MKT 4383: Special Topics In Marketing: Austrian Economics
with Dr. Benjamin Powell, Director of the Free Market Institute
Books:
For videos, see
MKT4383 playlist on YouTube
For readings, see MKT4383 collection in iBooks app
Readings:
- Aug.27: Intro
- YouTube: "What Austrian Economics IS and What Austrian Economics Is NOT with Steve Horwitz"
- Aus Econ is *not* free-market economics
- Aus Econ *is* a set of claims about how markets work
- A framework for economic analysis, and *not* a set of policy conclusions
- Central Claims:
- Only individuals choose...
- Understanding the economic world is about understanding the role of exchange + the way in which institutions & rules condition those exchanges
- Cost and Utility are subjective (only the chooser can know for sure how valuable a good is, or what the costs of their actions are)
- Prices are knowledge surrogates (and that the price system as a whole economizes on the amount of knowledge & information that people need in order to make choices). Rising prices provide us with incentives wrapped in knowledge.
- Private property must be significantly protected
- Markets are spontaneous orders (product of human action, but not human design)
- Aus Econ is a framework for understanding how markets work
- Aug.29: Historical Context
- Sep.03: Methodology (Kirzner & Rothbard handouts)
- Sep.05: An Overview of Issues
- Sep.10: Praxeology
- Sep.12: Direct Exchange
- Sep.17: Indirect Exchange
- Sep.19: Attend Walter Williams Lecture, 5:30pm, Allen Theater
- Sep.24: Prices
- Sep.26: Economic Calculation
- Mises, Human Action: 698-715
- Boettke:
- Oct.01: Prices Revisited
- Oct.03: Subjectivism
- Oct.08: Business Cycle Theory
- Oct.10: The 2008 Recession
- Oct.15: Competition and Monopoly
- Oct.17: Attend Andrew Young Lecture on Globalization
- Oct.22: Competition, Monopoly, Antitrust
- MES 661-704
- Powell: [handout]
- Oct.24: Midterm
- Oct.29: Capital & Economic Development
- Oct.31: Economic Development
- Nov.05: Marketing
- Hunt, S. (2002). 12. Resource-advantage theory and Austrian economics. Entrepreneurship and the Firm: Austrian perspectives on economic organization, 248. [Google Books link]
- Nov.07: Endogenous Governance (attend Skarbek Lecture)
- Nov.12: Entrepreneurship
- Nov.14: Management
- Nov.19: Interventionism
- Nov.21: Political Economy
- Nov.26: Research Workshop
- Dec.03: Graduate Presentations
Information on auditing courses:
- TTU Home > Official Publications Home > Registration
- Enrollment Without Credit. Persons who wish to audit a course for no grade must obtain written permission from the dean of the college in which the course is offered. Those who audit a course do so for the purpose of hearing or seeing only; they do not have the privilege of participating in class discussions or laboratory or field work, of turning in papers, or of receiving a grade or credit in the course. Students who audit a course will not be listed on the class roll, and no notation of the audit will be made on the student’s transcript.
Students enrolled for fewer than 12 semester credit hours in a semester (6 hours in summer) must pay a $10 per semester credit hour fee for the privilege of auditing a course. Written permission from the dean of the college in which the course is being taught and from the course instructor is required. No charge is assessed for enrollment of 12 or more semester credit hours. (Senior citizens 65 years of age and older are exempt from payment of this fee regardless of the number of semester credit hours.)
- TTU School of Law > Policies > Auditing Courses (.pdf link)
- Auditing Courses. Law students who are enrolled for a full-time course load (at least 12 credits) may obtain verbal approval from a professor to audit a course at no additional fee. Courses audited are not included in a student's course load, and the audited class does not appear on the student's transcript. Subject to approval by the Associate Dean for Academic Affairs and the professor, persons other than law students may audit courses by completing an audit form and paying a $10 fee per credit hour for each course audited. An instructor typically will not permit a student to audit if doing so would prevent registration for a student who wants to take the course for credit.
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Information on employees taking classes:
Two more possible vids on 'mainstream' economics:
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