Podcasts by Introduction to Economics: A Private Seminar with Murray N. Rothbard

Introduction to Economics: Part 7 from 2010-01-09T00:00

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. In...

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Introduction to Economics: Part 1 from 2010-01-09T00:00

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 v...

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Introduction to Economics: Part 2 from 2010-01-09T00:00

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...

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Introduction to Economics: Part 3 from 2010-01-09T00:00

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 ...

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Introduction to Economics: Part 4 from 2010-01-09T00:00

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...

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Introduction to Economics: Part 5 from 2010-01-09T00:00

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. ...

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Introduction to Economics: Part 6 from 2010-01-09T00:00

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 caus...

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