Austrian Economics Overview
Theory and History
Economic theory is essential for understanding history. It is difficult to interpret data without economic theory. Theory cannot come from data. All states are aggressive. All wars require economic resources. More liberal states will pursue more aggressive policies. The biggest bullies will get away with murder.
Human Action and Man, Economy and State in the History of Thought
Recorded at Mises University 2003.
Capital, Interest, and Profit
Profit is total revenue minus total costs. Ours is not just a profit system, it is a profit and loss system. Losses are a sign that you wasted land, labor, or capital, yet those who make profits are criticized.
Hayek and the Common Law: An Assessment
Ronald Hamowy discusses Hayek and the Common Law: An Assessment at the 2002 Austrian Scholars Conference.
The Myth of National Defense
Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.
(39:25)