The historic contribution of Mises was represented not so much by the magisterial works that he produced in 1912, or 1922, in 1933, or 1940 — as by his courageous, lonely vigil during the arid decades of the 1940s, 50s and 60s.
Whether they know it or not, economic theory has a major influence on the political views of countless people today. It's not something we can pretend is just for economics eggheads.
Presented at the Mises Institute's 2018 Supporters Summit in Auburn, Alabama.
The Austrian school has always been a very international movement, and the Mises Institute works to uphold that tradition.
In this 28-minute talk, Peter Klein explains why governments employ so many economists, and what economists should really be doing.
Rothbard explains the concept of the "supply of money."
Recorded at Mises University 2018.
