Rothbard on Socialism in the U.S. and in the Soviet Union
Better J. Boettke talks about Rothbard on Socialism in the U.S. and in the Soviet Union at the 2003 Austrian Scholars Conference.
Better J. Boettke talks about Rothbard on Socialism in the U.S. and in the Soviet Union at the 2003 Austrian Scholars Conference.
Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.
(25:00)
Rothbard covers the principles of demand and supply curves. Prices are at the seat of the whole system. Use the logic of reality. The most mobile labor force is teenagers. Over time, capital equipment per laborer increases. Real wage rates increase. Consumer prices decrease.