This study examines the relationship between cultural consumption pattern and an individual’s subjective well-being. We divide of activities by frequency, diversity, inclusion estimate monetary value participation in culture arts through marginal rate substitution. To reduce omitted variable bias, various factors are controlled for, such as basic demographics satisfaction with personal relation...

This paper starts with the observation that pure time preference theory leads to conflicting views concerning effect of changes in productivity on rate interest. Subsequently, it reviews parts interest literature and concludes does not qualify as a praxeological theory. Then, combines Hülsmann’s subjectivist capital Lachmann Kirzner provides explains The key is cost reduction through use fixed ...

abstract: central banks have long been interested in obtaining precise estimations of money demand given the fact that the evolution of money demand plays a key role over several monetary variables. one implication of currency substitution is that the exchange rate could serve as another determinant of the demand for money. due to the recent currency crisis in iran, it would be important to inv...