Austrian Economics Overview

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Mises and Imaginary Constructions

Austrian Economics OverviewProduction Theory

Blog10/07/2022

While Austrian economists criticize the neoclassicals for their models' use of untrue assumptions, critics have turned the same criticism against the Austrians for their use of the evenly rotating economy.

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Review: How to Think about the Economy

HayekAustrian Economics Overview

Blog09/23/2022

Per Bylund has written a book on economics that is understandable to the layperson as well as presents economics the way it should be done: a science grounded in understanding human action.

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What Economics Is

The EntrepreneurAustrian Economics Overview

Blog09/20/2022

Learning economics is fundamentally about gaining economic literacy so we can better understand the world we are part of. The real world, not the invented world we find in formalized models.

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Booms, Busts, and Statistics: What the Mainstream Gets Wrong

Austrian Economics Overview

"Economics is about how we behave, which comes from our personal valuation, in and relative to the physical world."

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How to Teach Austrian Economics in the Current Political Atmosphere

Economic PolicyEducationAustrian Economics Overview

Blog07/22/2022

As the US political landscape shifts rapidly and college economics departments become increasingly hostile, the way we teach free-market economics will change.

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Economic Theory Begins with Human Action, Not Data Sets

Booms and BustsFree MarketsAustrian Economics OverviewPraxeology

Blog04/25/2022

Austrian economics begins with logical deductions made from what we know about human action, not data sets that are subject to change.

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Quantitative Methods Are Incomplete When Used for Economic Analysis

The EntrepreneurAustrian Economics OverviewEntrepreneurshipOther Schools of ThoughtPraxeology

Blog03/09/2022

Modern economics claims that quantitative methods are central to understanding economic analysis. Mises demonstrated why this belief is untrue.

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Economic Knowledge Is Qualitative, Not Quantitative

Austrian Economics OverviewOther Schools of Thought

Blog02/23/2022

Mainstream academic economists believe that we advance economics by "testing" theories. Austrian economists believe economics is about understanding human action and does not have to be subjected to constant tests.

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Why Austrians Stress Ordinal Utility

Austrian Economics OverviewPhilosophy and Methodology

Blog02/03/2022

Sometimes people—even other economists—are incredulous that the Austrians deny the possibility of interpersonal utility comparisons.

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