Why Economics Matters

Displaying 1 - 7 of 7

Question and Answer Period

Austrian Economics Overview

06/21/2013Audio/Video
Some responses to questions included: Trends in economics are dangerously negative. Keynesians are more unrealistic than ever. Mises says you only have two choices in coordinating resources: socialism or capitalism. Prohibition of drugs leads to violence and death.

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World Currency War

Global EconomyMoney and BanksAustrian Economics Overview

06/21/2013Audio/Video
Beggar thy neighbor policies are now called Quantitative Easing. Just like regular protectionism this currency war approach will lead to real wars.

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The Life and Works of Ludwig von Mises

BiographiesHistory of the Austrian School of Economics

06/21/2013Audio/Video
What did the diamond and water paradox have to do with an important Austrian tenet that reversed economic thinking?

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From The Art of War to the Science of Economics

Media and CultureAustrian Economics Overview

06/21/2013Audio/Video
How can The Art of War help you think like an economist? Because resources are scarce we have to put the goods we do have to the best use. Sun Tzu understood that war is destruction and resources must be preserved. The only good war is one won without fighting.

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Where Did the iPhone Come From?

Media and CultureAustrian Economics Overview

02/24/2012Audio/Video
Mainstream economics is fixated on market failure . The solution for mainstream economists is always heavy regulation. Capitalism permits global scale enterprises to thrive despite bureaucratic red tape.

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Economics and the Power of Ideas

Austrian Economics Overview

02/24/2012Audio/Video
Private property is the only foundational institution that society needs to build a civilization. The 99% had rotten lives until there was a revolution in ideas in the 1700s. Laissez-faire ideas changed the ideas of the 99%. The industrial revolution flowered.

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Entrepeneurs and Uncertainty: Back to the Future

The Entrepreneur

02/24/2012Audio/Video
Entrepreneurs are the driving force behind the markets and prices that provide goods and services to consumers. Human action looks to the future. Entrepreneurs shoulder risks and, if they guess right, collect profits as rewards. If wrong, they lose.

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