Capital and Interest Theory

In the wake of bad news on inflation, the Federal Reserve is pushing up interest rates. However, a Fed-induced higher rate is not the same as an interest rate decided by the market.

Keynesians claim that the source of economic growth is consumer spending. Austrians know that net savings are the key to a growing economy.

Economists and political elites fondly claim that economic growth is due to increased technological knowledge. That is only partly true.

While Graham Priest seems to have "rescued" Marxism from the labor theory of value, he cannot rescue Marxism itself.

Peter Lewin joins Bob to discuss his work on uniting Austrian capital theory with mainstream finance.

Economists and political elites fondly claim that economic growth is due to increased technological knowledge. That is only partly true.

While Graham Priest seems to have "rescued" Marxism from the labor theory of value, he cannot rescue Marxism itself.

Capital is the starting point of economic calculation.

Time is an irreversible flux. Each moment has a unique place in the sequence of moments of time with respect to action.

"The free market and the division of labor does not promote hyper-atomized individuals. It creates social harmony and community."