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The Tom Woods Show

Ep. 403 Austrian Microeconomics: Where the Critics Go Wrong

The Tom Woods Show

Tom Woods

Politics, Government, News

4.83.4K Ratings

🗓️ 15 May 2015

⏱️ 31 minutes

🧾️ Download transcript

Summary

Jeff Herbener and Tom review Bryan Caplan's article "Why I Am Not an Austrian Economist."

Transcript

Click on a timestamp to play from that location

0:00.0

In a world of Democrats, there will be time for them to make profits.

0:05.2

Now is not that time.

0:06.4

And Republicans.

0:07.9

I've abandoned free market principles to save the free market system.

0:12.2

You need a voice of liberty.

0:15.1

Look no further.

0:16.7

You've found it.

0:18.4

Tom Woods.

0:21.1

Beware, citizen, you are now departing from the world of allowable opinion.

0:26.9

The Tom Woods Show.

0:33.8

Welcome to the Tom Woods Show, episode 403.

0:37.8

Today we are joined once again by Professor Jeff Herbiner.

0:42.2

Jeff is the chairman of the Department of Economics at Grove City College, and I want to talk to him about an article that some of you have seen and a lot of people have read and talked about, and that's an article

0:54.4

by another guest of this show, Brian Kaplan, called Why I Am Not an Austrian economist.

1:01.3

So Jeff Herbner and I are going to go through and look at this article.

1:04.3

It's going to take a bunch of episodes.

1:05.7

It's long, and we want to give it its due.

1:08.5

We want to go through each point one at a time. So we're going to do

1:12.6

that beginning today. Jeff is also a senior fellow of the Mezes Institute, and he is

1:19.1

associate editor of the quarterly journal of Austrian economics. Of course, he's also a faculty

1:24.0

member at My Liberty Classroom.com, where you can learn the history and economics

1:29.2

they didn't teach you.

...

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