Lecture series · recorded 2010
Economics in One Lesson (Auburn 2010)
Economics in One Lesson (Auburn 2010) is a free lecture series (5 recordings, 2.7 hours) you can stream or download at freecapitalists.org, with 5 speakers.
A one-day seminar for high school students at the Mises Institute on 19 November 2010. Sponsored by Anastasia Thiele.
Free MarketsBooms and BustsMoney and Banks
Cover painting: Samuel Slater watches his water-powered spinning frames start up, Pawtucket, December 1790. See every painting in the art gallery.
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01
33:41 Download MP3
Why Does Economics Matter? 2010
Austrian economists differ from mainstream economists mainly in this way: they do not rely on mathematical models, but on understanding what causes success or failure in the real world. Opportunity costs determine the choices people make. Recorded at the Mises Institute on Friday, 19 November 2010. Sponsored by Anastasia Thiele .
Austrian Economics Overview
Read the transcript 4,127 words
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02
34:22 Download MP3
The Division of Labor 2010
Instead of each person doing all of the work creating what he needs and wants, dividing the labor amongst all of us into specialties is clearly superior by increasing the productivity of labor.
Austrian Economics Overview
Read the transcript 5,825 words
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03
29:47 Download MP3
Business and Economic Change 2010
Profit and loss is the heart of business and economic change. Entrepreneurs drive the market at every level, predicting future wants and taking risks with their property. Earning profits is never guaranteed. Bankruptcy puts resources to better use under new management. Bailing out failing businesses creates moral hazards that rewards bad behaviors and prevents the market from experiencing the beneficial effects of business losses. Recorded at the Mises Institute on Friday, 19 November 2010. Sponsored by Anastasia Thiele .
Austrian Economics OverviewFree Markets
Read the transcript 5,253 words
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04
30:40 Download MP3
Modern Banking: Creating Booms and Busts 2010
Deposit banking rests on the bank honoring property rights. Loan banking rests on making good loans that will pay off. But when loan banking and deposit banking merged, the temptation to loan out much more than was actually in the bank arose.
Booms and BustsMoney and Banks
Read the transcript 3,551 words
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05
31:40 Download MP3
How to Improve Society 2010
The Gilded Age ushered in industrial leaders in capitalistic achievement. Success in the world of commerce reflected certain characteristics: stay in touch with the real world, work every job you can, forget about money, focus on the task at hand, surround yourself with smart good people, find the niche that others are missing, improve the world on the margin, don’t plan, never delay, compete but don’t seek to destroy, serve others, stay as far away from politics as possible. Remain in your own framework of freedom. Recorded at the Mises Institute on Friday, 19 November 2010. Sponsored by Anastasia Thiele .
Austrian Economics OverviewFree Markets
Read the transcript 5,424 words
People in this series
Speakers
Doug French, Jeffrey A. Tucker, Mark Thornton, Matt McCaffrey, Robert P. Murphy.
Recording dates, summaries and topics for 5 of these 5 lectures come from the Mises Institute's page for Economics in One Lesson (Auburn 2010), checked 2026-09-27.
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About this series
- Is Economics in One Lesson (Auburn 2010) free to listen to?
- Yes. All 5 mirrored recordings stream in the browser or download as audio, at no cost and with no signup.
- How long is Economics in One Lesson (Auburn 2010)?
- 5 recordings, 2.7 hours in total.
- Who lectures in Economics in One Lesson (Auburn 2010)?
- Doug French, Jeffrey A. Tucker, Mark Thornton, Matt McCaffrey, and 1 others.
- When was Economics in One Lesson (Auburn 2010) recorded?
- 2010, per the recording dates recovered for this series.
- Is there a transcript of Economics in One Lesson (Auburn 2010)?
- Yes. Every lecture in the series has one, 24,180 words in total, free to read on each lecture's page and searchable in the browser.
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