Reply To: Rothbard and Hayek

#17037
cboyack
Keymaster

Ok, I see what you’re referring to now. I didn’t realize that Rothbard was building on Hayek’s work with that graphic representation. The height is determined by the number of stages of production, the slope is determined by the interest rate, and the length represents what is spent on a single good or the aggregate supply of all goods in the similar diagram on page 391?

-Andrew