Austrian Economics: An Introductory Course

Home | Mises Library | 3. Advertising

3. Advertising

  • Austrian Economics: An Introductory Course

Tags Media and CultureAustrian Economics Overview

02/20/2010Murray N. Rothbard

Advertising has always had bad press with economists, but consumers discover that a product either works and works well, or it doesn't. Consumer wants are not artificially created by business itself. Advertising as a selling cost seemed evil. The free market benefits every participant. But intervention benefits one group at the expense of another. Political advertising - propaganda - gets a free pass.

Lecture 3 of 16 from Austrian Economics: An Introductory Course, presented at New York Polytechnic University in 1972.


Murray N. Rothbard

Murray N. Rothbard made major contributions to economics, history, political philosophy, and legal theory. He combined Austrian economics with a fervent commitment to individual liberty.

Shield icon audio