Austrian Economics Overview

Subjective valuation, which is at the heart of Austrian economic thinking, is not the same thing as someone's opinion.

Sponsored by Gregory and Jane Gandee.

Sponsored by Thomas and Lisa Dierl.

While most economists admit that value is subjective, they still err by concentrating on scarcity and choice instead of purposeful action by individuals.

Popular economic thinking holds that consumer spending is the most important driver of the economy. Actually, demand can’t exist without something first being supplied.

Austrian economics stands apart from the economic mainstream in its deductive approach to economic analysis.

Our country is beset by a large number of economic myths that lead us to accept unsound and dangerous government policies.

From Jefferson to Madison, and on to Bastiat, Molinari, and Spencer, the "classical" liberals routinely denounced war as the enemy of freedom, prudence, and natural rights.

This book is an indispensable contribution to Austrian economics and to libertarian thought, and readers will also gain a clear sense of Huerta de Soto’s major contributions in these areas.

Recorded at the Mises Institute on 28 July 2023.