Austrian Economics Overview

Austrian economists understand how we can apply economic laws and concepts to what we see in the real world.

The minimum wage is harmful, racist, sexist, and completely unnecessary.

Austrian economists have a particular way of thinking about competition and the absence of competition in the form of monopoly.

Austrian business cycle theory is the defining feature of Austrian economics.

What is capital?

A modern socialist economy is impossible.

Incorporating time into our theory of price.

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.