Non-hierarchical forms of organization, though, are increasingly defining our lives. It's no secret how this shift has benefited out social lives, including dating, and it's becoming more commonplace even in the corporate world. But it has also now come even to organizations bent on domination rather than human flourishing, as the Islamic State shows. If even destructive groups rely on this form of entrepreneurial organization, then hierarchy's time could truly be coming to an end.
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