Introduction to Economics: A Private Seminar with Murray N. Rothbard
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Introduction to Economics: A Private Seminar with Murray N. Rothbard
This informal seminar with Murray N. Rothbard was recorded in Toronto, Ontario, on 4 September 1983. Special thanks to Don Morrison for making these recordings available. Download the complete audio of this event (ZIP) here.
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7 episodes
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 s...
Introduction to Economics: Part 6
What causes business cycles? Keynesians say the cycles happen because the free market economy does not spend enough. Thus, pump spending in. Additiona...
Introduction to Economics: Part 5
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 prefe...
Introduction to Economics: Part 4
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...
Introduction to Economics: Part 3
Rothbard considers how prices are determined by supply and demand on the free market. All long shortages are caused by government interventions. Forec...
Introduction to Economics: Part 2
Rothbard continues the Crusoe analogy. He covers subjectivity of value, and the concept of marginal utility.
Part two of seven from Introduction...
Introduction to Economics: Part 1
Starting with Crusoe economics, Rothbard builds the economic concepts which can be developed by this analogy.These concepts are the axiom of human act...