Robert Murphy on Human Action

This is a great, easy to understand summary on Human Action, presented by the Economist, Robert P. Murphy.  Bob Murphy’s lectures are some of my favorite of all economics lectures.  I urge you to listen to this lecture whether you are new to Austrian Economics or already familiar with these ideas.   The lecture is only a 31 minutes long. Click here to listen at Mises.orgRead more

Economic Fallacies

Being that we are in the Christmas shopping season, there will be lots of analysis in the news focused on how much is spent at this time of the year with the metric of choice being consumer spending.  With so much focus given to consumption, it gives the impression that the most important economic factor is spending and consumption.  Unfortunately, saving is not held  in high esteem, and it is actively discouraged.  While consumption is...Read more