PODCAST · science
Introduction to Austrian Economic Analysis
by Joseph T. Salerno
Joseph T. Salerno presents this series of ten lectures on the fundamentals of Austrian economic theory, with a special emphasis on its technical aspects.
Episodes
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10. Banking and the Business Cycle
The tenth and final lecture from Joseph Salerno's Introduction to Austrian Economic Analysis seminar. Loan banking is non-inflationary. Interest rates on loans are merely reflective of price spreads. All speculation, on the free-market, is self-correcting and speeds adjustment, rather than cause...
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9. Money and Prices
Barter – direct exchange- is inefficient because of the lack of a double coincidence of wants. Some third medium was sought to solve this. It is called money. Exchanges are not equal, they are win-win, with each party gaining more than he is giving or the exchange would not be made. An increase…
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8. Competition and Monopoly
The eighth of ten lectures from Joseph Salerno's Introduction to Austrian Economic Analysis seminar. Naturally occurring monopolies do not last long. Competition emerges to upset them. The sovereignty of the individual defines the free market. The only monopolies that do persist are those...
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7. Capital, Interest and the Structure of Production
The seventh of ten lectures from Joseph Salerno's Introduction to Austrian Economic Analysis seminar. All action takes time. Humans use time as a tool. Time preference ranking is now, not later, although time preferences will differ over time and for different people, like children who want…
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6. Pricing of the Factors of Production and the Labor Market
Factors of Production are economic goods: scarce means used to achieve an individual’s ends. They are land, labor and capital. Each is examined. Incomes are earned by factor owners as production takes place. There is no separated production and distribution. The price of a factor is determined by...
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4. Price Controls: Case Studies
The immediate effect of price controls or any government intervention upon the market is shortage of goods. Price controls discourage production just when it is needed most. The economy approaches full socialization. Rent control is the easiest way to destroy a city besides bombing it. A maximum...
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5. Profit, Loss and the Entrepreneur
Capitalist-entrepreneurs must anticipate supply and demand conditions of future market conditions. It is the future price - the appraisement – that must be compared to the costs of factors of production (land, labor, and capital). There is no going rate of profit. The basic rate is the rate of...
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3. The Determination of Prices
What principles determine the formation of prices on the free market? The equilibrium price between supply and demand determines prices according to the value scales of sellers and buyers and their elastic or inelastic positions. As the price increases, new suppliers with higher minimum selling...
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2. Exchange and Demand
All action is exchange, even forced exchange like slavery, taxes, eminent domain and conscription, where only one party gains. The Law of Marginal Utility tells us how many exchanges will be made. Demand is elastic if when you cut your price, demand goes up. Demand is inelastic when revenues…
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How many episodes does Introduction to Austrian Economic Analysis have?
Introduction to Austrian Economic Analysis currently has 10 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is Introduction to Austrian Economic Analysis about?
Joseph T. Salerno presents this series of ten lectures on the fundamentals of Austrian economic theory, with a special emphasis on its technical aspects.
How often does Introduction to Austrian Economic Analysis release new episodes?
Introduction to Austrian Economic Analysis has 10 episodes. Check the episode list to see recent publication dates and frequency.
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You can listen to Introduction to Austrian Economic Analysis on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts Introduction to Austrian Economic Analysis?
Introduction to Austrian Economic Analysis is created and hosted by Joseph T. Salerno.
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