Basic Economic Concepts
Where do prices come from? What is money? What is interest? What is the market? Understanding the fundamental economic concepts is the essential first step to understanding the real impact of human decisions.
Economics will not necessarily tell you if an action or policy is "good" or "bad", but economics will tell you that if you pursue a specific action or policy you can expect a specific result. Below is a list of introductory articles to help you learn about some of the most fundamental and most important concepts in economics. |
Suggested Resources
Thinking Like an Economist
Visit the Freedom Unfiltered Page on Austrian Economics. The Market and Prices
Protectionism
Monopolies
Savings and Capital
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"It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance." - Murray Rothbard |