Philosophy and Methodology

Introduction to Theory and History. Narrated by John Pruden.

From Theory and History, Part One, “Value”. Narrated by John Pruden.

Preface to Theory and History by Ludwig von Mises.

Narrated by John Pruden.

From Theory and History, Part One, “Value”. Narrated by John Pruden.

Money and wealth are distinct, and we should not assume that a fall in the stock indices necessarily means that "that money" has now been transferred someplace else.

People rebel against the insight that the malinvestment and overconsumption of the boom period are the cause of the bust.

The state makes a mess of everything it touches.

The truth of the matter is that, far from causing starvation and famines, it is the speculator who prevents them.

To put it differently, morally significant action has to be freely chosen, not mere proper behavior.

You cannot measure the immeasurable.