02/01/2026
We wrap up Day 5—and the finale—of Rethinking Economicsglobal video series with the Austrian School of Economic Thought.
From Carl Menger to Hayek and von Mises, the Austrian tradition challenges rigid, top-down economic models by placing individual choice, subjective value, and entrepreneurial discovery at the centre of analysis.
This final video explores how:
- Value exists in the mind of the individual
- Prices function as signals of dispersed knowledge
- Markets evolve as spontaneous orders, not central designs
- Boom–bust cycles often stem from artificial distortions in the price system
When human initiative is respected and justice is upheld, social coordination does not require coercion—it emerges.
This 5-day global series was coordinated by Dennis Venter (Rethinking Economics Australia). The KN Raj Economics Club contribution was led by Vinayakan Sajeev.
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