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! ?
Automation: chance or threat?
Less than two years before Stephen Hawking’s death in December 2016, the […]
Was Tulipmania the Madness of Crowds?
Tulipmania – was it really “the Madness of Crowds”? The Seventeenth century was the golden age for […]
Capitalism – The Unknown Ideal?
We start by addressing an important question: What is politics?
There are numerous definitions. One encyclopedic […]
Investment Risk and Its Types
In the simplest of terms, the “investment risk,” is a possibility of an investment bringing a […]
Universal Basic Income | Pros and Cons | UBI
Have you ever wondered what it would be like to go back to the 1970s soviet country, […]
Why is US healthcare system so expensive?
Why is US healthcare system so expensive? Is it because the free market failed? Or is it because of […]
¿De dónde viene la riqueza? | Ahorros e inversiones
Imaginaos un mundo en el que, de un momento a otro […]
I, Pencil By Leonard E. Read
I, Pencil
By Leonard E. Read
Prisoner’s Dilemma and Self-enforcing Contracts
“Two men suspected of a crime are arrested. Though there is no evidence to convict them on a […]