1. Scarcity, Choice, and Value Fundamentals of Economic Analysis: A Causal-Realist Approach

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In this first lecture of a series of lectures covering the basics of applied Austrian economics,  Joseph Salerno introduces a number of basic concepts including utility, exchange, psychic cost, choice, value, and marginal utility. 

In this first lecture of a series of lectures covering the basics of applied Austrian economics,  Joseph Salerno introduces a number of basic concepts including utility, exchange, psychic cost, choice, value, and marginal utility. 

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