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THE ECONOMIC RULES OF LIFE

As you know, dear reader, in this site we are Austrians, economically speaking. This means that most people do not understand us. One of the reasons for this misunderstanding is that Austrian economics is mostly written in the high language of economics by economists and for economists. This could not be otherwise since in any scientific endeavour it is necessary to be as accurate as possible. What this means in practice is that economists had to develop new concepts and ideas and then assign words to them. They know what those words mean but regular people do not. How could they? Regular people are not economists. This is truly tragic because most of these concepts are quite simple to understand if properly translated to normal words.

This project that we start today will have the goal to achieve just that. The translation of the basic Austrian principles into normal language for all to understand.

We have done something similar in the past, although not in a consistent manner. This project will solve such flaw.

If you are interested in knowing what Austrian Economics is all about, pick a topic from the table below (they are listed in a sensible order as Mises developed them).

 

Lesson #

Title

220

Austrian Economics For Dummies - Praxeology

221

Austrian Economics For Dummies - Methodology

222

Austrian Economics For Dummies - Purposeful Action

225

Austrian Economics For Dummies - The Prerequisites of Action

226

Austrian Economics For Dummies - The Rationality of Action

227

Austrian Economics For Dummies - Ends and Means

228

Austrian Economics For Dummies - Scale of Values

229

Austrian Economics For Dummies - The Criticality of Time

230

Austrian Economics For Dummies - Uncertainty

231

Austrian Economics For Dummies - Diminishing Marginal Utility

232

Austrian Economics For Dummies - The Law Of Diminishing Returns

233

Austrian Economics For Dummies - Human Labour

234

Austrian Economics For Dummies - Capital

235

Austrian Economics For Dummies - Division of Labour

236

Austrian Economics For Dummies - Money

237

Austrian Economics For Dummies - Economic Calculation

238

Austrian Economics For Dummies - Catallactics

239

Austrian Economics For Dummies - The Market

240

Austrian Economics For Dummies - Competition

241

Austrian Economics For Dummies - Entrepreneurship

242

Austrian Economics For Dummies - Progressing Economy

243

Austrian Economics For Dummies - Market Prices

 

If you are a more of a visual person, we suggest the following articles:

 

Lesson #

Title

064

Austrian Economics In Pictures

069

Corollary Austrian Economics

 

If your inclination is more theoretical (but not too much), we suggest:

 

Lesson #

Title

077

Austrian Economics In Theory

055

Contracts Are The Key To Coexistence

100

Deficits Debts And Inflation

153

Fake Money For A Fake Economy

166

Gold Is A Shiny Beacon Of Hope

114

Introducing Mr Free Market

N/A

Piketty Fences

150

Real Money For A Real Economy

071

Senseless Inflation And Interest Rates

 

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