The Origin of Money: Menger vs. Graeber
Bob explains the contributions of Menger and Mises to monetary theory. He then deals with the critique of David Graeber, who argues that the economists' story of the origin of money is bogus.
Bob explains the contributions of Menger and Mises to monetary theory. He then deals with the critique of David Graeber, who argues that the economists' story of the origin of money is bogus.
Ryan and Tho talk about Zuckerberg's recent letter from Congress, Elon Musk's showdown in Brazil, and the growing global hostility from governments towards free speech.
The phrase, old school economics, is often used approvingly by many, but it's rarely explained. What is it?
Dr. Jonathan Newman joins Bob to analyze Kamala Harris's proposals against price gouging, and how some mainstream economists defend Government price controls.
What does this new coalition mean for broader realignment between parties?
Mark discusses the issues of homelessness, poverty, technology, and government in two 1995 episodes of the Star Trek series, Deep Space 9.
Bob quotes from David Ricardo to show that the classical economists understood that utility was essential to explaining market value, but then he also explains why the Marginalist Revolution was a scientific advancement.
Ryan and economist Jonathan Newman look at what happens when governments try to control prices. It turns out bad things happen.
Ryan takes a look at Ludwig von Mises's definition of "democracy" and how democracy only works when mixed with an unlimited right to secession.
Is the United States on the fast track to ruination? Or, could a so-called Democratic Socialist government be a role model for the US?