Austrian Economics Overview
Mises in One Lesson
Austrian economics has nothing to do with the economics of Austria. Austrian Economics (AE) began with Carl Menger in 1871. It is based on an analysis of individual action, not aggregates or groups.
Time and Money
Professor Roger Garrison discusses Time and Money at the 2002 Austrian Scholars Conference.
Mises’s Criticisms of Rothbard on Natural Law
David Gordon discusses Mises’s Criticisms of Rothbard on Natural Law at the 2003 Austrian Scholars Conference.
Theory and History
Economic theory is essential for understanding history. It is difficult to interpret data without economic theory. Theory cannot come from data. All states are aggressive. All wars require economic resources. More liberal states will pursue more aggressive policies. The biggest bullies will get away with murder.
Human Action and Man, Economy and State in the History of Thought
Recorded at Mises University 2003.
Capital, Interest, and Profit
Profit is total revenue minus total costs. Ours is not just a profit system, it is a profit and loss system. Losses are a sign that you wasted land, labor, or capital, yet those who make profits are criticized.