What are your favorite books, or material, on Austrian Economics, and why?
Economics in One Lesson, by Henry Hazlitt, because it explains the theory in simple, clear terms that a Keynesian can understand.
Once they are ready, they can move on to Hayek and Mises.
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Money & The Mechanism of Exchange by William Jevons, 1875
He actually preceded the founders of the Austrian school when it comes to the marginal revolution, and he was also a logician. His work is easy to find online as it is out of copyright.
Here you can find my newsletter post that builds off what I think are the most important pieces of that otherwise somewhat tedious treatise. https://heaviside.substack.com/p/the-forgotten-fourth-function-of
Here you can find me provide a sort of grand unified theory of technoeconomics that has the famous Jevons paradox at its core. It is a couple pages that express what I suspect Jeff Booth was trying, but failed to deliver in his 200 page book... one misses things when the focus is becoming an influencer/cheerleader rather than getting to the root of things. https://heaviside.substack.com/p/bitcoin-is-the-energy-minimal-system
I had previously downloaded some other books to read, but ended up not getting around to it as I feel I have everything I need, but if there is anyone who happens to take an interest in this and notices anything that is missing, I would gladly take suggestions on economic theory worth reviewing.
Perhaps slightly off topic on the Austrian side of things, but I am keenly interested in revisiting some works on Relational Contract Theory, which I think will be the buzz when people realize robust systems that scale trust in a game theoretically sound way is a better alternative than appealing to an authority (when it is possible). Nostr will create demand for many two sided marketplaces so figuring out these reputational problems will be of upmost value.
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Awesome, thanks for sharing!
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The book is available here for download. http://www.hacer.org/pdf/Hazlitt00.pdf
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here are some i have read and enjoyed a lot:
what has government done to our money (rothbard) economics in one lesson (hazlitt) american's greatest depression (rothbard) the use of knowledge in society (hayek) the origings of money (carl menger) economic calculus under socialism (mises) how an economy grows and how it does not (irwin schiff) six lessons (mises) the austrian school (jesus huerta) what is seen and what is not seen (bastiat) competition and entrepreneurship (kirzner) the bitcoin standard (saifedean)
all of them are pretty good. They are ordered randomly and not by being good. I ensure you will like all of them
i didn't include books such as Human Action or Power and Market because i havent read those yet.
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xcellent many thks
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Many thanks! :)
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My two favorites: Human Action by Mises A Theory of Socialism and Capitalism by Hoppe
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