Austrian Economics Overview

Recorded January 18-19, 2002.

Recorded at Mises University 2003.

Minimum wage laws force unemployment up. All of those with few skills looking for an entry position will be denied because they cannot add enough value to the business labor field to be paid minimum wage. Unemployment follows minimum wage hikes. Marginal workers are being denied the labor market.

Paul Cantor discusses Austrian Economics and Literary Criticism at the 2002 Austrian Scholars Conference.  

Recorded at Mises University 2001.

Robert Murphy explains the process of setting interest rates in a free economy. Recorded on 25 June 2003.

Recorded at Mises University 2004.

Recorded at Mises University 2001.

Recorded at Mises University 2001.

Microeconomics starts with the basic fact that each person has short term and long term goals, like buying a ham sandwich and graduating from college. People act in the world to accomplish something. Human action is purposive. You employ different means to achieve certain goals.