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The Essential Austrian Economics
- Essential Scholars
- Narrated by: Charity Spencer
- Length: 2 hrs and 17 mins
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Publisher's summary
The origin of the Austrian School of economics is the publication of Carl Menger’s Principles of Economics in 1871. Menger, William Stanley Jevons, and Léon Walras are considered the co-founders of the “marginal revolution” in economics, a shift to the marginal utility theory of value from the labour theory of value. The revolutionists argued that value is not based on the amount of labour expended, but reflects how useful people perceive the commodity to be in satisfying their ends.
This revolution had radical implications for the way economists understood the world: consumer valuations, and not the amount of effort, is what determines prices. But what determines consumer valuations? This question had long perplexed social scientists. Why do consumers value diamonds, a luxury item, more than water, an essential for life? By introducing the concept of marginal utility, Menger and his co-revolutionaries were able to resolve this paradox.
The labour theory of value, however, was not Menger’s only target in his principles. He was also engaging the German Historical School, which held that economic science is incapable of producing universal principles. In contrast, Menger, using marginal utility analysis as a foundation, argued that universal economic laws do apply across time and geographic space. Those in the German Historical School took issue with the claims by Menger and his colleagues about the possibility of universal theory and labeled them the “Austrian School” because they taught at the University of Vienna.
Subsequent generations of scholars have developed the insights of the Austrian School. The purpose of this audiobook is to present an overview of the key tenets of Austrian economics by synthesizing the insights from these thinkers in a set of eight topics that capture the core elements of Austrian economics.
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The End of Normal
- The Great Crisis and the Future of Growth
- By: James K. Galbraith
- Narrated by: L. J. Ganser
- Length: 9 hrs and 27 mins
- Unabridged
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The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe - and a stale argument between two false solutions, “austerity” on one side and “stimulus” on the other. Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000 - interrupted only by the troubled 1970s - represented a normal performance.
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The Constitution of Liberty
- The Definitive Edition
- By: Ronald Hamowy - Edited by, F. A. Hayek
- Narrated by: Mike Chamberlain
- Length: 20 hrs and 7 mins
- Unabridged
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The Constitution of Liberty is considered Hayek's classic statement on the ideals of freedom and liberty, ideals that he believes have guided - and must continue to guide - the growth of Western civilization. Here, Hayek defends the principles of a free society, casting a skeptical eye on the growth of the welfare state and examining the challenges to freedom posed by an ever-expanding government.
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very detailed and important
- By Big Kyle 570 on 06-17-20
By: Ronald Hamowy - Edited by, and others
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Refuge
- Rethinking Refugee Policy in a Changing World
- By: Paul Collier, Alexander Betts
- Narrated by: Clive Chafer
- Length: 10 hrs and 25 mins
- Unabridged
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Refuge seeks to restore moral purpose and clarity to refugee policy. Rather than assuming indefinite dependency, Collier - author of The Bottom Billion - and his Oxford colleague Betts propose a humanitarian approach integrated with a new economic agenda that begins with jobs, restores autonomy, and rebuilds people's ability to help themselves and their societies.
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Academic
- By Jonah on 09-30-19
By: Paul Collier, and others
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The Mystery of Capital
- Why Capitalism Triumphs in the West and Fails Everywhere Else
- By: Hernando de Soto
- Narrated by: Bob Souer
- Length: 6 hrs and 52 mins
- Unabridged
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"The hour of capitalism's greatest triumph," writes Hernando de Soto, "is, in the eyes of four-fifths of humanity, its hour of crisis." In The Mystery of Capital, the world-famous Peruvian economist takes up one of the most pressing questions the world faces today: Why do some countries succeed at capitalism while others fail?
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Good global perspective on Capitalism
- By Nellie boi on 05-29-21
By: Hernando de Soto
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Why Not Socialism?
- By: G. A. Cohen
- Narrated by: John Lescault
- Length: 1 hr and 8 mins
- Unabridged
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Is socialism desirable? Is it even possible? In this concise book, one of the world's leading political philosophers presents with clarity and wit a compelling moral case for socialism and argues that the obstacles in its way are exaggerated. There are times, G. A. Cohen notes, when we all behave like socialists.
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Not compelling, but OK
- By Angel D. on 01-17-12
By: G. A. Cohen
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Postcapitalism
- A Guide to Our Future
- By: Paul Mason
- Narrated by: Gildart Jackson
- Length: 13 hrs and 42 mins
- Unabridged
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Over the past two centuries or so, capitalism has undergone profound changes - economic cycles that veer from boom to bust - from which it has always emerged transformed and strengthened. Surveying this turbulent history, Paul Mason's Postcapitalism argues that we are on the brink of a change so big and so profound that this time capitalism itself, the immensely complex system within which entire societies function, will mutate into something wholly new.
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some good ideas...
- By "ge-ko" on 06-19-16
By: Paul Mason
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The Economics of Inequality
- By: Thomas Piketty, Arthur Goldhammer - translator
- Narrated by: L. J. Ganser
- Length: 4 hrs and 41 mins
- Unabridged
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Succinct, accessible, and authoritative, Thomas Piketty’s The Economics of Inequality is the ideal place to start for those who want to understand the fundamental issues at the heart of one the most pressing concerns in contemporary economics and politics. This work now appears in English for the first time.
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A Survey of the Economics of Inequality
- By Darwin8u on 12-19-16
By: Thomas Piketty, and others
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Creating Freedom
- The Lottery of Birth, the Illusion of Consent, and the Fight for Our Future
- By: Raoul Martinez
- Narrated by: Steve West
- Length: 17 hrs and 35 mins
- Unabridged
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A manifesto for deep and radical change, Creating Freedom explores the limits placed on freedom by human nature and society. It explodes myths, calling for a profound transformation in the way we think about democracy, equality, and our own identities.
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The BEST book, I've listened to in a long time
- By G. Newton on 04-16-17
By: Raoul Martinez
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The Great Reversal
- How America Gave Up on Free Markets
- By: Thomas Philippon
- Narrated by: Walter Dixon
- Length: 10 hrs and 1 min
- Unabridged
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Why are cellphone plans so much more expensive in the United States than in Europe? It seems a simple question. But the search for an answer took Thomas Philippon on an unexpected journey through some of the most complex and hotly debated issues in modern economics. Ultimately, he reached a surprising conclusion: American markets, once a model for the world, are giving up on healthy competition.
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Eye-opening, but better as a book - a must-READ
- By Ash on 11-29-19
By: Thomas Philippon