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- Austrian Economics Overview
- Joseph T. Salerno
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
The publication in 1962 of Rothbard’s magnum opus rescued economic science from self-destruction. Menger’s causal-realist approach had been nearly buried by the Keynesian Revolution. Keynesian macroeconomics denied the efficacy of the price system altogether in coordinating the various sectors of an economy confronted with the failure of aggregate
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
This is the Postscript to Economic Calculation in the Socialist Commonwealth (pp. 51-71) by Ludwig von Mises. Narrated by Gennady Stolyarov II.
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
Exchange is the foundation of the division of labor. Each party to an exchange must expect greater psychic benefit than what he is giving up. Thus, trades are not equal, they are win-win activities. Property and ownership are value-free and a pre-condition of a free market. All exchanges derive from appropriation or production. Social relations
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
The mental constructs of the evenly rotating economy and of specific factors of production are discussed. Distinguishing between interest and profits and a construct of slow change are revealed through the ERE as Rothbard considers the final state of rest.The ERE construct is simply a useful, unrealizable, mental tool. The determinants of price
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
This completes the study of money and of the effects of changes in monetary relations on the economic system. Like all commodities, money has its own supply and demand and price: purchasing power . Everyone deals in money. The annual production of money is small compared to the total stock of money. Earning money is the name for buying money. The
Media Asset
Author:
Joseph T. Salerno
Jeffrey A. Tucker
Online Publish Date:
Recorded during the 2008 Mises University, Jeffrey Tucker interviews leading Austrian Economists on the topic of Henry Hazlitt’s classic book Economics in One Lesson . This is the eleventh in a series of twelve interviews with leading Austrian Economists discussing each chapter of Hazlitt’s
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
Recorded at the Ludwig von Mises Institute, Auburn, Alabama; 5-6 February 1999.