with Dr. Benjamin Powell, Director of the Free Market Institute
Books:
- Rothbard: Man, Economy, & State
- Mises: Human Action
- And many, many supplemental readings
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)
- Kirzner: Economics as a Science of Human Action (edited .pdf in my Dropbox)
- Ch.07 from "The Economic Point of View" (p.146-185)
- Rothbard: In defense of 'Extreme Apriorism'
- Sep.05: An Overview of Issues
- Sep.10: Praxeology
- Rothbard: MES 1-28
- Horwitz: On Human Action: We owe a debt to Ludwig von Mises
- Sep.12: Direct Exchange
- MES 79-106
- Sep.17: Indirect Exchange
- MES 187-206
- Sep.19: Attend Walter Williams Lecture, 5:30pm, Allen Theater
- Sep.24: Prices
- MES 233-249
- Sep.26: Economic Calculation
- Mises, Human Action: 698-715
- Boettke:
- Oct.01: Prices Revisited
- Hayek: The Use of Knowledge in Society
- Horwitz: On Individualism and Economic Order: Great Austrian works of the twentieth century
- Oct.03: Subjectivism
- Stringham: Economic Value and Costs are Subjective (.pdf)
- Oct.08: Business Cycle Theory
- MES 989-1023
- Oct.10: The 2008 Recession
- Boettke and Horwitz: The House That Uncle Sam Built [.pdf link, .mp3 link]
- Oct.15: Competition and Monopoly
- MES 629-661
- 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
- Powell: Some Implications of Capital Heterogeneity [main "Book Chapters" page]
- Mises, Human Action: pp.617-623
- Oct.31: Economic Development
- Powell: [handout]
- 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
- Kirzner: [handout]
- Horwitz: On Competition and Entrepreneurship: The third pillar of the Austrian revival
- Nov.14: Management
- Nov.19: Interventionism
- MES 875-919, 938-942
- Nov.21: Political Economy
- Boettke: Anarchism and Austrian Economics
- Stringham & Zywicki: Hayekian Anarchism
- 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.
- x
Information on employees taking classes:
- TTU Operating Policies and Procedures > OP 70.29: Employee Tuition Assistance Program
- TTU Operating Policies and Procedures > OP 70.41: Employee Training and Development
- TTU Home > Graduate School > Funding Your Education > Financial Aid
- Employee Tuition Assistance Waiver
Texas Tech employees may qualify for an Employee Tuition Assistance waiver, which will waive tuition and fees for one course per semester for fall, spring, and summer terms. - x
Two more possible vids on 'mainstream' economics:
- Paul Cwik: The Foundational Difference Between Austrian Economics and the Mainstream (FEE)
- Mark Thornton: Austrian Economics versus Mainstream Economics (Mises)
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