Ep. 1035 How Ludwig von Mises Fixed Economics (But Ingrates Won't Thank Him)
The Tom Woods Show
Tom Woods
4.8 • 3.3K Ratings
🗓️ 9 November 2017
⏱️ 50 minutes
🧾️ Download transcript
Summary
Mises was of course one of the great economists, and casual followers rightly credit him for his work on the problems with socialism, or the origins of business cycles, or other topics with obvious policy implications. Often overlooked, however, is how Mises solved a major problem within economics itself, having to do with monetary theory and marginal utility. Bob Murphy joins me to give us an even fuller appreciation of Mises' genius and importance.
Transcript
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| 0:00.0 | The Tom Woods Show, episode 1,035. |
| 0:03.5 | Prepare to set fire to the index card of allowable opinion. |
| 0:08.3 | Your daily dose of Liberty Education starts here, the Tom Woods Show. |
| 0:14.8 | BuzzFeed says if you've never heard of eBates before, get ready to make some easy money. |
| 0:19.5 | You're already shopping online anyway at a variety |
| 0:21.9 | of merchants might as well earn some cash back check out ebates and if you refer just two people |
| 0:28.6 | you get 50 smackers check it out at tom woods.com slash ebates hey everybody tom woods here bob |
| 0:36.9 | murphy's with us today. |
| 0:38.1 | Bob, of course, is co-host with me of Contra Krugman, a weekly podcast where we smack down Paul Krugman. |
| 0:44.8 | If you're not listening to that one, are you really getting the full podcasting experience? |
| 0:49.3 | It's a lot of fun. |
| 0:50.6 | We've got well over 100 episodes now over at contra Krugman.com. |
| 0:54.8 | Bob is the author of many important books, including a very helpful distillation of Mises |
| 1:00.6 | called Choice, Cooperation, Enterprise, and Human Action. |
| 1:05.8 | He's written study guides to the major treatises of the Austrian School of Economics. |
| 1:12.5 | He holds his Ph.D. from New York University. Many, many things to say about Bob. He has a website consulting byrpm.com where you can read |
| 1:20.5 | his blog, but he's a terrific guy to follow. And he just finished part two of his history of Economic Thought course for Liberty Classroom.com. |
| 1:30.5 | And he said on Facebook something to the effect that he now, having finished that course, is more at peace with the possibility of being hit by a bus. |
| 1:40.3 | Because he feels like he's now, as his gift to humanity, handed over a lot of the knowledge that he has. |
| 1:46.2 | He's passed down a lot of his economics knowledge in the form of his courses on the history of |
| 1:51.1 | economic thought. |
| 1:51.7 | Because when you study the history of economic thought, you learn a lot of economics. |
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