Equilibrium Illusions

Jonathan Newman challenges mainstream interpretations of equilibrium, showing how Austrian economics replaces static models with a dynamic, step-by-step view of market coordination. Drawing on Mises, Rothbard, and Salerno, he explains how real-world prices emerge from individual choices and imperfect knowledge, not from abstract supply-demand curves or idealized conditions

Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2025.

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