Austrian Economics Overview
1. The First Philosopher-Economists: the Greeks
From An Austrian Perspective on the History of Economic Thought, Volume I. Pages 3-10 in the text. Narrated by Jeff Riggenbach.
Introduction to An Austrian Perspective on the History of Economic Thought, Volume I
From An Austrian Perspective on the History of Economic Thought, Volume I. Pages vii-xiii in the text. Narrated by Jeff Riggenbach.
1. The First Philosopher-Economists: the Greeks (continued)
From An Austrian Perspective on the History of Economic Thought, Volume I. Pages 10-27 in the text. Narrated by Jeff Riggenbach.
Acknowledgements
Origins of Money
Carl Menger, from his classic treatise, on the origins of the means of payment.
This audio Mises Daily is narrated by Floy Lilley.
The Intellectual Revolution Is in Process
We live in extremely dangerous times. The enemies of liberty are on the march, but they do not go unchallenged.
Money, Banking and the Current Mess
Money originates by free markets via barter and gold and silver, not by governments via fiat. A story of Halloween candy demonstrates this. The double coincidence of wants is solved by money. Money that will last will be six things: generally marketable, divisible, high value per unit weight (portable), durable, recognizable, and homogeneous.
The Economics of Recycling
Recycling happens naturally when there is market demand for waste items like plastic, paper, metal or glass, but mandated recycling does more harm than good. When do you know that recycling is worthy? You know when some person or business asks to buy your particular waste from you, not when some authority forces you to recycle.
The Core of What Economics Teaches
Free market capitalism coordinates every stage of every production desired by consumers as if by magic. Knowing Austrian economics will allow you to see which public policies are disastrous to this productivity. Unintended consequences, opportunity cost, and pricing theory are fundamental concepts to explain human action.