Austrian Economics Overview
Faculty Panel
Presented at Mises University 2021.
Subjective Value and Market Prices
The Birth of the Austrian School
Menger discovered much more than the principle of marginal utility—he created an entire system of economics based on subjective value and individual choice.
The Division of Labor and Social Order
"The free market and the division of labor does not promote hyper-atomized individuals. It creates social harmony and community."
Understanding “Austrian” Economics
"Austrian" economics owes its name to the historical fact that it was founded and first elaborated by three Austrians.