Faculty Panel: Theory and Method
Recorded at the Mises Institute in Auburn, Alabama, on July 28, 2023.
Recorded at the Mises Institute in Auburn, Alabama, on July 28, 2023.
Following the collapse of the USSR, many socialists pinned their hopes upon the development of a "market socialism" that would be economically efficient and create equality. Marxist philosopher G.A. Cohen wisely dissented.
Menger discovered much more than the principle of marginal utility—he created an entire system of economics based on subjective value and individual choice.
In contrast to the imaginary way that mainstream economists present value, Austrian economists properly use ordinal rankings to determine value.
David Gordon take a critical look at Markus Gabriel's Moral Progress in Dark Times, and although he finds parts that are disturbing, he also discovers important areas of agreement.
More than two thousand years ago, the ancient Chinese Tao presented ideas that are reflected in F.A. Hayek's concept of spontaneous order.
Patrick Deneen writes that the nonaggression principle promotes a liberalism that is harmful to society, as evidenced by John Stuart Mill's idea of the tyranny of public opinion.
Professor Quinn Slobodian believes that free markets must lead to tyrannical worker exploitation, and socialism is the only solution. In truth, market competition is the answer.