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! ?
? Legislative Inflation | Is There Any Solution?
Why do we need law certainty? Do we have law certainty? What were the Greek problems with legislation? How […]
? Why Economists Disagree? | 2 main reasons
Why economists disagree? You may have heard during discussions about economics that one economist is a free market supporter, […]
? Speculation | Is it good for the economy?
Speculation and speculators market role. Is speculation a useful function on the market? Or is the opposite true – […]
? The Role of the Entrepreneur | Where Does Profit and Loss Come From?
What is the role of the entrepreneur? What does he do on the market? Where does his profits come […]
? Who Has The Power on the Market? | Market roles
Who has the power on the market? Is it entrepreneurs? Is it consumers? Or is it the government? Consumer […]
? Why Wages Differ Between Countries? | 2 Main Factors
Why Wages Differ Between Countries? Why person doing the same job earns more in one country than in the […]
? Ponzi Scheme and Pyramid Scheme | How to avoid it?
What is Ponzi scheme and pyramid scheme? What is the difference between them? How to avoid it?
▪ […]
? How can you build a civilization? | Time preference
What is time preference? What is high and low time preference? Why save and invest? What are the conditions […]
? How are monopoly formed?
A short video to inform how to monopoly formed.
▪ John story
John is a shoe producer in a […]
⚙ Lean Manufacturing | a pursuit of perfection
▪ What is Lean Manufacturing and what principles and tools does it use?
What is the easiest way […]