Lectures on the Origin and Development of Austrian Economics

A few days back Zerohedge posted a couple of lectures by Israel Kirzner on the origin and development of the Austrian School. Among a few salient points is how Austrian Economics are founded on the notion of subjectivism. That is to say that at the bedrock level of all economic activity is the individual and individual preferences that determine demand, and subsequently what is supplied to meet the demand. If you want to kill some time in a way that doesn’t involve your favorite sitcom, this might be a worthwhile pursuit if you are interested in how the Austrian school came to be.

Two Lectures on the History of Austrian Economics

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~ by jedpaschall on January 4, 2012.

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