There is no such thing as supply. There is only demand, or what is sometimes called “total demand”.

Yesterday’s post tried to lay out why I believe the fundamental difference between Austrians, Chicago school, and Samuelsonian economists is only one of emphasis. Thinking more about it, I was reminded about an interview with Kirzner that also bring in the use of math in economics (one of my favorite topics to get myself in trouble).

A long, long time ago, I had the bold idea to work through three textbooks in economics from three different perspectives: Murray Rothbard’s Man, Economy, and State, George Stigler’s Theory of Price, and Mas-Colell, Whiston, and Green’s _Microeconomic Theory, _or as I separate them: Austrian, Chicago, and Samuelsonian.

(Update: I passed both exams on the first attempt. Hopefully that helps readers to judge the information below.)

(I apologize to any commentators for the slow response. I just got back from my honeymoon and as much as I love discussing economics with you, it wasn’t my first priority.)