Austrian Economics Overview

The Policy and History faculty panel takes student questions on the state of the movement and the prospects for freedom.

The Theory and Method faculty panel takes questions from Mises University students.

Sociologists blame job instability. Legal scholars blame deregulation. Jeffrey Degner noticed all the clues point back to the same address: the Federal Reserve.

A Nobel laureate says some markets are too repugnant to allow and need clever redesign instead. Sandy Klein has a simpler answer: repugnance is just a preference, and the price system already knows what to do with it.

Interest isn't the price of borrowing money or the reward for productive capital. It's the price we put on now over later. Jeffrey Herbener on time preference and the theory of interest.

Try paying for a roof in moonwalk lessons. That's the problem money solves. Sandy Klein on why barter fails and how gold became money.

Take the entrepreneur out of the picture, Mises said, and the entire market economy grinds to a halt. Peter Klein on why bearing uncertainty is the most fundamental act in economics.

Shawn Ritenour shows how the division of labor turns our inequalities into the glue of society, and why the only way to profit in a market is to serve someone else first.

Jeffrey Herbener builds Austrian price theory from the ground up.

No graphs, no data, no experiments—just logic. David Gordon on how Austrian economists reason from a single starting point: humans act.