1. Scarcity, Choice, and Value
In this introduction to the basics of Austrian-school economic analysis, Joseph Salerno introduces a number of basic concepts including utility, exchange, psychic cost, choice, and marginal value.
In this introduction to the basics of Austrian-school economic analysis, Joseph Salerno introduces a number of basic concepts including utility, exchange, psychic cost, choice, and marginal value.
Presented at the Mises Circle in Southern California on 6 May 2006 in Costa Mesa, California.
Bettina-Bien Greaves took careful notes during Ludwig von Mises's New York seminars. Whenever he made a comment that suggested research paper or book, she jotted it down on a note card.
Murray Newton Rothbard (1926–1995) was one of the most important thinkers of the twentieth century.
I have the great pleasure to report that I am currently at the Universidad Francisco Marroquin (www.ufm.edu.gt) as a visiting professor teaching th