Austrian Economics Overview

Dr. von Mises will give his first conference today at 7:15 PM in the assembly hall of the Faculty of Economic Sciences where he will talk about "The Achievements of Industrial Revolution and Capitalism."

"Those who anxiously await next month's government check prefer not to deal with the question of how goods and services are produced and under what political circumstances they are most efficiently provided."

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.