Enemy Of The State: Murray Rothbard

Enemy Of The State: Murray Rothbard

Sinopse

Lectures by Austrian Economist and Libertarian, Murray N. Rothbard.Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast based on his free-market approach to economics. Our focus is on education and how advancement in technology improves the living standards of the average person.The Read Rothbard Podcast is all about Maximum Freedom. We look at movies and current events from a Rothbardian Anarchist perspective. If it's voluntary, we're cool with it. If it's not, then it violated the Non-Aggression Principle and Property Rights - the core tenants of Libertarian Theory - and hence - human freedom.Website: http://www.ReadRothbard.comiTunes: https://itunes.apple.com/us/podcast/the-read-rothbard-podcast/id1166745868Google Play Music: https://play.google.com/music/m/Ii45fhytlsiwkw6cbgzbxi6ahmi?t=The_Read_Rothbard_PodcastFacebook: http://www.facebook.com/readrothbardclubFlickr: https://www.flickr.com/gp/145447582@N05/xB4583Patreon: https://www.patreon.com/ReadRothbardPresented by Read Rothbard.Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast based on his free-market approach to economics. Our focus is on education and how advancement in technology improves the living standards of the average person.The Read Rothbard Podcast is all about Maximum Freedom. We look at movies and current events from a Rothbardian Anarchist perspective. If it's voluntary, we're cool with it. If it's not, then it violated the Non-Aggression Principle and Property Rights - the core tenants of Libertarian Theory - and hence - human freedom.Website: http://www.ReadRothbard.comiTunes: https://itunes.apple.com/us/podcast/the-read-rothbard-podcast/id1166745868Google Play Music: https://play.google.com/music/m/Ii45fhytlsiwkw6cbgzbxi6ahmi?t=The_Read_Rothbard_PodcastFacebook: http://www.facebook.com/readrothbardclubFlickr: https://www.flickr.com/gp/145447582@N05/xB4583Patreon: https://www.patreon.com/ReadRothbard

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Episódios

  • Episode 61 - 8. The Future of Libertarianism - Murray N Rothbard
    Episode 61 - 8. The Future of Libertarianism - Murray N Rothbard
    Duração: 01h23min | 01/05/2017

    20th Century American Economic History 8. The Future of Libertarianism Lecture by Murray N. Rothbard Rothbard explains why he is optimistic. The norm of civilization has been despotism and statism. The quantum quality change in history has been the Industrial Revolution from mid-18th Century to mid-19th. Only the free market, libertarian society can expand this viable and moral industrialism. A society without a ruling class results. Peace and a classless society are classical liberal goals. Some individuals seize control of the state apparatus and use taxes to rob the producers. Class conflicts occur because one group in society are tax eaters and the other group are tax payers. Industrialism created so much wealth that cartels and Keynesianism have been able to eat away at the fat. Yet, the cause and effect chain is now much shorter. Shortages resulting from price controls now show up quickly. There is a general revulsion against the state. 8 of 8 from Murray Rothbard's 20th Century American Economic

  • Episode 60 - 7. The New Deal and the Post War International Monetary System - Murray N Rothbard
    Episode 60 - 7. The New Deal and the Post War International Monetary System - Murray N Rothbard
    Duração: 01h24min | 23/04/2017

    20th Century American Economic History 7. The New Deal and the Post War International Monetary System Lecture by Murray N. Rothbard The World Economic Conference of 1933 in London met to deal with America's Great Depression, but, without consulting anyone, FDR declared that the U.S. would not agree to the proposal because he wanted to take the U.S. off the gold standard in order to inflate the dollar. The gold-supporting British and French were horrified; Nazi Germany was delighted. Hitler loved FDR's New Deal. Morgan men continued to hold power positions internationally, creating worldwide inflation. By 1945, Bretton Woods had established the rules for post-war international monetary management. On 15 August 1971, the U.S. brought this system to an end, rendering the dollar a fiat currency. 7 of 8 from Murray Rothbard's 20th Century American Economic History lecture series. Sourced from: https://mises.org/library/20th-century-american-economic-history We are not endorsed or affiliated with the abov

  • Episode 59 - 6. The Inflationary Boom of the 1920s (continued) - Murray N Rothbard
    Episode 59 - 6. The Inflationary Boom of the 1920s (continued) - Murray N Rothbard
    Duração: 01h04min | 17/04/2017

    20th Century American Economic History 6. The Inflationary Boom of the 1920s (continued) Lecture by Murray N. Rothbard Republican policy has always been high tariffs, keeping foreign goods out. But, then the US would lend those countries money to be able to pay for our higher-priced exports. This peculiar foreign-lending scheme included farm goods. Until 1928 there was an enormous foreign lending boom. The stock market collapsed in October 1929. The Federal Reserve Act of 1913 was for inflationary purposes. The banks endorsed acceptance markets for awhile. Morgan men continued to push price stabilization, yet prices in free markets actually fall, benefiting consumers. In 1929 when prices were falling, corporate bigshots wanted prices pushed back up. The entire banking system was toppling by 1933. It should have been allowed to topple, says Rothbard. The European currencies waged war against each other when everybody was off the gold standard. The League of Nations was to get the US off the gold standard

  • Episode 58 - 5 . The Inflationary Boom of the 1920s - Murray N Rothbard
    Episode 58 - 5 . The Inflationary Boom of the 1920s - Murray N Rothbard
    Duração: 01h07min | 09/04/2017

    20th Century American Economic History 5 . The Inflationary Boom of the 1920s Lecture by Murray N. Rothbard The Industrial Revolution and the development of the modern banking system were the two big things that happened in the Eighteenth Century in Britain. Why does the boom-bust cycle emerge? Is the cycle just a natural part of industry, or is it caused by the banking system? The Austrian explanation of expanded bank credit not based upon private pools of savings is sound, unlike the Keynesian explanations of overproduction or under consumption. Inflation is an increase in the money supply. 5 of 8 from Murray Rothbard's 20th Century American Economic History lecture series. Sourced from: https://mises.org/library/20th-century-american-economic-history We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by: Read Rothbard and Actual Anarchy Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N.

  • Episode 57 - 4. The Progressive Era Triple Alliance: Government as Cartelizer (continued) - Murray N Rothbard
    Episode 57 - 4. The Progressive Era Triple Alliance: Government as Cartelizer (continued) - Murray N Rothbard
    Duração: 01h06min | 03/04/2017

    20th Century American Economic History 4. The Progressive Era Triple Alliance: Government as Cartelizer continued Lecture by Murray N. Rothbard The state must invest in human beings the same way you invest in cattle on a farm. This progressive corporatist view was behind the creation of the Rockefeller Foundation. Industrial solutions were to be strictly scientific, e.g. minimum wage laws, public works, and government concentration camps (CCC). The Federal Reserve system followed the national banking system. The free banking system had had the least inflation. Government has had a long history of bailing out big banks that might fail. Benjamin Strong was the head of the Federal Reserve system throughout his life. He was a Morgan man. The Fed had the monopoly to issue cash. Puritanism is the haunting fear that somebody somewhere might be happy. Prohibition was just part of the progressive platforms. 4 of 8 from Murray Rothbard's 20th Century American Economic History lecture series. Sourced from: htt

  • Episode 56 - 3. The Progressive Era Triple Alliance: Government as Cartelizer - Murray N Rothbard
    Episode 56 - 3. The Progressive Era Triple Alliance: Government as Cartelizer - Murray N Rothbard
    Duração: 01h27min | 27/03/2017

    20th Century American Economic History 3. The Progressive Era Triple Alliance: Government as Cartelizer Lecture by Murray N. Rothbard The progressive period birthed the cancerous growth of the welfare/warfare state, fake capitalism, the middle way, neomercantilism, and the corporate state. Morgan and Rockefeller men warred with each other over many issues and many generations. Effective competition was attacked as government attempted to cartellize business. 3 of 8 from Murray Rothbard's 20th Century American Economic History lecture series. Sourced from: https://mises.org/library/20th-century-american-economic-history We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by: Read Rothbard and Actual Anarchy Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast

  • Episode 55 - 2. The Rise of Big Business: The Failure of Trusts and Cartels continued Murray N Rothbard
    Episode 55 - 2. The Rise of Big Business: The Failure of Trusts and Cartels continued Murray N Rothbard
    Duração: 51min | 20/03/2017

    20th Century American Economic History 2. The Rise of Big Business: The Failure of Trusts and Cartels continued Lecture by Murray N. Rothbard Despite the drive for monopoly, only oil, sugar and corn products ended up dominated by a particular company. Bigger was not better. Biggest was not best. Smaller and more mobile was more competitive. Major inventions are still coming from small firms. 2 of 8 from Murray Rothbard's 20th Century American Economic History lecture series. Sourced from: https://mises.org/library/20th-century-american-economic-history We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by: Read Rothbard and Actual Anarchy Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast based on his free-market approach to economics. Our focus is on educ

  • Episode 54 - 1. The Rise of Big Business: The Failure of Trusts and Cartels - Murray N Rothbard
    Episode 54 - 1. The Rise of Big Business: The Failure of Trusts and Cartels - Murray N Rothbard
    Duração: 57min | 13/03/2017

    20th Century American Economic History 1. The Rise of Big Business: The Failure of Trusts and Cartels Lecture by Murray N. Rothbard In the 19th Century and the beginning of the 20th, the rise of big business on the free market could not create monopolies and cartels. Only government could do that. Government tried. Government failed. 1 of 8 from Murray Rothbard's 20th Century American Economic History lecture series. Sourced from: https://mises.org/library/20th-century-american-economic-history We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by: Read Rothbard and Actual Anarchy Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast based on his free-market approach to economics. Our focus is on education and how advancement in technology improves the living

  • Episode 53 - American Economy and the End of Laissez-Faire - 13 of 13 - Politics and the Power Elite
    Episode 53 - American Economy and the End of Laissez-Faire - 13 of 13 - Politics and the Power Elite
    Duração: 52min | 18/02/2017

    The American Economy and the End of Laissez-Faire: 1870 to World War II 13. Politics and the Power Elite Lecture by Murray N. Rothbard With WWII, Morgans get their war in Europe; Rockefellers get their war in Asia. Both sides are happy. Rockefellers take over foreign relations and create the Trilateral Commission, while electing Carter President in 1977. Coolidge had an entire Morgan cabinet. More Morgan men under Roosevelt. Central banks were set up in each country. Deliberate inflation prevented the loss of gold from certain countries. Hoover was the first New Dealer. Roosevelt in 1932 simply expanded it. The National Recovery Association was a creation of the Hyde Park group. The Roosevelts were closely connected to the wealthy Astors. Rockefeller men began replacing Morgan men. The Harrimans were connected to these power elites,running banking interests. Kuhn, Loeb & Co., Goldman Sachs and Lehman Brothers took over investment banking. Major differences are now between the Eastern establishment (cultured

  • Episode 52 - American Economy and the End of Laissez-Faire - 12 of 13 - The Great Cooperation
    Episode 52 - American Economy and the End of Laissez-Faire - 12 of 13 - The Great Cooperation
    Duração: 01h29min | 16/02/2017

    The American Economy and the End of Laissez-Faire: 1870 to World War II 12. The Great Cooperation Lecture by Murray N. Rothbard Public housing, planned cities, government power plants, and coerced unionism were all part of the great cooperation between corporations and government through WWI and WWII.  Milton Friedman proposed the withholding tax in WWII. Statistics came into being. Cartels were created to manage many industries, e.g. railroads and food. Unions were pro-war forces. Fascism was considered great. Civil liberties were dropped. Coolidge continued as a Morgan man. Lecture 12 of 13 presented in Fall of 1986 at the New York Polytechnic University. This lecture on YouTube: https://youtu.be/VIaOuSt13v0 Sourced from: https://mises.org/library/american-economy-and-end-laissez-faire-1870-world-war-ii We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by: Read Rothbard is comprised of a small group of voluntaryists who are

  • Episode 51 - American Economy and the End of Laissez-Faire - 11 of 13 - Woodrow Wilson and World War I
    Episode 51 - American Economy and the End of Laissez-Faire - 11 of 13 - Woodrow Wilson and World War I
    Duração: 01h27min | 14/02/2017

    The American Economy and the End of Laissez-Faire: 1870 to World War II 11. Woodrow Wilson and World War I Lecture by Murray N. Rothbard Where did Benjamin Strong - head of the Fed - come from? Rothbard continues to reveal the individuals who shaped our world and wars. Morgan's empire brought us the irrational and useless WWI. Foreign policy today rests upon this Morgan outlook. The Versailles Treaty was a harsh thoughtless division of lands and economies. Many powerful politicians get their start under Wilson. Roosevelt and Hoover were both progressive Wilsonians. 1913 gave us the Fed and the income tax. Lecture 11 of 13 presented in Fall of 1986 at the New York Polytechnic University. This lecture on YouTube: https://youtu.be/JmZ5Lcad3Mk Sourced from: https://mises.org/library/american-economy-and-end-laissez-faire-1870-world-war-ii We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by: Read Rothbard is comprised of a smal

  • Episode 50 - American Economy and the End of Laissez-Faire - 10 of 13 - Cartelization of Banking: The Fed
    Episode 50 - American Economy and the End of Laissez-Faire - 10 of 13 - Cartelization of Banking: The Fed
    Duração: 01h27min | 11/02/2017

    The American Economy and the End of Laissez-Faire: 1870 to World War II 10. Cartelization of Banking: The Fed Lecture by Murray N. Rothbard Bernard Baruch ran WWI as an absolute collectivist controller. The Federal Reserve was created in 1913 by Morgan men to cartelize the banking system and limit competition. Production and prices were regulated via the corporate state. Morgan men wrote the FTC- Federal Trade Commission Act. Progressive means statist and corporatist. The New Republic, a proto fascist magazine- appeared. Banks create fake warehouse on-demand receipts. One was a note, but the more sophisticated way was by having open-book accounts by which you have a demand deposit, not a bank note. The check is a transfer order and the temptation for counterfeiting fake warehouse receipts was great. This is fractional reserve banking. Rothbard thinks it is fraud. It increases the money supply in an inflationary manner by creating money out of thin air. All banks are technically insolvent. The Central bank

  • Episode 49 - American Economy and the End of Laissez-Faire - 9 of 13 - The Progressive Era
    Episode 49 - American Economy and the End of Laissez-Faire - 9 of 13 - The Progressive Era
    Duração: 01h27min | 09/02/2017

    The American Economy and the End of Laissez-Faire: 1870 to World War II 9. The Progressive Era? Lecture by Murray N. Rothbard Progressive movement came in in 1900 to eliminate political parties. Technocrats and bureaucrats take over political power. Rural versus urban. Eliminate mayors, eliminate voting altogether, have appointed bureaucrats only. Nationalize public school system so costs could be socialized, like getting the public schools to teach Spanish. Children can all be part of a collective, without parental influence. Control shifted from ethnic working class small communities to upper class WASPS. Only synthetic drugs remained legal in medicine. Rockefeller Institute backed it. Homeopathy was outlawed. Hospitals overused fancy equipment and cared about just the doctors not the patients. The Progressive party was created by JP Morgan interests. Lecture 9 of 13 presented in Fall of 1986 at the New York Polytechnic University. This lecture on YouTube: https://youtu.be/8EW_jPJzEK4 Sourced from:

  • Episode 48 - American Economy and the End of Laissez-Faire - 8 of 13 - Regulation and Public Utilities
    Episode 48 - American Economy and the End of Laissez-Faire - 8 of 13 - Regulation and Public Utilities
    Duração: 02h56s | 07/02/2017

    The American Economy and the End of Laissez-Faire: 1870 to World War II 8. Regulation and Public Utilities Lecture by Murray N. Rothbard State dominated cartels used intellectuals as apologists for the government. Big unionism was to transmit orders to the working class. Public utilities were government monopolies for fifty year terms, run without any checks by the public. It is the function of government to run everything. Regulation was rampant, e.g. prohibition. Social workers wanted to abolish the saloons. German brewers were suspect of weakening soldiers. Constitutional amendment outlawed liquor. Lecture 8 of 13 presented in Fall of 1986 at the New York Polytechnic University. This lecture on YouTube: https://youtu.be/p09wxsT3g5o Sourced from: https://mises.org/library/american-economy-and-end-laissez-faire-1870-world-war-ii We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by: Read Rothbard is comprised of a small group

  • Episode 47 - American Economy and the End of Laissez-Faire - 7 of 13 - Theodore Roosevelt Master Reformer
    Episode 47 - American Economy and the End of Laissez-Faire - 7 of 13 - Theodore Roosevelt Master Reformer
    Duração: 01h02min | 04/02/2017

    The American Economy and the End of Laissez-Faire: 1870 to World War II 7. Theodore Roosevelt: Master Reformer Lecture by Murray N. Rothbard Assassinations in American are only by lone nuts. No one who benefits is ever suspected, like Lyndon Johnson. The progressive period saw a re-alliance of church and state - secularized extreme Pietism (Protestant sects) with government as savior by intervening in markets. Meat packing regulations and the Sugar Trust under Teddy Roosevelt, passed in June 1906. The myth was that the meat was diseased and people were dying of it. That was false. The big meat packers were asking for regulations because they wanted to sue their small competitors. The Pure Food and Drug Act was a prototype for the whole progressive movement toward purity of body, mind and soul. Adulteration only meant any change in the name of the sugar chemistry. Lecture 7 of 13 presented in Fall of 1986 at the New York Polytechnic University. This lecture on YouTube: https://youtu.be/IaxuwpUpKeA Source

  • Episode 46 - American Economy and the End of Laissez-Faire - 6 of 13 - Tariffs, Inflation, Anti Trust and Cartels
    Episode 46 - American Economy and the End of Laissez-Faire - 6 of 13 - Tariffs, Inflation, Anti Trust and Cartels
    Duração: 02h47min | 02/02/2017

    The American Economy and the End of Laissez-Faire: 1870 to World War II 6. Tariffs, Inflation, Anti-Trust and Cartels Lecture by Murray N. Rothbard The Sherman Act outlawed restraint of trade. The Clayton Act added to that. Anti-Trust hysteria came in the 1940-50s. Whatever you did would be considered monopolistic. The charges didn't come from consumers, they came from whining competitors. It was government-enforced blackmail. The US leather industry was put out of business. The corn starch industry was put out of business. Retail cartels, enforced by the government, imposed artificially higher prices on products. It was the welfare state in action. Claims of economic privilege were whipped up by racial and ethnic claims. Teddy Roosevelt is my least favorite person. He liked killing. Lecture 6 of 13 presented in Fall of 1986 at the New York Polytechnic University. This lecture on YouTube: https://youtu.be/-Ine69dwMz4 Sourced from: https://mises.org/library/american-economy-and-end-laissez-faire-1870-w

  • Episode 45 - American Economy and the End of Laissez-Faire - 5 of 13 - Pietism and the Power Brokers
    Episode 45 - American Economy and the End of Laissez-Faire - 5 of 13 - Pietism and the Power Brokers
    Duração: 02h13min | 31/01/2017

    The American Economy and the End of Laissez-Faire: 1870 to World War II 5. Pietism and the Power Brokers Lecture by Murray N. Rothbard When pietists shift to the Republican party, they form the progressive movement of 1900-1920. Rockefeller- McKinley forms alliances with power brokers like Kuhn, Loeb & Co., and Harriman (versus the Morgans). Teddy Roosevelt (Oyster Bay wing of the family) was financially in with the Morgans. The Panama Canal caper included a fake revolution in Panama in order to give more U.S. money to the French canal company, whose shares were owned by a Morgan group. In industry, iron and steel found double protection through tariffs and greenback inflation. Morgan tried to establish cartels, but failed. The iron and steel companies then turned to government to do it for them- a progressive move. Lecture 5 of 13 presented in Fall of 1986 at the New York Polytechnic University. This lecture on YouTube: https://youtu.be/2K2u82fMXE8 Sourced from: https://mises.org/library/american-ec

  • Episode 44 - American Economy and the End of Laissez-Faire - 4 of 13 - The Rise and Fall of Monopolie
    Episode 44 - American Economy and the End of Laissez-Faire - 4 of 13 - The Rise and Fall of Monopolie
    Duração: 02h03min | 28/01/2017

    The American Economy and the End of Laissez-Faire: 1870 to World War II 4. The Rise and Fall of Monopolies Lecture by Murray N. Rothbard Petroleum entered the industrial scene in 1859 with John D. Rockefeller's hard work. As the first manufacturing corporation, Standard Oil created a monopoly in kerosene refining by buying others out. A huge drop in the price of fuel followed, benefiting consumers, due to production efficiencies. Rothbard, then, discusses pietists, prohibitionists and the big political shift of 1896. Pietists, prohibitionists, anti-immigrationists, and women suffragettes had made a big Republican drive before 1890. But then a big, sudden shift in politics occurred, with Democrats capturing the big Midwest states, due to demographics of Germans, higher birth rates, anti-prohibitionists, and hard money standards. After this, the Republican party got more moderate and the  Democratic party got captured by extreme pietists in 1896. The South became a fully Democratic region. The Panic of 1893

  • Episode 43 - American Economy and the End of Laissez-Faire - 3 of 13 - The Decline of Laissez-Faire
    Episode 43 - American Economy and the End of Laissez-Faire - 3 of 13 - The Decline of Laissez-Faire
    Duração: 02h04min | 26/01/2017

    The American Economy and the End of Laissez-Faire: 1870 to World War II 3. The Decline of Laissez-Faire Lecture by Murray N. Rothbard Economics is a constant fight between the market and the government. The railroad cartel did not work against the free market even with ideal conditions. Airlines were tightly regulated until the small airlines began to compete in quality. Deregulation followed. Cleveland deviated from laissez-faire because of Morgan interests. After the Civil War, manufacturing thrived - our own Industrial Revolution was underway. Prices fell. Savings rose. Capitalists owned the machinery so the workers no longer had to. The factory system enormously increased productivity. Corporations are legitimate as libertarian entities. Industry made petroleum a natural resource. Lecture 3 of 13 presented in Fall of 1986 at the New York Polytechnic University. This lecture on YouTube: https://youtu.be/eHmu2nQ7fu8 Sourced from: https://mises.org/library/american-economy-and-end-laissez-faire-1870

  • Episode 42 - American Economy and the End of Laissez-Faire - 2 of 13 - The Railroading of the American People
    Episode 42 - American Economy and the End of Laissez-Faire - 2 of 13 - The Railroading of the American People
    Duração: 02h32min | 24/01/2017

    The American Economy and the End of Laissez-Faire: 1870 to World War II 2. The Railroading of the American People Lecture by Murray N. Rothbard The railroads experienced both enormous growth and enormous government intervention. Land was closed off from settlement, causing farmers to oppose the privileged railroads. Markets were skewed. Waste and inefficiencies were high. Graft and corruption were rampant. Only the Great Northern by James Hill was built with private monies. It became the of the few transcontinental railroads not to go bankrupt. Lecture 2 of 13 presented in Fall of 1986 at the New York Polytechnic University. This lecture on YouTube: https://youtu.be/EypkF60gW_4 Sourced from: https://mises.org/library/american-economy-and-end-laissez-faire-1870-world-war-ii We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by: Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We c

  • Episode 41 - American Economy and the End of Laissez-Faire - 1 of 13 - The Civil War and Its Legacy - Murray N. Rothbard
    Episode 41 - American Economy and the End of Laissez-Faire - 1 of 13 - The Civil War and Its Legacy - Murray N. Rothbard
    Duração: 02h55min | 21/01/2017

    The American Economy and the End of Laissez-Faire: 1870 to World War II 1. The Civil War and Its Legacy Lecture by Murray N. Rothbard How does government intervene in the economy? What are the consequences? What are the motivations behind passing these interventions? The lives of the people involved explain why they do these things. Rothbard delves into the religious views of the leaders in American history to understand motivations. Schools, drink, and Sabbath laws were the focus of Yankees in Northern states for ninety years.   Lecture 1 of 13 presented in Fall of 1986 at the New York Polytechnic University. This lecture on YouTube: https://youtu.be/BWpOPpsYizs Sourced from: https://mises.org/library/american-economy-and-end-laissez-faire-1870-world-war-ii We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by: Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on

  • Episode 40 - History of Economic Thought - 6 of 6 - Hayek and His Lamentable Contemporaries - Murray N Rothbard
    Episode 40 - History of Economic Thought - 6 of 6 - Hayek and His Lamentable Contemporaries - Murray N Rothbard
    Duração: 01h07min | 19/01/2017

    Murray Rothbard died before he could write the third volume of his famous History of Economic Thought, which would cover the birth and development of the Austrian School, through the Keynesian Revolution and Chicago School. With this six-lecture course, however, the History of Economic Thought is complete. 6. Hayek and His Lamentable Contemporaries The Nobel award to F.A. Hayek in 1974 went directly against the tradition of that prize to go only to mathematical forecasters, left-liberals, and government central planners. Not only was Hayek’s work pioneering, but it is also the only correct analysis of business cycles past, present and future since they began in the mid-18th century. Initially, various economists concluded that the boom-bust cycle must be deeply rooted within the free market industrial capitalist system. The blame must rest with free market capitalism, said Marx and Keynes. Government spending was to make up for some depression in the private sector. Too little spending created unemploymen

  • Episode 39 - History of Economic Thought - 5 of 6 - Mises and Austrian Economics - Murray N Rothbard
    Episode 39 - History of Economic Thought - 5 of 6 - Mises and Austrian Economics - Murray N Rothbard
    Duração: 56min | 17/01/2017

    Murray Rothbard died before he could write the third volume of his famous History of Economic Thought, which would cover the birth and development of the Austrian School, through the Keynesian Revolution and Chicago School. With this six-lecture course, however, the History of Economic Thought is complete. 5. Mises and Austrian Economics The essence of Austrian economics is based on the analysis of individual action. In other words, it is about individuals doing things, having purposes and goals and pursuing them. Other schools of economics deal with aggregates, groups, classes, wholes of one sort or another, without focusing on the individual first and building up from there. Austrian economics builds on an earlier French and Italian tradition, really beginning with the Spanish scholastics in the 16th century, and then proceeding on in France with Cantillion and Turgot in the 18th century. Economics not only predated Smith by several centuries, but also was much better than Smith. It seems not to be an

  • Episode 38 - History of Economic Thought - 4 of 6 - Menger and Böhm-Bawerk - Murray N Rothbard
    Episode 38 - History of Economic Thought - 4 of 6 - Menger and Böhm-Bawerk - Murray N Rothbard
    Duração: 01h11min | 14/01/2017

    Murray Rothbard died before he could write the third volume of his famous History of Economic Thought, which would cover the birth and development of the Austrian School, through the Keynesian Revolution and Chicago School. With this six-lecture course, however, the History of Economic Thought is complete. 4. Menger and Böhm-Bawerk Carl Menger, 1840-1921, founded Austrian economics. Eugen von Bohm-Bawerk was the most important student. Weiser was his brother-in-law, but was fairly pre-Keynesian. Mises was the great successor to Bohn-Bawerk. With Adam Smith, and with especially Riccardo, we shift toward the theory which still plagues us to the present day – namely that the real determinant of value, of prices, is not consumer subjective utility, but objective labor pain – labor toil. Menger in Austria, Jevons in England, and Walras in Switzerland created the Austrian discussion of marginalism. Menger brought back the scholastic tradition, the praxeological method of focus on individual action, entrepren

  • Episode 37 - History of Economic Thought - 3 of 6 - The Pre Austrians - Murray N Rothbard
    Episode 37 - History of Economic Thought - 3 of 6 - The Pre Austrians - Murray N Rothbard
    Duração: 01h11min | 12/01/2017

    Murray Rothbard died before he could write the third volume of his famous History of Economic Thought, which would cover the birth and development of the Austrian School, through the Keynesian Revolution and Chicago School. With this six-lecture course, however, the History of Economic Thought is complete. 3. The Pre Austrians Richard Cantillon was quite Misesian before Mises. He wrote of utility theory and the entrepreneur’s uncertainty in the 1970s. Cantillon was a great money practitioner. He became a bank and banker to the Jacobite Stuart line and to John Law who launched paper money inflation. Turgot became finance minister in 1774, but laissez-faire ideas failed. Turgot was Rothbard’s favorite character in the history of thought. He wrote well under time pressure. He wrote of wealth and capital theory and even of Austrian time preference theory and the law of diminishing returns. Cantillon and Turgot preceded Adam Smith, but were not mentioned by Smith. Smith made waste and rubbish of 2,000 years o

  • Episode 36 - History of Economic Thought - 2 of 6 - The Emergence of Communism - Murray N Rothbard
    Episode 36 - History of Economic Thought - 2 of 6 - The Emergence of Communism - Murray N Rothbard
    Duração: 01h11min | 10/01/2017

    Murray Rothbard died before he could write the third volume of his famous History of Economic Thought, which would cover the birth and development of the Austrian School, through the Keynesian Revolution and Chicago School. With this six-lecture course, however, the History of Economic Thought is complete. 2. The Emergence of Communism The roots of Marxism were in messianic communism. Marx’s devotion to communism was his crucial point. Violent, worldwide revolution, in Marx’s version made by the oppressed proletariat, would be the instrument of the advent of his millennium, communism. All visions of communism include certain features. Private property is eliminated, individualism goes by the board, individuality is flattened, all property is owned and controlled communally, and the individual units of the new collective organism are in some vague way equal to one another. Marx’s portrayal of raw communism is very like the monstrous regimes imposed by the coercive Anabaptists of the sixteenth century. Ma

  • Episode 35 - History of Economic Thought - 1 of 6 - Ideology and Theories of History - Murray N Rothbard
    Episode 35 - History of Economic Thought - 1 of 6 - Ideology and Theories of History - Murray N Rothbard
    Duração: 01h06min | 07/01/2017

    Murray Rothbard died before he could write the third volume of his famous History of Economic Thought, which would cover the birth and development of the Austrian School, through the Keynesian Revolution and Chicago School. With this six-lecture course, however, the History of Economic Thought is complete. 1. Ideology and Theories of History History is not an inevitable march upward, as concluded in the 1830s. That determinist view put the stamp of approval on everything past and present. It permeates economic history. It ignores the great moral choices. History is a race between state power and social power. The Whig theory of history implied that you do not lose any knowledge. It always just builds. Yet that is not true for history, science, or economics. Economics collapsed with Adam Smith. Most economists denied the role of price in determining cost. Few understood time preference. Rothbard thinks Hegel is a nut. The first in a series of six lectures on the History of Economic Thought. Sourced from

  • Episode 34 - Introduction to Microeconomics - 14 of 14 Interest Rates and Course Review - Murray N Rothbard
    Episode 34 - Introduction to Microeconomics - 14 of 14 Interest Rates and Course Review - Murray N Rothbard
    Duração: 01h01min | 05/01/2017

    INTRODUCTION TO MICROECONOMICS Presented by Murray N. Rothbard in 1986 at New York Polytechnic University. Recorded by Hans-Hermann Hoppe. 14. Intro to Micro: Interest Rates and Course Review The time market determines the pure rate of interest. Price per unit of time may be wages or rent. The interest income will be earned by the capitalist who has assumed the task of advancing present money. The capitalist then waits for five years until the product matures before recouping his money. Part 14 of 14. Presented in 1986 at New York Polytechnic University. This lecture on YouTube: https://youtu.be/0gXHFLWN4UE Sourced from: https://mises.org/library/introduction-microeconomics We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches

  • Episode 33 - Introduction to Microeconomics - 13 of 14 - The Labor Market - Murray N Rothbard
    Episode 33 - Introduction to Microeconomics - 13 of 14 - The Labor Market - Murray N Rothbard
    Duração: 33min | 04/01/2017

    INTRODUCTION TO MICROECONOMICS Presented by Murray N. Rothbard in 1986 at New York Polytechnic University. Recorded by Hans-Hermann Hoppe. 13. Intro to Micro: The Labor Market Economists can say little about population and its size, despite the gloomy views of Malthus. More people are a good thing because of the division of labor. Living standards are higher when populations are higher. Living standards are higher when populations are denser. When people voluntarily reduce births, average population age rises. Many of the poorest areas of the world are low density, e.g. Africa and interior Brazil. Part 13 of 14. Presented in 1986 at New York Polytechnic University. This lecture on YouTube: https://youtu.be/RCE-ZJtfv8M Sourced from: https://mises.org/library/introduction-microeconomics We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read Rothbard is comprised of a small group of voluntaryists who are fans of Mur

  • Episode 32 - Introduction to Microeconomics - 12 of 14 - Labor and Unions - Murray N Rothbard
    Episode 32 - Introduction to Microeconomics - 12 of 14 - Labor and Unions - Murray N Rothbard
    Duração: 01h27min | 29/12/2016

    INTRODUCTION TO MICROECONOMICS Presented by Murray N. Rothbard in 1986 at New York Polytechnic University. Recorded by Hans-Hermann Hoppe. (*Note - This episode was previously posted as: Episode 16 - Economics 101 - 5 of 8 - Labor and Unions - Murray N Rothbard) 12. Intro to Micro: Labor and Unions In order for anyone to make ethical judgments, he must know the consequences of his various actions. In questions of union actions displacement or unemployment for oneself or others will be considered unfortunate by most people. Once understood, far fewer people will be prounion or hostile to nonunion competitors. Unions lower the marginal productivity of all union workers. Part 12 of 14. Presented in 1986 at New York Polytechnic University. This lecture on YouTube: https://youtu.be/530ZghSuOwI Sourced from: https://mises.org/library/introduction-microeconomics We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read

  • Episode 31 - Introduction to Microeconomics - 11 of 14 - The Structure of Production - Murray N Rothbard
    Episode 31 - Introduction to Microeconomics - 11 of 14 - The Structure of Production - Murray N Rothbard
    Duração: 59min | 22/12/2016

    INTRODUCTION TO MICROECONOMICS Presented by Murray N. Rothbard in 1986 at New York Polytechnic University. Recorded by Hans-Hermann Hoppe. 11. Intro to Micro: The Structure of Production As factors of production, supply and demand of labor, land and capital will determine how much the producer will get out of this process. This process occurs in different stages. In the earlier or higher stages, producers' goods must be produced that will later cooperate in producing other producers' goods that will finally co-operate in producing the desired consumers' goods. The consumers' good is valued because it is consumed - directly satisfying man's ends. Part 11 of 14. Presented in 1986 at New York Polytechnic University. This lecture on YouTube: https://youtu.be/1C_bTJCQ7Vc Sourced from: https://mises.org/library/introduction-microeconomics We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read Rothbard is comprised of

  • Episode 30 - Introduction to Microeconomics - 10 of 14 - Government Cartels - Murray N Rothbard
    Episode 30 - Introduction to Microeconomics - 10 of 14 - Government Cartels - Murray N Rothbard
    Duração: 58min | 21/12/2016

    INTRODUCTION TO MICROECONOMICS Presented by Murray N. Rothbard in 1986 at New York Polytechnic University. Recorded by Hans-Hermann Hoppe. 10. Intro to Micro: Government Cartels The only cartels that have lasted have been government cartels. There is no essential difference between a cartel and an ordinary corporation or partnership. Not even the De Beers cartel is all powerful. The South African government nationalizes all land upon which diamonds are discovered. The government only licenses De Beers to work the mines; they shoot others. New York cabs are cartels. Farm price supports are cartelized agriculture. Part 10 of 14. Presented in 1986 at New York Polytechnic University. This lecture on YouTube: https://youtu.be/O8mTa7jRfP0 Sourced from: https://mises.org/library/introduction-microeconomics We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read Rothbard is comprised of a small group of voluntaryists who

  • Episode 29 - Introduction to Microeconomics - 9 of 14 - Monopoly and Competition - Murray N Rothbard
    Episode 29 - Introduction to Microeconomics - 9 of 14 - Monopoly and Competition - Murray N Rothbard
    Duração: 56min | 21/12/2016

    INTRODUCTION TO MICROECONOMICS Presented by Murray N. Rothbard in 1986 at New York Polytechnic University. Recorded by Hans-Hermann Hoppe. 9. Intro to Micro: Monopoly and Competition The words monopoly and competition have been changed. Competition meant rivalry or competing, either active or potential. Businesses do not like this. Monopoly meant a grant of privilege by the government. It now means a falling demand curve. Government creates crazy regulations and the market works to get around them. Cheaper consumer products are better. It's difficult to sustain quotas - cartel agreements; everybody cheats. Cartels break up in the free market unless government intervenes and props them up. Part 9 of 14. Presented in 1986 at New York Polytechnic University. This lecture on YouTube: https://youtu.be/uNcUGp0E3BY Sourced from: https://mises.org/library/introduction-microeconomics We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Rea

  • Episode 28 - Introduction to Microeconomics - 8 of 14 - The Firm - Murray N Rothbard
    Episode 28 - Introduction to Microeconomics - 8 of 14 - The Firm - Murray N Rothbard
    Duração: 52min | 19/12/2016

    INTRODUCTION TO MICROECONOMICS Presented by Murray N. Rothbard in 1986 at New York Polytechnic University. Recorded by Hans-Hermann Hoppe. 8. Intro to Micro: The Firm Business men must make sure they can cover their costs by incoming revenue. The production function will yield a certain quantity of a product. The firm considers marginal costs and average costs to weigh where along the demand curve production is. Average revenues less average costs multiplied by quantity will reflect profits (or losses) for the firm. Every firm (not industry) will always be where the demand curve is elastic. Perfect and pure competition is where the demand curve for the firm is infinitely elastic - horizontal. Real life has falling demand curves. Everybody becomes a monopolist. The anti-trust movement was meant to purify competition. Monopoly had always meant government grants of privilege to certain industries. But now means falling demand curve - that's everybody. Part 8 of 14. Presented in 1986 at New York Polytechnic U

  • Episode 27 - Introduction to Microeconomics - 7 of 14 - The Theory of the Firm - Murray N Rothbard
    Episode 27 - Introduction to Microeconomics - 7 of 14 - The Theory of the Firm - Murray N Rothbard
    Duração: 01h16min | 18/12/2016

    INTRODUCTION TO MICROECONOMICS Presented by Murray N. Rothbard in 1986 at New York Polytechnic University. Recorded by Hans-Hermann Hoppe. 7. Intro to Micro: Mid-Term Review and The Theory of the Firm The objective of the corporate firm is to maximize profits and avoid losses - the same objective of the free market. But the costs are paid out before the income comes in. Stockholders will sell stock to shake up the managers. Government firms - agencies - do not have shareholders and there are no shares to be sold. Part 7 of 14. Presented in 1986 at New York Polytechnic University. This lecture on YouTube: https://youtu.be/quw-oGxjNJs Sourced from: https://mises.org/library/introduction-microeconomics We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, le

  • Episode 26 - Introduction to Microeconomics - 6 of 14 - Government Licensing and Minimum Wage - Murray N Rothbard
    Episode 26 - Introduction to Microeconomics - 6 of 14 - Government Licensing and Minimum Wage - Murray N Rothbard
    Duração: 01h01min | 16/12/2016

    INTRODUCTION TO MICROECONOMICS Presented by Murray N. Rothbard in 1986 at New York Polytechnic University. Recorded by Hans-Hermann Hoppe. 6. Intro to Micro: Government Licensing of Industry and Minimum Wage The peanut butter crunch was in 1980. Crop acreage and production was cut down by 45% by government price support, import quotas, and cartelizing of the industry. The price of peanuts more than tripled. Farm price supports also keep cheese prices above market levels. The minimum wage law imposes a wage above the laborer's discounted marginal value product. The supply of labor exceeds the demand, and the unsold surplus of labor services means involuntary mass unemployment. Low paid workers are screwed by minimum wage laws. Part 6 of 14. Presented in 1986 at New York Polytechnic University. This lecture on YouTube: https://youtu.be/BvBMUxiIhCk Sourced from: https://mises.org/library/introduction-microeconomics We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-

  • Episode 25 - Introduction to Microeconomics - 5 of 14 - Minimum Price Controls - Murray N Rothbard
    Episode 25 - Introduction to Microeconomics - 5 of 14 - Minimum Price Controls - Murray N Rothbard
    Duração: 43min | 15/12/2016

    INTRODUCTION TO MICROECONOMICS Presented by Murray N. Rothbard in 1986 at New York Polytechnic University. Recorded by Hans-Hermann Hoppe. 5. Intro to Micro: Minimum Price Controls Thou shalt not sell a certain product or service below a certain price, e.g. wheat, cotton, corn, cheese, sugar. This will result in an artificial unsold permanent surplus, as it does in the American farm situation. Initially resources are attracted into the field, but the artificially high price discourages buyer demand. This kind of interventionary tampering with market signals destroys the market tendency to adjustment and brings about losses and misallocation of resources in satisfying consumer wants.The principles of minimum price controls apply to minimum wage laws, which lead to involuntary mass unemployment. Part 5 of 14. Presented in 1986 at New York Polytechnic University. This lecture on YouTube: https://youtu.be/tUGkZp11cfo Sourced from: https://mises.org/library/introduction-microeconomics We are not endorsed or

  • Episode 23 - Introduction to Microeconomics - 4 of 14 - Price Controls in the Oil Industry - Murray N Rothbard
    Episode 23 - Introduction to Microeconomics - 4 of 14 - Price Controls in the Oil Industry - Murray N Rothbard
    Duração: 01h07min | 14/12/2016

    INTRODUCTION TO MICROECONOMICS Presented by Murray N. Rothbard in 1986 at New York Polytechnic University. Recorded by Hans-Hermann Hoppe. 4. Intro to Micro: Price Controls in the Oil Industry The disappearance of oil has been forecast every decade. Prices were overlooked. When the price is high it is more profitable to look for oil. Total reserves on the ground are higher than they were in 1890. Treating demand as a fixed quantity, the oil industry tried to control production and prices. Gas rationing was implemented. 55 MPH limit was legislated without economic or safety benefit. Safety belts increased fatalities of pedestrians. Natural gas experienced increasing shortages when it became artificially cheap. An insane price structure led to the shut down of older wells. Part 4 of 14. Presented in 1986 at New York Polytechnic University. This lecture on YouTube: https://youtu.be/wbovXtZ8PHg Sourced from: https://mises.org/library/introduction-microeconomics We are not endorsed or affiliated with the ab

  • Episode 22 - Introduction to Microeconomics - 3 of 14 - The Determination of Prices - Murray N Rothbard
    Episode 22 - Introduction to Microeconomics - 3 of 14 - The Determination of Prices - Murray N Rothbard
    Duração: 01h10min | 12/12/2016

    INTRODUCTION TO MICROECONOMICS Presented by Murray N. Rothbard in 1986 at New York Polytechnic University. Recorded by Hans-Hermann Hoppe. 3. The Determination of Prices Price is determined by the equilibrium price and the equilibrium quantity. If your good is not selling, you lower the price. If your goods fly off the shelves you are selling too cheaply and you raise prices. Demand changes constantly, e.g. the shift to white wines away from dark hard liquor. Prices will fall when demand falls. Part 3 of 14. Presented in 1986 at New York Polytechnic University. This lecture as a Podcast: http://enemyofthestate.podomatic.com/ Sourced from: https://mises.org/library/introduction-microeconomics We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures,

  • Episode 21 - Introduction to Microeconomics - 2 of 14 - Value - Murray N Rothbard
    Episode 21 - Introduction to Microeconomics - 2 of 14 - Value - Murray N Rothbard
    Duração: 34min | 09/12/2016

    INTRODUCTION TO MICROECONOMICS Presented by Murray N. Rothbard in 1986 at New York Polytechnic University. Recorded by Hans-Hermann Hoppe. 2. Intro to Micro: Value Why is it that things like bread and water which have high use values are cheap while on the other hand luxury items like diamonds are very expensive? This paradox was not solved until it became understood that people choose only a marginal unit - this loaf or this diamond. Value can be attached to a good only by individuals' desires to use it directly in the present or in the present expectation of selling to such individuals in the future. It is subjective only. Part 2 of 14. Presented in 1986 at New York Polytechnic University. This lecture as a Podcast: http://enemyofthestate.podomatic.com/ Sourced from: https://mises.org/library/introduction-microeconomics We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read Rothbard is comprised of a small grou

  • Episode 20 - Introduction to Microeconomics - 1 of 14 - Demand and Supply - Murray N Rothbard
    Episode 20 - Introduction to Microeconomics - 1 of 14 - Demand and Supply - Murray N Rothbard
    Duração: 01h01min | 06/12/2016

    INTRODUCTION TO MICROECONOMICS Presented by Murray N. Rothbard in 1986 at New York Polytechnic University. Recorded by Hans-Hermann Hoppe. 1. Intro to Micro: Demand and Supply Micro means dealing with the individual action. Macro deals with larger pictures of business cycles. Macro is screwed up. Micro is in pretty good shape. Study it first. Every individual has goals they wish to achieve.You use means to achieve goals. Economic theory is based on this deductive fact that the individual wants to arrive at goals - the means-ends objective. Part 1 of 14. Presented in 1986 at New York Polytechnic University. This lecture on YouTube: https://youtu.be/VHPk-WrTBAE Sourced from: https://mises.org/library/introduction-microeconomics We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.c

  • Episode 19 - Economics 101 - 8 of 8 - Mises in One Lesson - Murray N Rothbard
    Episode 19 - Economics 101 - 8 of 8 - Mises in One Lesson - Murray N Rothbard
    Duração: 01h22s | 02/12/2016

    ECONOMICS 101 Murray Rothbard's Economics 101 series 8. Mises in One Lesson Austrian economics has nothing to do with the economics of Austria. Austrian Economics (AE) began with Carl Menger in 1871. It is based on an analysis of individual action, not aggregates or groups. Economics predated Adam Smith. The British classical economics school could not solve the value paradox. It also embraced the labor theory of value. Another big fallacy was a focus on long-run equilibrium. Additionally, they separated micro and macroeconomics into two hermetically sealed spheres. Menger and Bohm-Bawerk focused systematically on individual action. The purpose of production is consumption. Value is inferred by the consumer in a subjective marginal unit value theory. This solved the value paradox. Economics is not really a quantitative subject. Value is subjective and cannot be measured. Preferences are ordinal, not cardinal. There is no separate process called distribution. Distribution comes right out of production. Pe

  • Episode 18 - Economics 101 - 7 of 8 - Banking and the Business Cycle - Murray N Rothbard
    Episode 18 - Economics 101 - 7 of 8 - Banking and the Business Cycle - Murray N Rothbard
    Duração: 02h38min | 30/11/2016

    ECONOMICS 101 Murray Rothbard's Economics 101 series 7. Banking and the Business Cycle One of the most difficult things to understand about banking is how money is created out of thin air. Current commercial bank liabilities are immediate. The banks do not have the reserves to redeem all demand notes. Thus, banks are inherently insolvent. But, government has eliminated runs on banks. Banks are not allowed to fail when they are mismanaged. Central banks are sold to the public as restraining inflation, but central banking was created to allow inflation. The inflationary process generates the boom and bust business cycle. The Bank of England was a great racket. The public accepted new money that was created out of thin air. The King had given the Bank a monopoly on money creation. President Jackson tried to get rid of the US central banks. Banks created the Federal Reserve System in 1913. The Fed banks now have a monopoly on all paper money. By legal tender law, one must accept Federal Reserve Notes. The F

  • Episode 17 - Economics 101 - 6 of 8 - Conservation and Property Rights - Murray N Rothbard
    Episode 17 - Economics 101 - 6 of 8 - Conservation and Property Rights - Murray N Rothbard
    Duração: 54min | 28/11/2016

    ECONOMICS 101 Murray Rothbard's Economics 101 series 6. Conservation and Property Rights Free markets shift resources from where they are less valued to where they are most valued, benefiting consumers. When private property and free markets are allowed to operate, a natural conservation of resources occurs. Nothing is a resource unless it is useful to man. Governments do not own anything and are not interested in preservation or maintenance. The conservation movement since 1900 simply closed off land. Western railroads and Western real estate owners financed the conservationists in order to keep land off the market. Oceans have yet to adopt private property rights, but it will be needed to end ocean communism which depletes fisheries. The law of capture produced such over drilling and depletion in oil. Radio and TV channels have to find a technological unit like bandwidth or frequency to define private property. Hoover nationalized the radio channels. This totalitarian control over media by the FCC is

  • Episode 16 - Economics 101 - 5 of 8 - Labor and Unions - Murray N Rothbard
    Episode 16 - Economics 101 - 5 of 8 - Labor and Unions - Murray N Rothbard
    Duração: 01h27min | 23/11/2016

    ECONOMICS 101 Murray Rothbard's Economics 101 series 5. Labor and Unions Rothbard covers the principles of demand and supply curves. Prices are at the seat of the whole system. Use the logic of reality. The most mobile labor force is teenagers. Over time, capital equipment per laborer increases. Real wage rates increase. Consumer prices decrease. Unions cannot determine wage rates without putting companies out of business and causing unemployment. They attempt to control the labor market by restricting people. Unions have very little power when labor is ample. There were no labor unions from 1885 to 1935. Unions were first established in construction, coal mining, and entertainment fields, but they were a small percent of the workforce. The National Labor Relations Board determined what a bargaining unit was. They preferred industrial unions to craft unions. Unions made employment government-regulated rather than free-market. Union growth has been in government agency areas. The fifth of eight sessions

  • Episode 15 - Economics 101 - 4 of 8 - Labor - Murray N Rothbard
    Episode 15 - Economics 101 - 4 of 8 - Labor - Murray N Rothbard
    Duração: 50min | 21/11/2016

    ECONOMICS 101 Murray Rothbard's Economics 101 series 4. Labor Minimum wage laws force unemployment up. All of those with few skills looking for an entry position will be denied because they cannot add enough value to the business labor field to be paid minimum wage. Unemployment follows minimum wage hikes. Marginal workers are being denied the labor market. There were workers in canning businesses making thirty cents an hour who were disemployed when a forty cents minimum wage was enacted. By changing definitions of employment government agencies manipulate figures. Population growth issues have often been irrational. Overpopulation in one area could be under population in another. Optimum (maximum) populations depend on market systems and capital investment. As levels of living rise, parents decide upon lower birthrates. The fourth of eight sessions from Murray Rothbard's Economics 101 series. A collection of eight speeches and lectures by Murray N. Rothbard, spanning from the 1970s to the early 1990s

  • Episode 14 - Economics 101 - 3 of 8 - Capital, Interest, and Profit - Murray N Rothbard
    Episode 14 - Economics 101 - 3 of 8 - Capital, Interest, and Profit - Murray N Rothbard
    Duração: 54min | 15/11/2016

    ECONOMICS 101 Murray Rothbard's Economics 101 series 3. Capital, Interest, and Profit Profit is total revenue minus total costs. Ours is not just a profit system, it is a profit and loss system. Losses are a sign that you wasted land, labor, or capital, yet those who make profits are criticized. Entrepreneurship is an art not a course you can learn. Labor earns wages. Land earns rent. Capital earns interest. Confusingly, the word capital means both the machines used to produce goods and the funds available for investment. Bohm-Bawerk answered the question of where interest rates come from. Time is the key element in the earning of interest. The capitalist who pays out while he waits for the product to be sold before being paid, performs a vital function of paying for land and labor now. The capitalist is rewarded by being paid a discount on labor and land, discounted by the rate of interest. There are all sorts of rates of time preferences. The third of eight sessions from Murray Rothbard's Economics 10

  • Episode 12 - Economics 101 - 1 of 8 - Demand and Supply, Consumer Goods, Prices and Exchange - Murray N Rothbard
    Episode 12 - Economics 101 - 1 of 8 - Demand and Supply, Consumer Goods, Prices and Exchange - Murray N Rothbard
    Duração: 53min | 07/11/2016

    ECONOMICS 101 Murray Rothbard's Economics 101 series 1. Demand and Supply, Consumer Goods, Prices and Exchange Micro economics starts with the basic fact that each person has short term and long term goals, like buying a ham sandwich and graduating from college. People act in the world to accomplish something. Human action is purposive. You employ different means to achieve certain goals. Rothbard begins with the simple situation of Crusoe – one laborer- on an island. Capital is everything used in production that is not land or labor. Production ends up with consumer goods which are consumed. The free market coordinates everything. No world planning board can do this. Micro economics is the study of how all this works. Resources are scarce not superabundant. Humans prefer stuff now rather than later. This is called time preference. Preferences are ordinal, (a, b, c), not cardinal (1, 2, 3). Action is risky. The entrepreneur is a risk-taking capitalist. Our discipline is qualitative, not quantitative. The

  • Episode 13 - Economics 101 - 2 of 8 - Money and Prices - Murray N Rothbard
    Episode 13 - Economics 101 - 2 of 8 - Money and Prices - Murray N Rothbard
    Duração: 55min | 03/11/2016

    ECONOMICS 101 Murray Rothbard's Economics 101 series 2. Money and Prices Many believe that if governments would just issue greater quantities of money then all problems would be solved. In truth that would create unsurmountable problems by lowering the purchasing power of each money unit. Money is the one good that is not made better by increasing its supply. Rothbard discusses how money originates. Products are originally merely exchanged between people. This is the barter system and it is based upon the double coincidence of wants. Very shortly, one or two commodities like wheat or tobacco emerge on the market as more marketable than others. Money is now a medium of exchange. Calculations and the process of accounting become possible when there is money. Gold and silver emerged over years as the best money. Metals were exchanged in measures of weight, like grams. The slippery slope was created when, instead of weights, names were used for money like francs or dollars. The second of eight sessions from

  • Episode 11 - Introduction to Economics Part 7 of 7 - Murray N Rothbard
    Episode 11 - Introduction to Economics Part 7 of 7 - Murray N Rothbard
    Duração: 25min | 01/11/2016

    Introduction to Economics: A Private Seminar with Murray N. Rothbard 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.     The file stops at 7:01 and unfortunately the rest of the lecture is lost. Part seven of seven from Introduction to Economics: A Private Seminar with Murray N. Rothbard. This lecture on YouTube: https://youtu.be/4IGn9Hl-op0 Sourced from: https://mises.org/library/introduction-economics-part-7 We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast based on

  • Episode 10 - Introduction to Economics Part 6 of 7 - Murray N Rothbard
    Episode 10 - Introduction to Economics Part 6 of 7 - Murray N Rothbard
    Duração: 45min | 01/11/2016

    Introduction to Economics: A Private Seminar with Murray N. Rothbard What causes business cycles? Keynesians say the cycles happen because the free market economy does not spend enough. Thus, pump spending in. Additionally, Keynesians say that animal spirits cause these cycles. Government must fix things. Nobody could understand Keynes' General Theory. What was simply obscure was wrongly considered deep. Keynes linked national income with employment, by assuming wage rates are fixed downward. Although Keynes wrote of balanced budgets, there were only deficits. Part six of seven from Introduction to Economics: A Private Seminar with Murray N. Rothbard. This lecture on YouTube: https://youtu.be/wng1I59zr5s Sourced from: https://mises.org/library/introduction-economics-part-6 We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothba

  • Episode 9 - Introduction to Economics Part 5 of 7 - Murray N Rothbard
    Episode 9 - Introduction to Economics Part 5 of 7 - Murray N Rothbard
    Duração: 46min | 01/11/2016

    Introduction to Economics: A Private Seminar with Murray N. Rothbard The entrepreneur is the major risk bearer. Business return on capital is long run profits or losses. Real rate of interest is determined by time preferences. Government contracts are cost plus. Medical costs are higher because supply is so restricted by government intervention. Who benefits?[by government action]. Rockefeller families are heavily invested in drug companies. Cartelism. Monopolies. Yet, free market productivity causes prices of goods to drop, e.g. computer products. How the history of the business cycle starts. War stimulus, famine, were outside the market and not cyclical until around 1750. There then began to be wave-type activities. The Industrial Revolution and fractional reserve banking spread. Were these the causes of cycles? Were sunspots?   Part five of seven from Introduction to Economics: A Private Seminar with Murray N. Rothbard. This lecture on YouTube: https://youtu.be/i6mY5GbPCv4 Sourced from: https://mises.o

  • Episode 8 - Introduction to Economics Part 4 of 7 - Murray N Rothbard
    Episode 8 - Introduction to Economics Part 4 of 7 - Murray N Rothbard
    Duração: 45min | 01/11/2016

    Introduction to Economics: A Private Seminar with Murray N. Rothbard Costs are always ex ante. There are no such things as social costs or social benefits. Costs are determined by how much entrepreneurs think consumers will pay. Costs are not determined by supply and demand. Nobody waits for costs to raise prices. Rothbard does not believe in cost curves. Antitrust suits are often filed by one set of competitors trying to eliminate another set. Additionally, antitrust suits are money making rackets for lawyers. Interest is not just a loan; it is a time preference. Usury laws misunderstood interest. Part four of seven from Introduction to Economics: A Private Seminar with Murray N. Rothbard. This lecture on YouTube: https://youtu.be/Af13LpW_hw0 Sourced from: https://mises.org/library/introduction-economics-part-4 We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read Rothbard is comprised of a small group of volunt

  • Episode 7 - Introduction to Economics Part 3 of 7 - Murray N Rothbard
    Episode 7 - Introduction to Economics Part 3 of 7 - Murray N Rothbard
    Duração: 46min | 01/11/2016

    Introduction to Economics: A Private Seminar with Murray N. Rothbard Rothbard considers how prices are determined by supply and demand on the free market. All long shortages are caused by government interventions. Forecasting is not possible. Economics is not an objective science. Part three of seven from Introduction to Economics: A Private Seminar with Murray N. Rothbard. This lecture as on YouTube: https://youtu.be/CLyrvIKY2N4 Sourced from: https://mises.org/library/introduction-economics-part-3 We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast based on his free-market approach to economics. Our focus is on education and how advancement in technology improves the living standards of the aver

  • Episode 6 - Introduction to Economics Part 2 of 7 - Murray N Rothbard
    Episode 6 - Introduction to Economics Part 2 of 7 - Murray N Rothbard
    Duração: 45min | 01/11/2016

    Introduction to Economics: A Private Seminar with Murray N. Rothbard Rothbard continues the Crusoe analogy. He covers subjectivity of value, and the concept of marginal utility. Part two of seven from Introduction to Economics: A Private Seminar with Murray N. Rothbard. This lecture as on YouTube: https://youtu.be/VAMY6qLH1nU Sourced from: https://mises.org/library/introduction-economics-part-2 We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast based on his free-market approach to economics. Our focus is on education and how advancement in technology improves the living standards of the average person. The Read Rothbard Podcast is all about Maximum Freedom. We look at movies and current events

  • Episode 5 - Introduction to Economics Part 1 of 7 - Murray N Rothbard
    Episode 5 - Introduction to Economics Part 1 of 7 - Murray N Rothbard
    Duração: 46min | 01/11/2016

    Introduction to Economics: A Private Seminar with Murray N. Rothbard Starting with Crusoe economics, Rothbard builds the economic concepts which can be developed by this analogy.These concepts are the axiom of human action. Among them are: man acts, man acts by virtue of his existence, man acts with purposeful behavior, man prefers present to future actions, resources are means to achieve ends, scarcity exists, actions take time, life is uncertain, and the theory of value is subjective. Part one of seven from Introduction to Economics: A Private Seminar with Murray N. Rothbard. This lecture on YouTube: https://youtu.be/ZVmMboJTMQ0 Sourced from: https://mises.org/library/introduction-economics-part-1 We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lec

  • Episode 4 - Intro to Austrian Economics - 4 of 4 - Price Controls
    Episode 4 - Intro to Austrian Economics - 4 of 4 - Price Controls
    Duração: 02h13min | 26/10/2016

    Austrian Economics: An Introduction, presented at New York Polytechnic University in 1972. 4. Price Controls Price controls - triangular interventions - occur when an intervener (generally government) either compels a pair of people to make an exchange or prohibits them from making an exchange. Although ludicrous, price controls are instituted because a product appears to be in short supply, e.g. oil - while price controls create artificial shortages of the product. The conservation movement ties in with the attack on comfort and consumption and humans in general. On YouTube: https://youtu.be/TzpLIP4QEOw Sourced from: https://mises.org/library/4-price-controls We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make

  • Episode 3 - Intro to Austrian Economics - 3 of 4 - Advertising
    Episode 3 - Intro to Austrian Economics - 3 of 4 - Advertising
    Duração: 01h05min | 26/10/2016

    Austrian Economics: An Introduction, presented at New York Polytechnic University in 1972. 3. Advertising Advertising has always had bad press with economists, but consumers discover that a product either works and works well, or it doesn't. Consumer wants are not artificially created by business itself. Advertising as a selling cost seemed evil. The free market benefits every participant. But intervention benefits one group at the expense of another. Political advertising - propaganda - gets a free pass. On YouTube: https://youtu.be/nOHYv9Kl0Gk Sourced from: https://mises.org/library/3-advertising We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast based on his free-market approach to economics.

  • Episode 2 - Intro to Austrian Economics - 2 of 4 - Supply and Demand
    Episode 2 - Intro to Austrian Economics - 2 of 4 - Supply and Demand
    Duração: 01h20min | 26/10/2016

    Austrian Economics: An Introduction, presented at New York Polytechnic University in 1972. 2. Supply and Demand In this lecture in 1972, supply and demand concepts included: preferences of consumers, prices, quantity, quality, elasticity, equilibrium, marginal utility, present goods, and production processes. On YouTube: https://youtu.be/EtpHzP6VLV8 Sourced from: https://mises.org/library/2-supply-and-demand We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast based on his free-market approach to economics. Our focus is on education and how advancement in technology improves the living standards of the average person. The Read Rothbard Podcast is all about Maximum Freedom. We look at movies and c

  • Episode 1 - Intro to Austrian Economics - 1 of 4 - Scarcity and Choice
    Episode 1 - Intro to Austrian Economics - 1 of 4 - Scarcity and Choice
    Duração: 01h08min | 25/10/2016

    Austrian Economics: An Introduction, presented at New York Polytechnic University in 1972. 1. Scarcity and Choice Economics begins with the concepts of scarcity and choice. If there was no scarcity it would all be free. Resources like time and materials need to be allocated to economically feasible uses. This will depend on the consumers' demand for the final product. On YouTube: https://youtu.be/bZZjytf2lBo Sourced from: https://mises.org/library/1-scarcity-and-choice We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast based on his free-market approach to economics. Our focus is on education and how advancement in technology improves the living standards of the average person. The Read Rothbar

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