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Rap video and succinct explanation of Austrian Business Cycle Theory

No doubt I may well be the thousand and umpteenth person to blog this, though I thought I may as well do my bit to help spread this noteworthy video:

\”Fear the Boom and Bust\” a Hayek vs. Keynes Rap Anthem

Aside from the inaccurate portrayal of both men’s personalities (I think Hayek was much more of [...]

Reflecting on Bastiat’s simple lesson before Christmas

The truth, as is often the case in science has a real simplicity and [...]

Lectures from the Austrian Student Scholars Conference

I recently presented a paper on Economic Calculation at the Austrian Student Scholars Conference held by the Grove City College Economics department. I’ve placed some of the videos of the lectures I recorded, including my own. I hope you enjoy them:

Uncertainty and the Role of
Bureaucratic Management within the Firm by

David [...]

Economics comics

I came across a set of interesting and really fun to read comics explaining basic economics from first principles recently. I hope readers enjoy them as much as I did!

Human Action Comics #1

Human Action Comics #2

Human Action Comics #3

Human Action Comics #4

I especially liked parts 2 and 3 on the theory of value, showing Marx [...]

The Cayman Islands, debt and capital flight

I found some interesting
articles a few days ago about the current situation in the Cayman
Islands.

http://www.guardian.co.uk/world/2009/sep/25/cayman-debt-crisis-budget-postponed

http://www.caymannewsservice.com/business/2009/09/25/travers-hits-out-damaging-uk-%E2%80%9Cdithering%E2%80%9D

The area is a British overseas territory located in the Caribbean, considered a “Mecca” for many of the most “notorious” financial institutions, like [...]

How I became an “Austrian” Economist

Economics is a little understood
branch of knowledge, and despite its ongoing relevance to our
everyday lives; is still relegated as a subject that must be left to
the specialists. This writer’s opinion is that modern man could
scarcely make a greater error. The present bust of our most recent
worldwide business cycle, [...]