Just providing an update here. It may not appear so on the surface, but it has been a rather productive May and early June for me. I have just finished updating and revising just about every main page on this website and made a few additions. Below, I have all of my plans for the summer and the foreseeable future laid out [and there's quite a bit]:
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Common sense economic lessons for the interested layman. How a free market economy works, from an Austrian School perspective.
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Lesson Three: Direct Exchange.
An overview of the possibilities of interpersonal interaction with a specific focus on mutual exchange of goods between individuals. An elaboration of price theory – what are prices, how are they determined, supply & demand analysis, and more analytical tools. A discussion of markets, their allocative efficiency, the benefits of free trade, and how markets are self-correcting. All of this done abstracting away from money and complexities in order to comprehend the nature of exchange and the market – skills to be applied to all future lessons and analyses.
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Understanding Economics Series
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Common sense economic lessons for the interested layman. How a free market economy works, from an Austrian School perspective.
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Lesson Two: Land, Labor, & Capital.
An overview of the process of production, and an analysis of the three factors of production – land, labor, and capital. The definition, importance, and function of each of the factors. Also, an extended example of a single-man economy (Robinson Crusoe) and how the process of production involves the cooperation of land, labor, and capital. Also, the importance of capital accumulation for economic growth and prosperity.
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A couple of notes on UE, where I plan to go, when the next vid will be out, and some brainstorming – I anticipate your comments
Understanding Economics Series
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Common sense economic lessons for the interested layman. How a free market economy works, from an Austrian School perspective.
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Lesson One: The Basics of Human Action
Starting from the very beginning, founding economic theory on absolutely true axioms and deriving universal economic law from them. Major principles: Human Action, Means & Ends, Goods, Production, Time, Scarcity, Choice, Cost, The Margin
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Understanding Economics Series
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Common sense economic lessons for the interested layman. How a free market economy works, from an Austrian School perspective.
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Lesson Zero: Thinking Like a (Good) Economist.
Learn how to sort through some of the largest fallacies in economics, and apply good economic thinking to your daily life. All of this comes with mastery of a single fallacy that is the root of all economic error. Also, a brief note on ethics in economics. Continue reading »
Understanding Economics Series
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Common sense economic lessons for the interested layman. How a free market economy works, from an Austrian School perspective.
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Introduction – Why Economics?
Shattering Myths Economics is perhaps the most misunderstood and chided and fallacious field in all of academia. Does it deserve this hate? If so, why? Is there a glimmer of hope and reason amidst madness? Learn the answers, and why you should learn real economics.
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