Ep. 513 Can We Decide on a Main Problem with Socialism? Also: Why the Austrians Are Right About Monopoly
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 16 October 2015
⏱️ 37 minutes
🧾️ Download transcript
Summary
Is the socialist calculation problem severe enough to account for the collapse of communism? We discuss that, as well as the Rothbardian contribution to monopoly theory, and whether it makes sense to think of a "monopoly price" on the free market.
Transcript
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| 0:00.0 | The Tom Woods Show, episode 513. |
| 0:03.8 | Prepare to set fire to the index card of allowable opinion. |
| 0:08.6 | Your daily dose of liberty education starts here, the Tom Woods Show. |
| 0:14.7 | Friends, if you're planning to buy gold, make sure you don't get ripped off. |
| 0:18.6 | There are a lot of scams out there. |
| 0:20.5 | So, read Peter Schiff's |
| 0:21.5 | report classic gold scams and how to avoid getting ripped off. You can read it for free |
| 0:27.3 | through tomwoods.com slash scams. Welcome to episode 513. Today we're going back to that |
| 0:35.1 | why I am not an Austrian economist article. Jeff Herbiner and I are. And we're going back to that why I am not an Austrian economist article. |
| 0:38.2 | Jeff Herbiner and I are. |
| 0:40.0 | And we're going to look at some other sections and some other points of contention and see what we can do to resolve them. |
| 0:47.7 | In particular, we're going to talk about the economic calculation problem. |
| 0:52.4 | And we're going to talk about under socialism. And then we're going to talk about under socialism, and then |
| 0:55.8 | we're going to talk about monopoly theory among Austrians, and we're going to explain what those |
| 1:01.3 | are, and then we're going to show what the criticisms are and see if the criticism stick |
| 1:05.6 | or not. So we're going to do that. I'd like to try to get to public goods also, but I'm not |
| 1:10.6 | quite sure we'll be able to do that in this particular like to try to get to public goods also, but I'm not quite sure we'll be able to do |
| 1:11.5 | that in this particular episode. Jeff Herbiner is the chairman of the Department of Economics |
| 1:16.5 | at Grove City College, one of the best four-year liberal arts schools that you've never heard of. |
| 1:22.3 | It always ranks really highly, but it is not well known. It should be much better known, |
| 1:27.3 | especially among libertarians, because it accepts not well known. It should be much better known, especially among libertarians, |
| 1:29.1 | because it accepts absolutely no form of government money whatsoever. And the entire |
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