Isaac Newton is best known for his development of mathematics and physics, but he also took a keen interest in economics, especially the relationship of money to economic exchange. He also believed that economic laws, like gravity, were immutable.
Bob walks through diagrams from Hayek's famous LSE lectures to explain the Austrian view of the boom-bust cycle.
Dr. Matt McCaffrey joins Bob to discuss his newly published journal article exploring the dispute Fetter had with the august British economist Alfred Marshall over the theory of rent.
Bob explains how future inflow of extraterrestrial riches could boost the standard of living on Earth in the near term.
In this episode, Murphy clarifies what is right and wrong on comparative advantage.
Bob goes solo to give the historical context and true meaning behind "Say's Law," as well as the caricature presented by Keynesian critics.
If one does not stop in time the pernicious policy of increasing the quantity of money and fiduciary media, the nation's currency system collapses entirely.
What better way to explain the relationship between higher-order and lower-order goods than with food? Here, we look at the falafel sandwich.
Economists use time preference to explain the existence of interest, but the ability of people to postpone some present consumption in order to save for the future has much broader social ramifications.
