Home Study Course in Austrian Economics

Notes From the Headmaster

New students should read this first...

Core Austrian Theory

1. 1. What is Austrian Economics?
2. 2. Menger and the Founders
3. 3. Ludwig von Mises
4. 4. Friedrich von Hayek
5. 5. Methodological Foundations
6. 6. Value, Utility, and Prices
7. 7. Time Preference and Interest
8. 8. Capital
9. 9. Profit, Loss, and Entrepreneurship

The first nine lessons covering history of thought, the founders, method, microeconomics, interest, capital, and entrepreneurship.

Ethical Foundations

1. 10. The Ethics of Liberty
2. 11. Property and Ownership
3. 12. Liberty and Property

Three lessons on economics, property, and freedom

Applied Economic Topics

1. 13. Public Goods and Externalities
2. 14. Welfare and Efficiency
3. 15. Competition and Monopoly
4. 16. The Firm
5. 17. Wages and Labor
6. 18. Money
7. 19. Banking
8. 20. International Trade
9. 21. Consumer Protection
10. 22. Resource Economics and Environmentalism
11. 23. Risk and Insurance
12. 24. Roads
13. 25. Education
14. 26. Security
15. 27. The Internet Economy

Fourteen lessons on applied topics on public goods, monopoly, labor, money and banking, trade, environment, insurance, and more.

Government Distortions

1. 28. Interventionism
2. 29. Price Control
3. 30. The Business Cycle
4. 31. Calculation and Socialism
5. 32. Antitrust
6. 33. Inflation
7. 34. Protectionism
8. 35. Drug Prohibition

Eight lessons on interventionism, protectionism, the business cycle, and consumer control.

Economic History

1. 36. Theory and History I
2. 37. Theory and History II
3. 38. The Welfare State
4. 39. Taxation
5. 40. War & Leviathan
6. 41. The Birth of Freedom in Europe
7. 42. The Industrial Revolution
8. 43. Mercantilism
9. 44. The Progressive Era
10. 45. World War I
11. 46. The Great Depression
12. 47. World War II

Twelve lessons on the theory of history, the welfare state, taxes, war, industrial revolution, and 20th century economic and political history.

Alternative Schools of Thought

1. 48. Critique of Marxism
2. 49. Austrian Versus Mainstream
3. 50. Austrian Versus Chicago on Law & Economics

Three lessons on Marx, Neoclassicism, and Chicago.

Perspectives on the Past & Future

1. 51. The Pre-Austrians
2. 52. The Future of Austro-Libertarianism

Two final lessons on Austrian predecessors and liberty in the 21st century.