4.8 • 3.3K Ratings
🗓️ 11 August 2016
⏱️ 22 minutes
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Here's a common objection to the free market: why, it doesn't yield enough scientific research! We need government funding for that. Even some free-market folks have bought this line. Here are some helpful thoughts in favor of the market and science.
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0:00.0 | The Tom Woods Show, episode 713. |
0:03.6 | Prepare to set fire to the index card of allowable opinion. |
0:08.4 | Your daily dose of liberty education starts here, the Tom Woods Show. |
0:14.2 | Hi, everybody, Tom Woods here. |
0:16.0 | I am reading, or I just finished reading, a little book, a monograph, I guess, an essay by |
0:23.0 | Murray Rothbard called Science, Technology, and Government. And I thought to myself, |
0:28.7 | if I'm reading this and getting something out of it, why don't I share it with the audience? |
0:32.3 | So that's what I'm going to do with you today. It's an interesting piece because it was written in |
0:37.3 | 1959. It was discovered, it was written |
0:40.3 | on commission, but we don't know other than that what the exact circumstances of its writing |
0:45.3 | were and it was never published. But it was discovered not too long ago in the Rothbard |
0:51.3 | papers. And so last year, 2015, the Meese Institute published it |
0:56.1 | as a standalone work, science, technology, and government, it's called. So of course, I will link |
1:01.1 | to it at tomwoods.com slash 713. And I thought I would just go through some of the main points |
1:06.6 | that I gleaned from it, that I thought were especially interesting. But everything I'm saying is elaborated on at great length in this piece. |
1:15.6 | So if you feel like what you're hearing today isn't quite the full case that you want to hear, |
1:20.6 | well, that's because it's in the Rothbard piece that I'm recommending. |
1:24.3 | So first thing to do is to tell you that you can get this for free at tomwoods.com |
1:30.1 | slash 713. The second thing to mention is that I would say, and if you listen to me an awful lot, |
1:37.7 | and you have an incredibly good memory, you'll know where I'm going here, that the best thing written on this subject of government, science, and the free |
1:47.8 | market is a book by a guy named Terrence Keely, that's K-E-A-L-E-Y, and it's called The Economic |
1:55.4 | Laws of Scientific Research. That book just blows your mind. It's a fresh insight on every page. It's a historical |
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