Austrian Economics Overview

All action is exchange, even forced exchange like slavery, taxes, eminent domain and conscription, where only one party gains. The Law of Marginal Utility tells us how many exchanges will be made.

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.

Recorded at the Mises Circle in Costa Mesa, California, on 6 May 2006.

Presented at the Mises Circle in Southern California on 6 May 2006 in Costa Mesa, California.

The Orange County Register provides an editorial review of the

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.

From Speaking of Liberty, as narrated by the author, pp. 40-57.

From Speaking of Liberty, as narrated by the author, pp. 9-11.

Today would have been MNR’s 80th, as mentioned here and