Austrian Economics Overview

More government cannot possibly offer the solution to the problems we face. Big government is the cause; freedom is the answer.

A wonderful essay by Wendy McElroy here.

Press release here:

The F. A. Hayek Memorial Lecture. From the 2008 Austrian Scholars Conference at the Mises Institute; Auburn, Alabama.

Just out: Interview with Hans

The discussion on pages 635–636 explains the "tragedy of the commons," in which people overutilize a resource (such as a buffalo herd or pasture) because of weakly defined or enforced property rights.

An overview of Austrian Economics presented at West Georgia College on 27 March 2008. Includes a Question and Answer period.

The fundamental act of choice always involves a purely ordinal value judgment, not a quantitative "measurement" of subjective value.

Because of the current economic and political climate, it is important to understand what we can do — and what we cannot hope to do in the short run.

Recorded at Mises University 2007.