Economic theory is essential for understanding history. It is difficult to interpret data without economic theory. Theory cannot come from data. All states are aggressive. All wars require economic resources. More liberal states will pursue more aggressive policies. The biggest bullies will get away with murder.
Alexandre Padilla talks about Rothbard on Agency Problems at the 2003 Austrian Scholars Conference.
Gene Callahan presents the Henry Hazlitt Memorial Lecture at the 2003 Austrian Scholars Conference.
The Progressive Era covered the turn of the 19th-20th centuries until about WWI. It delivered such delights as the Federal Reserve. Accelerated statism with a philosophical veneer favored experts on boards making economic decisions efficiently. This era birthed the regulatory state.
Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.
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