Austrian Economics Overview

Few people understand how destructive regulations are.

In 1920, Ludwig von Mises destroyed the intellectual foundations of the case for socialist central planning.

There is no clear basis in economics, ethics, efficiency, or fairness for Minimum Wage Laws.

What is a business cycle?

Time is an irreversible flux. Each moment has a unique place in the sequence of moments of time with respect to action.

Government attempts to limit “monopoly power” cannot improve well-being.

This concept of economic calculation is really the foundation of all economic theory, and price theory is the cornerstone of economic calculation.

"We would not expect money to be paper, national, or under the control of any entity."

Praxeology is the method of economics.

Entrepreneurship is a general feature of the market economy.