We teach Austrian Economics in a fun way! How is wealth created? Saving and investing is the key to personal wealth as well as the economic growth. 👍 How prices are determined? What can we learn from knowing the price discovery process? 😎 The Great Recession was initiated by bursting of the housing bubble. But why there was a housing bubble in the first place? Opportunity cost is the road not taken. Every action has a cost! How do we determine the value of things? How to explain the “water and diamonds paradox”? The law of diminishing marginal utility gives us an answer! Learn Austrian Economics in a fun way! 🎞
How are monopoly formed?
A short video to inform how to monopoly formed.
▪ John story
John is a shoe producer in a far country of Los Zapatos. He achieved […]
Lean Manufacturing | a pursuit of perfection
▪ What is Lean Manufacturing and what principles and tools does it use?
What is the easiest way to explain what Lean Manufacturing is? It […]
Why do we need accounting?
Why do we need accounting? Some might think, that accounting is only a boring and unnecessary redundancy and that it exists only due to […]
Skyscrapers | heralds of prosperity or crises?
The concept of “capitalism” evokes a number of associations. In popular culture, the symbols of capitalism are often banknotes, trademarks of well-known global companies, […]
Price controls
In the previous episode we talked about prohibition. Although we started with the example of an autistic intervention in the form of a ban […]
How to Buy Gold and Silver | Practical Guide
What are the purposes of buying gold and silver?
First of all, to keep purchasing power […]
What’s the difference between invention and innovation?
Have you ever heard about the dispute of two Steves who created an apple? Of course, it is […]
Types of intervention and the effects of prohibition
Today, let’s discuss the types of market intervention and, using an example, the effects of one of its types.
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