Home Study Courses in Austrian Economics

Austrian economics began in the late 19th and early 20th centuries with a group of economists based in Vienna, Austria. During the 20th century, Ludwig von Mises, F.A. Hayek and Murray N. Rothbard emerged as leading thinkers in Austrian economics, which emphasizes free markets and opposes all government intervention. Austrian economics also relies on complex philosophical reasoning rather than mathematical proofs to support its arguments. Learning Austrian economics requires extensive study, and at an-home study course provides an attractive alternative to enrolling in a university program. Only one home study course in Austrian economics is available, but it comes from the Ludwig von Mises Institute, a leading center of Austrian economic scholarship.
  1. Identification

    • The Ludwig von Mises Institute, headquartered in Auburn, Alabama, is an education and research center that promotes the work of Mises, who died in 1973, and other Austrian economic thinkers. The institute publishes a variety of Austrian economic books, journals and newsletters. It also offers a home study course in Austrian economics.

    Features

    • The Mises Institute's Home Study Course in Austrian Economics provides an in-depth introduction to Austrian economics, including its economic theories, its perspective on history and the public policy implications arising from Austrian thought. The course includes a CD with more than 50 hours of recorded lectures, lesson plans and a study guide, a packet of supplemental readings and more than a dozen books considered classics in the field of Austrian economics. The books include works by Mises and Murray N. Rothbard. The CD includes lectures by contemporary Austrian economists, as well as classic lectures by Rothbard and Mises.

    Topics

    • Topics covered by the Mises Institute's home study course include Austrian economic theory, economic history, applied economic topics, government distortions of the market and alternative systems of economic thought.

    Time Frame

    • The Mises Institute website states that Professor Robert Murphy, who developed the home study course, designed it for completion in a year. The course divides the work into 52 lessons, designed to be completed at the rate of one lesson per week. Each week's lesson covers a single topic, with a one-hour lecture and a set of assigned readings. Each lesson includes study questions to guide your progress through the course. Although the course is designed for completion in a year, at-home courses allow you to study the material at your own pace.

    Benefits

    • You do not need an Internet connection to listen to the lectures or read the material for the home study course in Austrian economics. The course includes all reading and listening material. However, the Mises Institute website contains extensive information on Austrian economics, and its online store offers a wide array of reading and other material to continue your Austrian economics education.

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