Austrian Economics Overview

There is no clear basis in economics, ethics, efficiency, or fairness for Minimum Wage Laws.

Less and less and less?

Government attempts to limit “monopoly power” cannot improve well-being.

What is a business cycle?

In 1920, Ludwig von Mises destroyed the intellectual foundations of the case for socialist central planning.

Time is an irreversible flux. Each moment has a unique place in the sequence of moments of time with respect to action.

Presented at Mises University 2022.

Entrepreneurship is a general feature of the market economy.

"We would not expect money to be paper, national, or under the control of any entity."

"The free market and the division of labor does not promote hyper-atomized individuals. It creates social harmony and community."