Austrian Economics Overview

The entrepreneur is the driving force of the whole market system.

What do banks do?

Money, what it is, where it came from, and why it is essential for just thriving society and economy.

"Division of labor really is the market economy."

Praxeology is the science of human action.

"Price theory is the cornerstone of the foundation of economic calculation."

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.