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Economics for Individuals

Economics for Individuals

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Austrian Economics is the economics of individualism.

The virtues of individualism – including independence, self-reliance, and the willingness to bear risks as well as the entrepreneurial readiness to back one’s own conviction against a majority, and the willingness to voluntary collaboration with one’s neighbors – are not highly respected today. They should be, because they rank among the most important values that energize Individual Economics, the economic system that, properly understood, empowers every individual to choose the most effective means to achieve their own subjective ends, resulting in the emergence of the best society for all.


Austrian Economists

Explore Our Economics for Individuals Collection

Our goal with this collection is to illustrate the principles of Individual Economics in the hope of encouraging their greater adoption.

Choose Economics: It’s The Culture Of Smart Decisions

Ranked ends, carefully selected means, continuous assessment of the fitness of means to ends, time preference adjusted towards savings and investment, embracing negative feedback, managing uncertainty by careful testing of steps. These are elements of economic thinking that are useful to us at every moment and in every aspect of our lives.

6 Pillars Of Individual Economics For The 21st Century

The unit of analysis for economics is the individual. If economics is to be a useful science, it will help individuals to make better decisions for themselves, in the context of productive collaboration with others. Let’s just help shed light on good economic decision making.
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