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Source link: http://archive.mises.org/13367/learn-principles-of-economics-online/

Learn Principles of Economics Online

July 23, 2010 by

Whether it is in one of my classes or those offered by other instructors, I strongly encourage you to participate in the Mises Academy. We provide top-flight instruction at a fraction of the cost of a typical online university class. FULL ARTICLE by Robert P. Murphy

{ 12 comments }

Jerryhorse July 23, 2010 at 10:15 am

I graduated with honors in economics from UCLA in 1969. Of course, for econ 101, or whatever the course was called back then, we studied macro and micro using a text book written by one of our professors and not Paul Samuleson’s text which of course was used in virtually every other college and university back then. I still can recall asking one of our instructors during one of the lectures about some theoretical issue, “Professor, are we ever going to be able to take a field trip to the real world?”

After graduating I found that the real world for someone with a degree in economics was being sent by headhunters to Wall Street Brokerage houses to make cold calls, selling stocks. I didn’t take any of those jobs and wound up going to Law School and practicing commercial law for over 30 years.

I must say that in the past several years, I have gone back to my roots a bit and have studied Austrian Economic Theory by reading “Human Action,” lots of Murray Rothbard’s books and quite a few others. The point that I would like to make is that studying Austrian Economic Theory in my mind is much more than anything that I was taught in college economics courses. College economic courses were clearly designed to fit students into a technocratic cubby hole somewhere doing all kinds of analysis that kept them from seeing the entire picture of just how economics fits into the political and sociological structure of our civilization.

What has really captivated me about Mises, Rothbard, Hayek and the other Austrians is how they never seem to lose sight of the purpose of learning and understanding how economics works. The real purpose, as I see it, is to understand what freedom and liberty are all about. What is most frustrating is that as you become engrossed in Austrian Economics, you become disheartened about the state of our country today. You begin to see clearly just how far we have come from the freedom that we have been told we have and just how enmeshed in statism we remain.

Teaching the next generation about Liberty is what I am sure your students will appreciate most about your courses because you cannot teach Austrian Economics without teaching them about Liberty and I certainly hope that they stay out of those cubbyholes designed for them by the state.

William July 23, 2010 at 1:51 pm

I took the the very first course by the Mises Academy, Dr. Murphy was the instructor. I was amazed at how much I learned, how much I really didn’t know and thought I did. I can honestly say, for the price of a nice dinner for two, the courses are well worth the money. Lengthen your time preference for that nice dinner, and enroll. I’m on my second course with Thomas DiLorenzo and can’t wait for Tom Woods’ class!!!

J.K. Baltzersen July 23, 2010 at 3:45 pm

The Mises Academy is a great innovation, I agree. It does, however, with the important component of following lectures, have a serious drawback for those of us who reside in European time zones.

William July 23, 2010 at 3:51 pm

But that is why they post recordings, which I found suffice as I work during most of the lectures therefore did not attend most live.

J.K. Baltzersen July 24, 2010 at 3:38 am

Yes, but you miss out on being part of the interaction, which is an important element.

anon July 23, 2010 at 10:29 pm

I wish there were more people studying any reasonably good econ book. There probably are differences between how Dr. Murphy teaches and how I was taught. I suspect Dr. Murphy is putting in more pro-free-market dicussion than one normally finds in those courses. I’m sure reading him is better than never reading any economics, which is what I suspect most people are doing. I also think it is a good idea to teach basic economic intuition early, well before the last year of high school. I wish you guys good luck with this type of pedagogical project.

tungsten watches July 24, 2010 at 4:16 am

Teaching the next generation about Liberty is what I am sure your students will appreciate most about your courses because you cannot teach Austrian Economics without teaching them about Liberty ,I wish there were more people studying any reasonably good econ book.What has really captivated me about Mises, Rothbard, Hayek and the other Austrians is how they never seem to lose sight of the purpose of learning and understanding how economics works.

J.K. Baltzersen July 24, 2010 at 8:14 am

you cannot teach Austrian Economics without teaching them about Liberty

Says the mises.org FAQ:

It is also correct to distinguish between Austrian economics as a value-free science and libertarian political economy, which is rooted in many different philosophical points of view.

mpolzkill July 24, 2010 at 1:01 pm

Come on, Bob Zombie, no one can learn the principles of economics online. Pete Stark told me that one can’t even learn them at most universities:

http://www.youtube.com/watch?v=UjbPZAMked0&NR=1&feature=fvwp

Dagnytg July 24, 2010 at 7:58 pm

Wow….this video and few of the others from janhelfeld are incredible. The display of arrogance and ignorance is amazing. I guess the current generation of politicians is a lost cause in learning liberty.

mpolzkill July 25, 2010 at 12:02 am

Dag,

Ain’t it something? Michael should hang around this scumbag like I hang around really fat people.

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