Recent Podcast Episodes
Production: Entrepreneurship and Change
Entrepreneurs see the future better than others and go and make money off it. Profits are an index that maladjustments are being met and combatted by the profit-making entrepreneurs. Capital does not beget profits. Only wise entrepreneurial decisions do that.
Production: General Pricing of the Factors
This middle chapter on production theory goes into detail on factor pricing and discounted marginal value product. The way Rothbard developed every aspect of production theory is unique. As the economy becomes more specialized and complex, the importance of this market process becomes greater.
Prices and Consumption
Rothbard's approach to money prices is not as a barter exchange system. Instead, he made money prices the common denominator for all exchange ratios. You can now engage in economic calculation.
Skyscrapers and Business Cycles
Building the world’s tallest building has been a matter of particularly bad timing by entrepreneurs.
1. The Lesson
Leading Austrian Economists discuss Henry Hazlitt's classic book Economics in One Lesson. Interview 1 of 12.
Putting Cartelization Across: The Progressive Line
From The Case Against The Fed (pp. 82-90), as narrated by Floy Lilley.
The New Deal and the Displacement of the Morgans
From The Case Against The Fed (pp. 129-133), as narrated by Floy Lilley.
Origins of the Federal Reserve: The Advent of the National Banking System
From The Case Against The Fed (pp. 70-79), as narrated by Floy Lilley.
Culmination at Jekyll Island
From The Case Against The Fed (pp. 114-118), as narrated by Floy Lilley.
What is the Optimum Quantity of Money?
From The Case Against The Fed (pp. 18-20), as narrated by Floy Lilley.
Problems for the Fractional-Reserve Banker: The Criminal Law
From The Case Against The Fed (pp. 40-45), as narrated by Floy Lilley.
Easing the Limits on Bank Credit Expansion
From The Case Against The Fed (pp. 62-64), as narrated by Floy Lilley.
Putting a Central Bank Across: Manipulating a Movement, 1897-1902
From The Case Against The Fed (pp. 90-106), as narrated by Floy Lilley.