Fundamentals of Economic Analysis, Lecture 7: Capital, Interest, and the Structure of Production

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Uploaded by on May 11, 2010

Joseph T. Salerno and Peter G. Klein are two of the most productive microeconomists in the Austrian School today. This seminar provides an introduction to Austrian Economics, and offers a preview of their forthcoming textbook for graduate students. Presented at the Ludwig von Mises Institute, 11-15 June 2007. http://mises.org

Joseph T. Salerno is an economist of the Austrian School who resides in the United States. A professor at Pace University, Salerno is an active scholar in the areas of banking and monetary theory, comparative economics, and the history of economic thought. He is a senior faculty member of the Ludwig von Mises Institute, for which he frequently lectures and writes, and he serves as editor of the Institute's Quarterly Journal of Austrian Economics.

Links to selected online books and essays on Austrian Economics:

What is Austrian Economics?
http://mises.org/etexts/austrian.asp

Human Action: A Treatise on Economics by Ludwig von Mises
http://mises.org/resources/3250
Audio book version: http://www.youtube.com/play_list?p=ED883527337E557B

Theory and History: An Interpretation of Social and Economic Evolution by Ludwig von Mises
http://mises.org/th.asp
Audio book version: http://www.youtube.com/vplay_list?p=E52EEC7BFA3115F0

Economic Calculation in the Socialist Commonwealth by Ludwig von Mises
http://mises.org/econcalc.asp
Audio book version: http://www.youtube.com/vplay_list?p=FADF1FD6F2C0B8EF

Historical Setting of the Austrian School of Economics by Ludwig von Mises
http://mises.org/resources/1001

The Ultimate Foundation of Economic Science by Ludwig von Mises
http://mises.org/books/ufofes/default.aspx

Man, Economy, and State by Murray N. Rothbard
http://mises.org/resources/1082
Audio book version: http://www.youtube.com/play_list?p=53CE2A1EA5C720BE

Economic Thought Before Adam Smith: An Austrian Perspective on the History of Economic Thought, Volume I by Murray N. Rothbard
http://mises.org/resources/3985
Audio book version: http://www.youtube.com/play_list?p=C60128B8E98929D7

Classical Economics: An Austrian Perspective on the History of Economic Thought, Volume II by Murray N. Rothbard
http://mises.org/resources/3986
Audio book version: http://www.youtube.com/play_list?p=08BADEE86CA3F02F

Mises and Austrian Economics by Murray N. Rothbard
http://mises.org/resources/2699

The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions
http://mises.org/resources/6136
Audio book version: http://www.youtube.com/playlist?p=PLF6C1466B1FDFB954

Principles of Economics by Carl Menger
http://mises.org/etexts/menger/principles.asp

The Failure of the "New Economics" by Henry Hazlitt
http://mises.org/resources/3655
Audio book version: http://www.youtube.com/playlist?p=PLBDAFAE937C2E3E21

Individualism and Economic Order by F.A. Hayek
http://mises.org/resources/4015

Monetary Theory and the Trade Cycle by F.A. Hayek
http://mises.org/resources/680

The Pure Theory of Capital by F.A. Hayek
http://mises.org/resources/3032

Monetary Nationalism and International Stability by F.A. Hayek
http://mises.org/resources/570

Philosophical and Ethical Implications of Austrian Economics by Israel M. Kirzner
http://mises.org/resources/24

Why Austrian Economics Matters by Llewellyn H. Rockwell, Jr.
http://mises.org/resources/1200

Austrian Economics as Extraordinary Science by Edwin G. Dolan
http://mises.org/resources/12

Economic Science and the Austrian Method by Hans-Hermann Hoppe
http://mises.org/resources/4950

The Austrian Theory of the Trade Cycle and Other Essays
http://mises.org/pdf/austtrad.pdf

The Place of Human Action in the Development of Modern Economic Thought by Joseph T. Salerno
http://mises.org/journals/qjae/pdf/qjae2_1_3.pdf

Austrian Macroeconomics: A Diagrammatical Exposition by Roger W. Garrison
http://mises.org/resources/5057

The Austrian School's Critique of Marxism by Eugen-Maria Schulak
https://mises.org/daily/5114

Methodology of the Austrian School Economists by Lawrence H. White
http://mises.org/resources/155

Control or Economic Law by Eugen von Böhm-Bawerk
http://mises.org/resources/5188

The Positive Theory of Capital by Eugen von Böhm-Bawerk
http://mises.org/resources/3326

Mises and Austrian Economics: A Personal View by Ron Paul
http://mises.org/resources/3221

Links to further readings on Austrian Economics:
http://mises.org/literature.aspx
http://mises.org/articles.aspx

DISCLAIMER: The Ludwig von Mises Institute has given permission under the Creative Commons license that this media presentation can be publicly reposted as long as credit is given to the Mises Institute and other guidelines are followed. More info at: http://creativecommons.org/licenses/by/3.0/us/

This YouTube channel is in no way endorsed by or affiliated with the Ludwig von Mises Institute, any of its lecturers or staff members.

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