Oikonomika Blog
* In Aurum Securitas *
Modern economics is not rocket science.
In fact, it's not science at all. It's a game, a confidence game.
Once paper passed for money, economics became an elaborate
shell game designed to hide the fact paper had been substituted for silver and gold.
The shell game is called "Where's The Money?"...
The answer is simple, it's not there.
Dec 26, 2011
Dec 23, 2011
An Introduction to Austrian Economics with Israel Kirzner
Israel Kirzner is an Austrian economist and one of the world's foremost experts on Ludwig von Mises's methodology and thought.
Here he speaks at a Future of Freedom Foundation event on December 21, 1996 and provides a good general overview of Austrian Economics, touching on the concepts of imperfect knowledge, the origin of entrepreneurial motive, spontaneous order, and the "fatal conceit" of attempting to centrally plan economic orders.
Here he speaks at a Future of Freedom Foundation event on December 21, 1996 and provides a good general overview of Austrian Economics, touching on the concepts of imperfect knowledge, the origin of entrepreneurial motive, spontaneous order, and the "fatal conceit" of attempting to centrally plan economic orders.
Labels: Austrian Theory, Israel Kirzner, Ludwig von Mises