Over an extended period of time I have developed an unabiding belief in free markets and their positive influence on individuals and societies. I have developed that belief through years of experience and the application of clear thinking — aided by the writings of many of the best economic thinkers. Although my formal education includes a bachelors degree and graduate studies in economics, the instruction that I received in classes, for the most part, did not make much sense. Through persistent study, and reading authors from the Austrian school of economics, I have come to more clearly understand the principles and theories that accurately describe economic systems.
In developing this site I felt that it was critically important to do more than advocated the teaching of economic algorithms. Economics does not consist of applying formulas to the lives and actions of human beings, either individually or in groups. It consists instead of the application of clear thinking to understanding the actual behavior of actors in the marketplace. That does not, however, mean that empirical evidence provides the basis for sound economic thinking; it means that a foundation of fundamental principles and theories, grounded in clear thinking, provides a way to understand empirical data.
With a growing resurgence in the Austrian school of economics, and the growth of the Internet, a considerable amount of information and intellectual writing has become available. In spite of that fact, I felt that I could make an important contribution to the proliferation of the principles and theories espoused by the Austrian school. Sometimes the best thinking needs stating from several different points of view in order to make it clear to different readers. Also, occasionally errors have crept into some of the available writing. I felt, therefore, that there existed a need for additional clarification and correction. I also hope, over time, to make the content of this website more interactive. The most effective form of learning comes in doing, and not just in hearing and seeing.