Why Austrian Economics Matters (Chicago 2011)

Socialism: Utopia and Reality

Yuri N. Maltsev — Thu, 14 Apr 2011 01:00:00 -0500

A defector from the Soviet Union, Yuri Maltsev knows that socialism is not better than communism.Intellectuals love socialism because they imagine themselves holding power. Communism, a utopia created by Marx, was intended to be classless with no money. Most people in the world today live under socialism.

High School Seminar in Chicago on 8 April 2011. Sponsored by Jeremy Davis.

Silver Circle: The Independent Film and Graphic Novel

Pasha Roberts — Thu, 14 Apr 2011 01:00:00 -0500

The Federal Reserve and its unsound fiat money allow us to do things we should not be doing. Silver Circle is an animated, feature-length, independent film created by Pasha Roberts. The plot is about a group of Rebels that take on the Federal Reserve in 2019. Pasha has found one way to get good economic ideas into our culture.

High School Seminar in Chicago on 8 April 2011. Sponsored by Jeremy Davis.

Why Minimum Wage is Keeping You from Getting a Job

Walter Block — Thu, 14 Apr 2011 01:00:00 -0500

A job seeker may not have the skill set that is worth $7/hour minimum wage. The minimum wage law keeps that individual from being employed. Yet, that person might have been happy making half that in order to gain entry skills and later improve his salary. Markets can meet the supply of jobs and the demand for jobs perfectly when the arrangement between employee and employer is voluntary. There never need be anyone unemployed who wishes work. Government intervention in the form of wage controls like minimum wage laws or union wage rules mess with that natural market supply and demand.High School Seminar in Chicago on 8 April 2011. Sponsored by Jeremy Davis.

The Division of Labor and Finding Your Niche

Douglas E. French — Thu, 14 Apr 2011 01:00:00 -0500

Society is built upon each person doing what they do best. Developed economies have very specialized skills. This division of labor allows us each to do what we do best. We can create ourselves. High School Seminar in Chicago on 8 April 2011. Sponsored by Jeremy Davis.