The Human Action Podcast

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Human Action Part Four with Dr. Jeffrey Herbener

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Tags Austrian Economics OverviewMoney and BankingMonopoly and CompetitionPrices

03/27/2020Jeff DeistJeffrey M. Herbener

We dive into Part Four of Human Action with Professor Jeffrey Herbener, Chair of the Economics Department at Grove City College.

This is a fantastic discussion of money and market exchange, with Mises proving timely as ever given the current financial meltdown and crazed response from Washington. Dr. Herbener and Jeff Deist cover catallactics and how imaginary constructs help us understand basic economics; markets as a system of social cooperation; how ordinal preferences find expression in money prices; the structure of production; consumer sovereignty; Mises's conception of monopoly; and the various media of exchange which complicate what ought to be the market's provision of commodity money.

Use the code HAPOD for a discount on Human Action from our bookstore: Mises.org/BuyHA.

Additional Resources

Human Action: Mises.org/HumanAction

Bob Murphy's Study Guide to Human Action: Mises.org/Study

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
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Contact Jeff Deist

Jeff Deist is president of the Mises Institute. He previously worked as chief of staff to Congressman Ron Paul, and as an attorney for private equity clients. Contact: email; twitter.

Contact Jeffrey M. Herbener

Jeffrey Herbener teaches economics at Grove City College and is chairman of the economics department. He is assistant editor of the Quarterly Journal of Austrian Economics.

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