Recent Podcast Episodes
Introduction to Economics: Part 2
Rothbard continues the Crusoe analogy. He covers subjectivity of value, and the concept of marginal utility.
Introduction to Economics: Part 7
Deficits are equal to expenditures minus taxes. Reagan spoke of cutting government spending, but meant only cutting the rate of growth of government spending. Stagflation appeared in 1957-58. Inflation during a recession was not supposed to happen. It happened again in 1973-75.
27. “The National Income Approach”
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
10. “The Propensity To Consume”: II
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
20. Employment, Money, And Prices
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
1. Why Should We Study History, In the First Place?
The study of U.S. history seen through the lens of economic theory teaches us lessons like: (1) Why did America do so well economically?, (2) Why do we have the problems of war, terrorism, and immigration?, (3) What results from the growth of government?, ...
8. Income, Saving and Investment
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
13. Expectations And Speculation
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
18. The General Theory Restated
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.