Austrian Economics is not the economics of the country of Austria, and you don't need to go to Austria to learn about it - in fact Austrian Economics is right here in South Florida!
Austrian Economics is about the economics of real people making economic decisions in the real world. It is called Austrian because many of the first Austrian economists, like Menger, Böhm-Bawerk, and Ludwig von Mises, were from Austria. But Austrian Economics is now taught and practiced all over the world.
Because every human being acts in economic ways every day, learning about economics can not only help you to understand about the prosperity - or lack of prosperity - of your country, state, and city, but it can also help you become more prosperous in your own personal life. And because economics has influenced almost everything that people and nations have done in the past and do today, along with economic topics we also look at history, current events, and personal skills that you can use to better your life.
Our get-togethers are open to anyone interested in learning more about liberty, free markets, sound money and peace. Please join us.
This week we'll be talking about marginal utility, or as Jeffrey Tucker puts it, the secret to a happy life. Marginal utility deals with the act of making a single economic decision within a context, and how the context of future decisions is shaped by the first.
And we'll discuss the question, what stuff could we forego that might actually improve our lives?
He who dies with the most toys wins.
He's already got one, you see.
There's a cost to having stuff:
Even evildoing has diminishing marginal returns. Done often enough, and it becomes Tuesday
Explaining Marginal Utility in DisneyLand:
Minimalism = freedom? with James Altucher
How to be a happy person, by Jeffrey Tucker