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What’s Wrong with Textbook Economics: An Austrian Critique (Our Newest Course!)

Our most recent course — our eleventh! — is already being downloaded by our members: “What’s Wrong With Textbook Economics?

I consider the idea for this course to be among the ten best ideas I have ever had.

Until now, there has been no systematic Austrian response to a mainstream economics text. The major Austrian treatises do not touch upon many of the concepts that students will encounter in their classroom texts. We need a resource that sifts out what is correct from what is incorrect or confused in the mainstream text. And now we have it.

Professor Jeffrey Herbener has taken the highly popular Samuelson/Nordhaus Economics textbook and subjected it to a chapter-by-chapter critique. (See the topics below.) It is the tool we Austrians have been waiting for.

Save yourself lots of trouble and agony by hearing the Austrian reply to what is routinely presented to students. Learn how to respond to typical claims by non-Austrians. Deepen your knowledge and understanding of Austrian economics.

Not to mention: ask the professor all the questions you like, in our discussion forums. And for this month’s live Q&A session we’ll bring on Professor Herbener and you can ask your questions live!

Of course, we have ten other courses, too, in both video and audio, for easy listening on the go.

Haven’t yet joined us? Now’s a great time: take 50% off a year’s subscription with coupon code DISCOUNT (all caps). Click here to learn more, and to join!

Lecture topics (each lecture corresponds to the same Chapter number in Samuelson’s book):

1. Is there a distinctive economic way of thinking?
2. What is the proper role of the state in the economy?
3. How do prices coordinate social interaction?
4. How useful is demand and supply analysis?
5. Homo Economicus or homo agens?
6. Is the business firm merely a production function?
7. Is cost merely the monetization of a production function?
8. Need competition be perfect?
9. Is competition everywhere imperfect?
10. Is regulation necessary?
11. Is risk distinct from uncertainty?
12. Are income and wealth equitably distributed?
13. Are wages deserved?
14. Do we exploit the environment?
15. Are interest and profit really necessary?
16. Where do we draw the line between the state and the market?
17. How do we help the poor?
18. How should we treat foreigners?
19. What is macroeconomics?
20. Are there any useful macroeconomic statistics?
21. Which is more important, consumption or investment?
22. What causes business cycles?
23. How does money affect production?
24. Is monetary policy stabilizing or destabilizing?
25. What causes economic growth?
26. Why is economic growth uneven?
27. What determines the pattern of international trade?
28. How does an open-economy operate?
29. What causes unemployment?
30. What causes inflation?
31. What are the consequences of government debt?

Join us!

Spend Constitution Day with Liberty Classroom

Our next live Q&A session is tonight, September 17, at 9:00pm ET, for one hour. Joining me will be Kevin Gutzman, author of The Politically Incorrect Guide to the Constitution and James Madison and the Making of America. Bring your questions or just come and watch!

To join the session, sign in to your account and then click the link to “Live Sessions” you’ll see at the top of the page. Or just sign in and click this link: http://www.libertyclassroom.com/live.

Our live sessions supplement our ten on-demand courses. Click here to browse what we have to offer, and join us!

Bring Your Questions Tonight

Our next live Q&A session is tonight, August 6, at 8:00pm ET, for one hour. Joining me will be Kevin Gutzman and Brion McClanahan, our two other U.S. historians. Bring your questions or just come and watch!

To join the session, sign in to your account and then click the link to “Live Sessions” you’ll see at the top of the page. Or just sign in and click this link: http://www.libertyclassroom.com/live.

Our live sessions supplement our ten on-demand courses. Click here to browse what we have to offer.

Now’s a great time to join: to celebrate the release of our latest course, “The American Revolution: A Constitutional Conflict,” taught by Professor Kevin Gutzman, we’re offering 50% off a year’s subscription. That’s 50% off for all our courses (with more to come this year), plus discussion forums with faculty, live Q&A sessions, recommended readings, and more. Use coupon code DISCOUNT (in all caps). Join us today!

Join Us for Today’s Q&A!

Our next live Q&A session is today, June 30, at 2:00pm ET, for one hour. The unusual time is intended to accommodate our international members, who have difficulty attending our regularly scheduled events.

Joining us will be Jeffrey Herbener, who teaches our Austrian Economics course. Bring your questions or just come and watch!

To join the session, sign in to your account and then click the link to “Live Sessions” you’ll see at the top of the page. Or just sign in and click this link: http://www.libertyclassroom.com/live.

Our live sessions supplement our ten on-demand courses. Click here to browse what we have to offer.

Now’s a great time to join: to celebrate the release of our latest course, “The American Revolution: A Constitutional Conflict,” taught by Professor Kevin Gutzman, we’re offering 50% off a year’s subscription. That’s 50% off for all our courses (with more to come this year), plus discussion forums with faculty, live Q&A sessions, recommended readings, and more. Use coupon code KEVIN (in all caps). Join us today!

New Course Available! The American Revolution: A Constitutional Conflict

We’re thrilled to announce the release of “The American Revolution: A Constitutional Conflict,” the tenth course at Liberty Classroom. Click here for a list of the topics it covers. Here is the real American Revolution, and here are the real issues at stake.

The course is taught by Professor Kevin Gutzman, whose books include The Politically Incorrect Guide to the Constitution, James Madison and the Making of America, and (with me) Who Killed the Constitution? The Fate of American Liberty from World War I to Barack Obama.

If you’re not yet a member, now’s a great time to join. Want to learn history, economics, and political philosophy from accomplished faculty you can trust? Low on time, and need to learn on the go? Then Liberty Classroom is for you.

We now have ten courses — courses you can listen to in your car or watch on your device (everything we have is available in both audio and video). Here are the others:

John Maynard Keynes: His System and Its Fallacies
U.S. History to 1877
U.S. History Since 1877
Introduction to Logic
U.S. Constitutional History
Austrian Economics, Step by Step
The History of Political Thought, Part I
Western Civilization to 1500
Western Civilization Since 1500

Check them all out on our courses page.

Not yet a member? Join us and get access to these courses plus the additional courses we add during your subscription year, along with discussion forums where you can get your questions answered by faculty, monthly live sessions in which faculty take your questions in real time, and recommended readings for the topics we cover — to take the guesswork out of what to read for your own private study.

Plus, right now, to celebrate the release of our latest course, take 50% off a year’s subscription by using coupon code KEVIN (all caps) at checkout.

Join thousands of other liberty lovers at LibertyClassroom.com today!

What our members are saying

Liberty Classroom may end up being the best money I’ve ever spent.

- S.W.

I am incredibly impressed.

- J.W.

Wow! I have always been studious, yet I do not recall learning any of this as a child. I am loving the material.

- R.D.

I now even find myself constantly correcting my own textbooks. This resource is invaluable!

- J.L.

Tom Woods and company should have their heads examined for practically giving away college level lectures on real history.

- Kenn Williamson

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