Austrian Economics Overview

Without entrepreneurs, there is no market economy.

Jonathan Newman shows how the division of labor sustains civilization.

People seem to universally agree that equality is good and inequality is bad, but no one seems to know what that means.

One of the great lessons of Mises’s Human Action is that the institutions of the free society—private property and sound money—make up the environment enabling economic progress, and hence, human flourishing. It is the book that made me an economist.

Fallout, the dystopian series on Prime, hardly is free market in its caricature of business. However, the show lends itself to being analyzed through the lens of Austrian Economics.

While Mises was a utilitarian, he believed people acted to improve their lot because of a felt uneasiness that could be rectified through free markets.

What better way to explain the relationship between higher-order and lower-order goods than with food? Here, we look at the falafel sandwich.

While Austrian and feminist critiques of neoclassical economics have some similarities, they also differ strongly on important points. Feminist critiques are based upon what Mises called polylogism, while Austrian critiques are based upon praxeology.

While Austrian and feminist critiques of neoclassical economics have some similarities, they also differ strongly on important points. Feminist critiques are based upon what Mises called polylogism, while Austrian critiques are based upon praxeology.

What better way to explain the relationship between higher-order and lower-order goods than with food? Here, we look at the falafel sandwich.