Austrian economics is new to me but exciting simultaneously. However, due to the massive amount of information given by this excellent web site, I do not know where to start!! What theories, studies or books should I read first in order to grasp austrian economics in its most basic concepts?
I would start off by reading Economics in one lesson by Hazlit. It is very easy to understand and very informative and a quick read as well.
Economics in one lesson is a great start. However afterwards, I encourage you to read the papers and online versions and get a feel for how the Austrian school teaches. The truth is most books are a great start. Scroll through the selections. Subscribe to the Mises letter and get emails piped to you on the latest blog posts.
I wish you luck and email me anytime if you require any guidance on this. I recently ordered Economics 101 by Murray Rothbard. I know the content very well but this is in an mp3 CD format and I coudn't resist. Ultimately I will be ordering the Home Study Course.
Oliver, I very highly recommend:
All this said, the books I've read, indicate that "econometrics" is antithetical to Austrian econ. My background is in computer simulation and modeling and I'm very interested in this subject but, because Austrian Econ is based on the individual distributed action of each human, it is impossible to model this accurately over time. And the government's part in our economy is even less predictable. One thought I had is that Austrians can build econometric models to disprove various other models or use the models of others against them. Just a thought.
Michael Joyner: you may find the ability to model much better.