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Price theory is the cornerstone of the foundation of economic calculation.

Praxeology is the science of human action.

Professor Salerno traces the birth of the Austrian School to Carl Menger’s revolutionary insight.

Austrian economics veers sharply from the economic mainstream over the use of mathematics and quantitative measures. Instead, Austrians build upon...

Austrian economics veers sharply from the economic mainstream over the use of mathematics and quantitative measures. Instead, Austrians build upon...

David Howden reveals how banking, especially fractional reserves and central bank manipulations, creates instability and inflation.

Dr. Sandy Klein walks through the origins and essential functions of money, showing how barter’s pitfalls led to the spontaneous...

The right dismisses economics at its peril.

While it is tempting to see the economic success of Singapore and Hong Kong as similar, there really are stark...

Why did North and South go to war with each other in 1861? The standard narrative is that slavery caused...