2. Supply and Demand

Austrian Economics: An Introductory Course

Tags: Austrian Economics Overview, Business Cycles, Money and Banks

02/20/2010 Murray N. Rothbard

In this lecture in 1972, supply and demand concepts included: preferences of consumers, prices, quantity, quality, elasticity, equilibrium, marginal utility, present goods, and production processes.

Lecture 2 of 16 from Austrian Economics: An Introductory Course, presented at New York Polytechnic University in 1972.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.