Intro to Austrian Economics – 1 of 4 – Scarcity and Choice

Austrian Economics: An Introduction, presented at New York Polytechnic University in 1972.

1. Scarcity and ChoiceEconomics begins with the concepts of scarcity and choice. If there was no scarcity it would all be free. Resources like time and materials need to be allocated to economically feasible uses. This will depend on the consumers’ demand for the final product.

Source: Intro to Austrian Economics – 1 of 4 – Scarcity and Choice – YouTube

http://www.readrothbard.com/intro-to-austrian-economics-1-of-4-scarcity-and-choice

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Intro to Austrian Economics – 2 of 4 – Supply and Demand

Austrian Economics: An Introduction, presented at New York Polytechnic University in 1972.

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

Source: Intro to Austrian Economics – 2 of 4 – Supply and Demand – YouTube

http://www.readrothbard.com/intro-to-austrian-economics-2-of-4-supply-and-demand

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Intro to Austrian Economics – 3 of 4 – Advertising

Austrian Economics: An Introduction, presented at New York Polytechnic University in 1972.

3. AdvertisingAdvertising has always had bad press with economists, but consumers discover that a product either works and works well, or it doesn’t. Consumer wants are not artificially created by business itself. Advertising as a selling cost seemed evil. The free market benefits every participant. But intervention benefits one group at the expense of another. Political advertising – propaganda – gets a free pass.

Source: Intro to Austrian Economics – 3 of 4 – Advertising – YouTube

http://www.readrothbard.com/intro-to-austrian-economics-3-of-4-advertising

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Intro to Austrian Economics – 4 of 4 – Price Controls

Austrian Economics: An Introduction, presented at New York Polytechnic University in 1972.

4. Price ControlsPrice controls – triangular interventions – occur when an intervener (generally government) either compels a pair of people to make an exchange or prohibits them from making an exchange. Although ludicrous, price controls are instituted because a product appears to be in short supply, e.g. oil – while price controls create artificial shortages of the product. The conservation movement ties in with the attack on comfort and consumption and humans in general.

Source: Intro to Austrian Economics – 4 of 4 – Price Controls – YouTube

http://www.readrothbard.com/intro-to-austrian-economics-4-of-4-price-controls

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The Gold Standard Before the Civil War | Murray N. Rothbard

A lecture presented by Murray N. Rothbard at the Ludwig von Mises Institute’s first conference, “The Gold Standard, An Austrian Perspective,” held in Washington, DC; November 16-17, 1983.

Source: The Gold Standard Before the Civil War | Murray N. Rothbard – YouTube

http://www.readrothbard.com/the-gold-standard-before-the-civil-war-murray-n-rothbard

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The Future of Austrian Economics | Murray N. Rothbard

This is the famous speech by Murray N. Rothbard given in the days following the collapse of the Soviet empire. His exuberance is palpable has he explains the meaning of it all for the place of liberty in the history of civilization.

Source: The Future of Austrian Economics | Murray N. Rothbard – YouTube

http://www.readrothbard.com/the-future-of-austrian-economics-murray-n-rothbard

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How Murray Rothbard Became a Libertarian | Murray N. Rothbard

A prolific author and Austrian economist, Murray Rothbard promoted a form of free-market anarchism he called “anarcho-capitalism.”In this talk, given at the 1981 National Libertarian Party Convention, Rothbard tells the story of how he came to learn about economics and libertarianism as he grew up in the Bronx and attended Columbia University in the 1930s and 40s. He reminisces about meeting Frank Chodorov, Baldy Harper, George Stigler and Ludwig von Mises, and takes a number of audience questions.

Source: How Murray Rothbard Became a Libertarian – YouTube

http://www.readrothbard.com/how-murray-rothbard-became-a-libertarian-murray-n-rothbard

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Six Stages of the Libertarian Movement | Murray N. Rothbard

A prolific author and Austrian economist, Murray Rothbard promoted a form of free-market anarchism he called “anarcho-capitalism.”

In this video from the first Libertarian International World Libertarian Convention in 1982 in Zurich, Switzerland,

Rothbard gives a lecture on what he identified as the six stages of building an independent libertarian (or any philosophical) movement in a region.

Rothbard identifies possible growing pains associated with the growing popularity of libertarianism but ultimately concludes that such risks are necessary because:

“Libertarians, it seems to me, are not content with contemplating justice, contemplating truth, goodness and beauty, we’re not playing intellectual games — we mean to change the world. We want to put this thing into reality.”

Source: Murray Rothbard: Six Stages of the Libertarian Movement – YouTube

http://www.readrothbard.com/six-stages-of-the-libertarian-movement-murray-n-rothbard

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