Austrian Economics A Primer

Download or read book Austrian Economics - A Primer written by Eamonn Butler and published by Liberty Publishing Company. This book was released on 2011 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists shape our everyday lives, yet many people find their thinking unsettling. In these days of collapsing currencies, government bail-outs & high unemployment, is there a simple straight-forward way to reconnect the "economy" to the real world in which people find themselves? Who has the answers?Economics is not about fitting different statistics into equations ¿ it is about our values, and how they shape our choices, and what we buy and sell.'Austrian¿ economics has revolutionized our understanding of what money is, why economic booms invariably turn to damaging busts, why government intervention in the economy is a mistake, the importance of time and information in economic decision-making, the crucial role of entrepreneurship - and how much "modern" economic policy is just plain wrong!Austrian School economists gave us the ideas of marginal utility, opportunity cost, and the importance of time and ignorance in shaping human choices and the markets, prices and production systems that stem from them. Eamonn Butler explains these ideas in straightforward, non-technical language, making this Primer the ideal introduction for anyone who wants to understand the key insights of the Austrian School - and their relevance and importance to our economic situation today!Dr. Butler is Director of the Adam Smith Institute in London. Book Website: www.AustrianEconomics-APrimer.com.