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News Link • Economics: Austrian

Learn Austrian Economics

• lewrockwell.com/Thomas Woods

Many of the books and audiobooks, in addition to all of the articles, that appear on the list below are available to read or listen to online.

An Introduction to Economic Reasoning
These books, all relatively short and available online or for purchase, are an excellent starting point for an education in sound economics.

**Economics in One Lesson by Henry Hazlitt; online here and here (.pdf)
Essentials of Economics by Faustino Ballve; online here (.pdf)
An Introduction to Austrian Economics by Thomas C. Taylor; online here and here (.pdf)
Lessons for the Young Economist (for younger readers) by Robert P. Murphy; online here, here (.pdf) and here (ebook)

Another easy-to-understand introduction to economic reasoning is Peter Schiff's book How an Economy Grows and Why It Crashes.


A useful companion to Hazlitt's Economics in One Lesson is this series of videos, recorded in July-August 2008, in which various professors comment on each of the book's chapters – explaining the argument, elaborating on it, and applying it to present conditions. (Need Windows Media Player.)

Video 1: The Lesson
Video 2: The Broken Window
Video 3: Public Works Mean Taxes
Video 4: Credit Diverts Production
Video 5: The Curse of Machinery
Video 6: Disbanding Troops and Bureaucrats
Video 7: Who's Protected by Tariffs?
Video 8: "Parity" Prices
Video 9: How the Price System Works
Video 10: Minimum Wage Laws
Video 11: The Function of Profits
Video 12: The Assault on Saving

Here's an even easier way to watch these videos.

 

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