Course Material

The course comprises of 18 lectures, each based on one chapter from Principles of Economics, which is available for download in the course webpage when you enrol. The primary course reading material is the lecture's corresponding chapter, but the course will also rely heavily on further resources listed below.

Lecture 1: Human Action. Sept 25, 2023
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• Ammous, Principles of Economics, Chapter 1
• Mises, Ludwig von. Human Action: The Scholar’s Edition. Ludwig von Mises Institute,1998.Chapters 1 to 4
• Hayek, Friedrich von. “The Pretence of Knowledge.” The Swedish Journal of Economics, vol.77, no. 4, Dec 1975.
• Hayek,Friedrich von. “Scientism and the study of society [Part 1].” Economica, vol.9, no. 35, 1942.
• Rothbard, Murray. Man, Economy, and State, withPower and Market. Ludwig von Mises Institute, 1962. Chapter 1

Lecture 2: Value. October 9

• Ammous, Principles of Economics, Chapter 2
• Menger, Carl. Principles of Economics. Reprint, Ludwig von Mises Institute, 2007. Chapters I-III

Lecture 3: Time. October 23

• Ammous, Principles of Economics, Chapter 3
• Mises, Ludwig von. Human Action: The Scholar’s Edition. Ludwig von Mises Institute, 1998.Chapter 5
• Simon, Julian. The Ultimate Resource 2.Princeton University Press, 1996.
• Pooley, Gale, and Marian Tupy. “The Simon Abundance Index 2021.” Human Progress.
• The Bitcoin Standard Podcast with guest Gale Pooley.

Lecture 4: Labor. November 6

• Ammous, Principles of Economics, Chapter 4
• Mises, Ludwig von. Human Action: The Scholar’s Edition. Ludwig von Mises Institute, 1998. Chapter 7

Lecture 5: Property. November 20

• Ammous, Principles of Economics, Chapter 5
• Hoppe, Hans-Hermann. A Theory of Socialism and Capitalism. Ludwig von Mises Institute, 2010. Chapters 2 and 7
• Kinsella, Stephan. “What Libertarianism Is.” Property, Freedom, and Society: Essays in Honor of Hans-Hermann Hoppe, Ludwig von Mises Institute, 2009, p. 184-5.
• Mises, Ludwig von. Human Action: The Scholar’s Edition. Ludwig von Mises Institute, 1998. Chapter XXIV

Lecture 6: Capital. December 4

• Ammous, Principles of Economics, Chapter 6
• Mises, Ludwig von. Human Action: The Scholar’s Edition. Ludwig von Mises Institute, 1998. Chapters XV and XVIII

Lecture 7: Technology. December 18

• Ammous, Principles of Economics, Chapter 7
• Kinsella, Stephan. “The Case Against IP: A Concise Guide.” Mises Daily Articles, Ludwig von Mises Institute, 4 Sep 2009.
• Kinsella, Stephan. Against Intellectual Property. CreateSpace, 2001.
• McElroy, Wendy. “Contra Copyright, Again.” Libertarian Papers, vol. 3, no. 12, 2011.

Lecture 8: Energy and Power.  January 1, 2024

• Ammous, Principles of Economics, Chapter 8
• Bradley, Robert. Energy: The Master Resource: An Introduction to the History, Technology, Economics, and Public Policy of Energy. Kendall Hunt Publishing, 2004.
• Smil, Vaclav. 2017. Energy and Civilization: A History. Cambridge, MA: MIT Press.
• Epstein, Alex. Fossil Future. Penguin, 2014.

Lecture 9: Trade. January 15

• Ammous, Principles of Economics, Chapter 9
• Rothbard, Murray. Man, Economy, and State with Power and Market. Ludwig von Mises Institute, 1962. Chapter 2
• Read, Leonard. “I, Pencil: My Family Tree as Told to Leonard E. Read.” The Freeman, Dec 1958.
• Mises, Ludwig von. Human Action: The Scholar’s Edition.Ludwig von Mises Institute, 1998. Chapter VIII

Lecture 10: Money. January 29

• Ammous, Principles of Economics, Chapter 10
• Mises, Ludwig von. Human Action: The Scholar’s Edition. Ludwig von Mises Institute, 1998. Chapter XVII
• Hoppe, Hans-Hermann. ““The Yield From Money Held” Reconsidered.” Ludwig von Mises Institute, 14 May 2009
• Rothbard, Murray. Man, Economy, and State with Power and Market. Ludwig von Mises Institute, 1962. Chapter 3
• Rothbard, Murray. Economic Controversies. Ludwig von Mises Institute, 2011. Chapter 37

Lecture 11: Markets. February 12

• Ammous, Principles of Economics, Chapter 11
• Mises, Ludwig von. Human Action: The Scholar’s Edition. Ludwig von Mises Institute, 1998. Chapter XIV-XV
• Schuettinger, Robert L., and Eamonn F. Butler. Forty Centuries of Wage and Price Controls: How Not to Fight Inflation. Heritage Foundation, 1978.

Lecture 12: Capitalism. February 26

• Ammous, Principles of Economics, Chapter 12
• Rothbard, Murray. “The End of Socialism and the Calculation Debate Revisited.” The Review of Austrian Economics, vol.5, no. 2, 1991, p. 59.
• Mises, Ludwig von. Human Action: The Scholar’s Edition. Ludwig von Mises Institute, 1998. Chapters XVI and XXVI

Lecture 13: Time Preference. March 11

• Ammous, Principles of Economics, Chapter 13
• Hoppe, Hans-Hermann. Democracy: The God That Failed. Transaction Publishers, 2001. Chapter 1
• Ammous, Saifedean. The Fiat Standard: The Debt Slavery Alternative to Human Civilization. Saif House, 2021. Chapter 7
• Hülsmann, Jörg Guido. The Ethics of Money Production. Ludwig Von Mises Institute, 2008.
• Hülsmann, Jörg Guido. Deflation and Liberty. Ludwig Von Mises Institute, 2008.
• Salerno, Joseph. “Hyperinflation and The Destruction of Human Personality.” Studia Humana, vol. 2, no. 1, 2013, pp. 15-27.

Lecture 14: Credit and Banking. March 25

• Ammous, Principles of Economics, Chapter 14
• Mises, Ludwig von. Human Action: The Scholar’s Edition. Ludwig von Mises Institute, 1998. Chapters XVII, XVIII
• Hayek, Friedrich von. A Tiger By The Tail: The Keynesian Legacy of Inflation. Ludwig von Mises Institute, 1972

Lecture 15: Monetary Expansion. April 8

• Ammous, Principles of Economics, Chapter 15
• Mises, Ludwig von. Human Action: The Scholar’s Edition. Ludwig von Mises Institute, 1998. Chapters XIX, XX
• Garrison, Roger. Time and Money: The Macroeconomics of Capital Structure. Routledge, 2001.
• Mises, Ludwig von. The Theory of Money and Credit. 2nd ed., Foundation for Economic Education, 1971. Part Three

Lecture 16: Violence. April 22

• Ammous, Principles of Economics, Chapter 16
• Fuller, Edward W. “The Non-Aggression Principle: A Short History.” Revista Procesos de Mercado, vol. 16, no. 1, 2019, pp. 31-88.
• DiLorenzo, Thomas. “The Myth of Natural Monopoly.” The Review of Austrian Economics, 1996, pp. 43-58.
• Hoppe, Hans-Hermann. “Fallacies of the Public Goods Theory and the Production of Security.” The Journal of Libertarian Studies, vol. 9, no. 1, Winter, 1989.
• Hayek, Friedrich von. Studies in Philosophy, Politics and Economics. University of Chicago Press, 1967. Chapters 5 and 6
• Mises, Ludwig von. Economic Policy: Thoughts for Today and Tomorrow. Free Market Books, 1995.

Lecture 17: Defense. May 6

• Ammous, Principles of Economics, Chapter 17
• Rothbard, Murray. For a New Liberty. Macmillan,1973.
• Rothbard, Murray. The Ethics of Liberty
• Rothbard, Murray. Anatomy of the State
• Rothbard, Murray. Power and Market
• Hoppe, Hans-Hermann. The Private Production of Defense. Ludwig Von Mises Institute, 2009.
• Hoppe, Hans-Hermann. The Myth of National Defense: Essays on the Theory and History of Security Production. Ludwig Von Mises Institute, Auburn University, 2003
• Stringham, Edward. Private Governance: Creating Order in Economic and Social Life. Oxford University Press, 2015.
• Mises, Ludwig von. Human Action: The Scholar’s Edition. Ludwig von Mises Institute, 1998, Chapter XXVII
• Hans-Adam. The State in the Third Millennium. 1st ed., Van Eck, 2009.

Lecture 18: Civilization. May 20

• Ammous, Principles of Economics, Chapter 18
• Howden, David, and Joakim Kämpe. “Time Preference and the Process of Civilization.” International Journal of Social Economics, vol. 43, no. 4, 2016, pp. 382-99.
• Hoppe, Hans-Hermann. The Economics and Ethics of Private Property: Studies in Political Economy and Philosophy. Kluwer Academic 1993. Chapter 13.
• Glubb, John. The Fate of Empires and Search for Survival. Blackwood, 1978