Human Action and Man, Economy and State in the History of Thought
Recorded at Mises University 2003.
Austrian Economics Overview
Displaying 1831 - 1840 of 2049
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)
Demand and Supply, Consumer Goods, Prices and Exchange
Microeconomics starts with the basic fact that each person has short term and long term goals, like buying a ham sandwich and graduating from college. People act in the world to accomplish something. Human action is purposive. You employ different means to achieve certain goals.
