Ep. 104 How Austrian Economics Differs

The Tom Woods Show

Tom Woods

Politics, Economics, Libertarian, Government, News

4.8 • 3.3K Ratings

🗓️ 25 February 2014

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Professor Shawn Ritenour, author of Foundations of Economics: A Christian View, joins Tom to explain what makes Austrian economics different from (and better than) neoclassical economics. Follow Shawn's blog: foundationsofecon.blogspot.com.

Transcript

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0:00.0	I've abandoned free market principles to save the free market system.
0:09.9	In a world of conventional confusion, there will be time for them to make profits.
0:14.9	Now's not that time.
0:16.5	Daddy, what do taxes pay for?
0:18.3	Oh, why everything?
0:19.7	Policemen, trees, sunshine.
0:21.9	And let's not forget the folks who just don't feel like working, God bless them.
0:25.9	Don't be afraid.
0:26.7	I'll be afraid of you, dad.
0:28.3	Prepare to unshackle your mind.
0:31.3	An idea whose time has come cannot be stopped by any army or any government.
0:36.9	Your professor has arrived.
0:41.1	Tom Woods.
0:46.8	Beware, citizen, you are now departing from the world of allowable opinion.
0:52.3	The Tom Woods Show.
0:56.4	Welcome, everybody. It's Tuesday, February 25th, 2014, talking Austrian economics today
1:03.2	with Sean Rittenauer, professor of economics at Grove City College. GCC.edu is where you can find out more about Grove City College, the best college
1:14.3	you've never heard of.
1:15.9	It's constantly in these rankings of best small liberal arts colleges, but the economics
1:22.3	department is the crown jewel.
1:25.2	The economics department is Austrian or Austrian sympathetic through and through,
1:30.9	and Sean is a professor there. Sean is the author of Foundations of Economics, a Christian view,
	...

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