Austrian Economics – An Introduction. Steven Horwitz and Keith Knight

by | Aug 6, 2020

Austrian Economics – An Introduction. Steven Horwitz and Keith Knight

by | Aug 6, 2020

Austrian Economics

…the Austrian theory of the trade cycle reveals that only the inflationary bank credit expansion that enters the market through new business loans (or through purchase of business bonds) generates the over-investment in higher-order capital goods that leads to the boom-bust cycle.

 

Murray N. Rothbard
Economic Controversies, p. 737

0:00 – Rothbard Quote

0:51 – What is economics?

2:14 – What makes the Austrian School of economics unique?

3:14 – What is an accurate way of measuring wealth in a given society?

4:37 – Why are some countries poor and others wealthy?

7:16 – How can we increase access to products and services to those in lower income brackets while increasing quality – healthcare and housing?

13:20 – Why do Austrians oppose regulation?

15:46 – Do Austrians assume perfect knowledge?

18:04 – What about monopolies & cartels?

 23:45 – Subjective value

24:54 – Labor Theory of Value

26:45 – Centrally planning – difference between corporations and governments

29:19 – Competitive currencies – Spontaneous order

31:44 – Spontaneous order in law

33:18 – Do disastrous situations justify the existence of a state?

35:17 – A Priori reasoning vs. Empirical evidence

38:30 – Real world examples 

40:50 – Wealth vs. Dignity

42:54 – Why wages rise

46:04 – The “free” mindset

49:55 – Competition – the Austrian approach as a process

52:59 – Eugen von Bohm-Bawerk contributions

53:32 – Is employment and profit exploitation?

Bitchute: https://www.bitchute.com/video/5zwlCqaNanmP/

Minds: https://www.minds.com/newsfeed/1137892451260100608?referrer=KeithKnightDontTreadOnAnyone

Archive: https://archive.org/details/austrian-economics-an-introduction.-steven-horowitz-and-keith-knight

About Keith Knight

Keith Knight is the founder of the YouTube, Minds, and BitChute Channel- "Keith Knight - Don't Tread on Anyone". Having supported Barack Obama in 2008, and Mitt Romney in 2012, he become a Libertarian Anarchist after running out of arguments for when initiating violence is morally permissible. His goal in life, is to spread knowledge of critical thinking, the Non-Aggression Principle, Self-Ownership, natural law and the Private Property Ethic.

Our Books

5 Libooks072420lg

Our Books

5 Libooks072420lg

Related Articles

Related

Propaganda Analysis – Libertarians Hate Community!

Propaganda Analysis – Libertarians Hate Community!

https://youtu.be/3j50q_4sAQg ... in a world of voluntary social cooperation through mutually beneficial exchanges, where one man’s gain is another man’s gain, it is obvious that great scope is provided for the development of social sympathy and human friendships. It...

read more
Book Foolssm

Fool’s Errand: Time to End the War in Afghanistan

by Scott Horton

Book Paulsm

The Great Ron Paul

by Scott Horton

Book Griggsm

No Quarter: The Ravings of William Norman Grigg

by Will Grigg

Book Animalssm

What Social Animals Owe to Each Other

by Sheldon Richman

Book Palestinesm

Coming to Palestine

by Sheldon Richman

Pin It on Pinterest

Share This