Calculation and Knowledge

Recorded at Mises University 2001.

Austrian economics has nothing to do with the economics of Austria. Austrian Economics (AE) began with Carl Menger in 1871. It is based on an analysis of individual action, not aggregates or groups.

Recorded at Mises University 2003.

Recorded at Mises University 2003.

John P.

Lessl’s field is rhetoric. The history of the relationship between faith and science shifted when the theological nucleus was removed and science was inserted. Rhetoric was left behind. Faith was erased in the middle of the nineteenth century. Kant was intensely hostile to Catholicism. He wanted to replace it with humanism.

You have surely played the Parker Brother's board game Monopoly. It has been published in 26 languages and in 80 countries around the world. 

Network science matters because even something seemingly as simple as a price for a good emerges from the plans and actions of a multitude of individuals, writes Gene Callahan.

There are many available definitions of the money stock: M1, M2, M3, MZM, and a host of others. Frank Shostak says that it actually does matter which one we use.

As all Austrians should be aware, recessions themselves only come about as a reaction to the unsustainable tempo of the preceding Boom, writes Sean Corrigan. Pursue inflationism, frustrate the market, extend socialism, adopt protectionism, embrace militarism, extirpate thrift, expropriate the Middle Classes, consume capital--and ignore the Austrians!--that is the way to turn a recession into a depression.