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by batch12 834 days ago
I am not finding the phrase price fixing anywhere in that book. Am I holding it wrong?
1 comments

Its a book on basic economic reasoning, price signals, competition, those things are covered from a principled basis, sorry if it doesnt ctrl+f to tell you how irrational the idea of price fixing is.
You make an interesting point. While the concept is never introduced in the book, the sum total of the information of the book is that price fixing doesn’t work.

How do I square that with the lesson that I learned from the Bible? While price fixing is not mentioned in it it is pretty clear that it says that price fixing works

Well, I wouldnt belittle you for getting your economic education, the bible, Qur'an and others have discussed some economic matters; though, it may be advisable to consult one of the best economic textbooks regarding economic matters.
I did, and it’s obvious if you read it that it says price fixing works. It is a lesson that becomes clear when you read the book cover to cover
You know, maybe some people arent cut out for economics, but, the spirit of rothbard compels me, economic education is for the masses so I will provide a quote from chapter 2, prices and cost subsection.

"While you may put whatever prices you wish on the goods and services you provide, those prices will become economic realities only if others are willing to pay them, and that depends not on whatever prices you have chosen, but on how much consumers want what you offer, and on what other producers charge for the same goods and services."

So, maybe the 6th edition could be better equipped for ctrl+f economists, with all the communist propaganda words indexed to subsections.

We both agree that price fixing does not need to be mentioned in a book for that book to be clearly obvious in its position on it, and also that any book that mentions anything tangential to price fixing can contain an immutable and unarguable truth about it that becomes apparent only to those with the intellectual capacity to glean its hidden meanings.

I’m not really sure why you would impugn my mind for economics but perhaps since “read a book” qualifies as an argument, I might recommend that you try out The Living Bible? It is written in a plain English for those that may struggle with the vocabulary of the King James Version. There is no shame in not being able to get the clear and obvious message here, but thankfully the Good Book has versions for every level of reader :)