Austrian Microeconomics

This course provides a systematic overview of Austrian microeconomics, starting with the basic of scarcity, choice, and value; then moving to exchange and demand; the determination of prices; factor markets and factor pricing (including labor); profit, loss, and the entrepreneur; the structure of production; and competition and monopoly.

Instructor

Peter G. Klein is Carl Menger Research Fellow of the Mises Institute, where he serves on the Board of Directors. He is the W. W. Caruth Chair and Professor of Entrepreneurship at Baylor University’s Hankamer School of Business. He is also Academic Director of Baylor’s Baugh Center for Entrepreneurship and Free Enterprise and Adjunct Professor of Strategy and Management at the Norwegian School of Economics. His research focuses on the economics of entrepreneurship and business organization, with applications to innovation, public policy, and economic growth. Klein has authored or edited seven books and has published over 75 academic articles, chapters, and reviews. See here for his website at Baylor University.

He taught previously at the University of California, Berkeley, the University of Georgia, the Copenhagen Business School, and the University of Missouri, and served as a Senior Economist with the Council of Economic Advisers. He is also a former Associate Editor of The Collected Works of F. A. Hayek. He is coeditor of the Strategic Entrepreneurship Journal and on the Editorial Board of many academic journals including the Quarterly Journal of Austrian Economics. He lectures regularly at the Mises University, Rothbard Graduate Seminar, and other Mises Institute events.

Klein received his Ph.D. in economics from the University of California, Berkeley and his B.A. from the University of North Carolina, Chapel Hill.