Bob Murphy is giving a course this fall (September-November) on the Principles of Economics. He will cover:
- Thinking Like an Economist
- How We Develop Economic Principles
- Economic Concepts Implied by Action
- “Robinson Crusoe” Economics
- The Institution of Private Property
- Direct Exchange & Barter Prices
- Indirect Exchange and the Appearance of Money
- The Division of Labor & Specialization
- Entrepreneurship & Competition
- Income, Saving, and Investment
- Supply & Demand
- Interest, Credit, and Debt
- Profit & Loss Accounting
- The Stock Market
- The Failures of Socialism—Theory and History
So, I said, “Take This Course At All Costs” but I must add one caveat. If you don’t have the $250 for this, then do not go into debt to take this class. It would defeat the purpose. Don’t buy things you don’t have the money for, this is another principle of Austrian economics. But if you had some money set aside for a vacation to Greece, I’d say to slip $250 out of that fund, and go take this class. If you haven’t studied economics before (real economics, that is, not the Keynesian junk) then this may be one of the most important things you do. You can view more info about the course here.
