1. Scarcity, Choice, and Value

from Introduction to Austrian Economic Analysis · host Joseph T. Salerno

In this introduction to the basics of Austrian-school economic analysis, Joseph Salerno introduces a number of basic concepts including utility, exchange, psychic cost, choice, and marginal value. He also introduces a number of important topics such as Crusoe economics and the water-diamond paradox. Salerno lays the foundation for this series of lectures which will cover all the basics of Austrian analysis in more detail. The first of ten lectures from Joseph Salerno's Introduction to Austrian Economic Analysis seminar.

Episode metadata supplied by the publisher feed · Published Jun 12, 2006

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In this introduction to the basics of Austrian-school economic analysis, Joseph Salerno introduces a number of basic concepts including utility, exchange, psychic cost, choice, and marginal value.

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1. Scarcity, Choice, and Value

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