Monday, August 9, 2010

Introduction to Austrian Economics is Posted (Now Complete!!!)

FEE has now posted all four of my lectures on Austrian Economics. Here are the updated links.

Introduction to Austrian Economics
Lecture #1: Menger and the Early Austrians

This lecture covers the thoughts and ideas that found the Austrian School of Economics. It includes the work of Carl Menger [1840-1921], Eugen von Böhm-Bawerk [1851-1914], Friedrich von Wieser [1851-1926], David I. Green [1864 - 1925], Philip Wicksteed [1844-1927], and William Smart [1853-1915].
The link for the audio page is
here.
You will also find the link for the PowerPoint on the same page or you can directly access it
here.

Lecture #2: Methodology
To my delighted surprise, this lecture received the most attention by the students. It starts with a brief discussion of the Methödenstreit. It then critics Modern Positivism/Empiricism. Finally, it presents the Misesian Praxeological view and the relation between theory and history.
The link for the audio page is
here.
You will also find the link for the PowerPoint on the same page or you can directly access it
here.

Lecture #3: Capital and Interest
This lecture begins with the questions posed by Böhm-Bawerk. It then provides an introduction into Austrian Capital Theory and the Structure of Production. It then presents the traditional Austrian theory of interest. And then draws comparisons between the Austrian view and the Neo-Classical view of capital and interest. A proper understanding of capital and interest theories is critical to understanding business cycle theory.
The link for the audio page is
here.
You will also find the link for the PowerPoint on the same page or you can directly access it
here.

Lecture #4: Business Cycles
This lecture is a more advanced presentation of the Austrian Business Cycle Theory. In the tradition of Roger Garrison, extensive use of graphs is made. The lecture then demonstrates how that simply adjusting the money supply, adjusting prices, or spending money to boost aggregate demand are all inadequate to create an economic recovery. The key to an economic recovery is liquidation of malinvested capital and creation of new and proper capital structures.
The link for the audio page is here.
You will also find the link for the PowerPoint on the same page or you can directly access it here.

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