Recent Podcast Episodes
Critique of Neoclassical Economics
The differences between the Austrian school and the mainstream begin at the most fundamental level.
The Political Economy of Policing
Moving policing outside of the realm of economic calculation contributes to many of the problems we see.
Mises and Nationalism
At a time when ethnic politics were tearing Europe apart, Ludwig von Mises believed that such ethnic devotion did more harm than good.
Meet the Gadfather
Michael talks with Gad Saad about evolutionary psychology and the market, the mind parasites, and his new book.
Cronyism in America: How the AMA Cartelized the Medical Profession
In the Progressive Era (1897 to 1929) the American Medical Association made an effort to restrict the supply of doctors.
To Smoke or Not to Smoke: The Cigarette Economy in Postwar Germany, 1945–48
Postwar Germany was occupied, in ruins, with an economy in chaos. Germans were reduced to using cigarettes supplied by American GIs as money.
The Theory of Interest
Time is an irreversible flux. Each moment has a unique place in the sequence of moments of time with respect to action.
Minimum Wage
There is no clear basis in economics, ethics, efficiency, or fairness for Minimum Wage Laws.
Calculation and Socialism
In 1920, Ludwig von Mises destroyed the intellectual foundations of the case for socialist central planning.
Measurement in Economics
Karl-Friedrich Israel discusses modern econometrics, utility and welfare economics, and econometrics as a set of descriptive tools.
The Division of Labor and Social Order
"The free market and the division of labor does not promote hyper-atomized individuals. It creates social harmony and community."
Subjective Value and Market Prices
This concept of economic calculation is really the foundation of all economic theory, and price theory is the cornerstone of economic calculation.