Austrian Economics: An Introductory Course

Murray N. Rothbard
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Presented by Murray N. Rothbard in 1972 at New York Polytechnic University.

  1. EPISODE 1

    1. Choice, Utility, and Demand

    Economics 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. Lecture 1 of 16 from Austrian Economics: An Introductory Course, presented at New York Polytechnic University in 1972.

  2. EPISODE 2

    2. Supply and Demand

    In this lecture in 1972, supply and demand concepts included: preferences of consumers, prices, quantity, quality, elasticity, equilibrium, marginal utility, present goods, and production processes. Lecture 2 of 16 from Austrian Economics: An Introductory Course, presented at New York Polytechnic University in 1972.

  3. EPISODE 3

    3. Advertising

    Advertising 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. Lecture 3 of 16 from Austrian Economics: An Introductory Course, presented at New York Polytechnic University in 1972.

  4. EPISODE 4

    4. Price Controls

    Price 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. Lecture 4 of 16 from Austrian Economics: An Introductory Course, presented at New York Polytechnic University in 1972.

  5. EPISODE 5

    5. The Profit Motive

    Lecture 5 of 16 from Austrian Economics: An Introductory Course, presented at New York Polytechnic University in 1972.

  6. EPISODE 6

    6. Costs of the Firm

    Lecture 6 of 16 from Austrian Economics: An Introductory Course, presented at New York Polytechnic University in 1972.

  7. EPISODE 7

    7. Pricing of the Factors of Production

    Lecture 7 of 16 from Austrian Economics: An Introductory Course, presented at New York Polytechnic University in 1972.

  8. EPISODE 8

    8. Labor and Unions

    Lecture 8 of 16 from Austrian Economics: An Introductory Course, presented at New York Polytechnic University in 1972.

See All (16)

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Presented by Murray N. Rothbard in 1972 at New York Polytechnic University.

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  • Creator
    Murray N. Rothbard
  • Episodes
    16
  • Rating
    Clean

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