Ep. 801 Making Poor Countries Rich: Austrian School Insights
The Tom Woods Show
Tom Woods
4.8 • 3.3K Ratings
🗓️ 13 December 2016
⏱️ 34 minutes
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Summary
G.P. Manish discusses what the Austrian School of economics can contribute to the debate over what the developing world should do to become wealthy. We also discuss India's recent demonetization of its 500 and 1000-rupee notes.
Transcript
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| 0:00.0 | The Tom Woods Show, episode 801. |
| 0:03.0 | Prepare to set fire to the index card of allowable opinion. |
| 0:07.6 | Your daily dose of Liberty Education starts here, the Tom Woods Show. |
| 0:13.7 | Folks, I've just released another free e-book, this one called Education without the state. |
| 0:20.2 | Grab your copy at no- stateeducation.com or by texting the word |
| 0:25.8 | educate to 33444. Hi everybody. Tom Woods here. Talking about a couple things today. I want to talk to |
| 0:33.6 | GP Maniche, who is a professor of economics at Troy University, and who is an expert on |
| 0:41.3 | development economics and on India as well. I want to talk to him about a couple of things. First |
| 0:46.9 | of all, about development economics, that is economics of developing countries and how you |
| 0:52.3 | take developing countries and make them into wealthy countries. |
| 0:55.9 | We're going to talk about that, but also given the fact the GP is from India and he has an expertise in the economic history of India, |
| 1:04.3 | I also wanted to get him to comment on this item that's been in the news, and I've had a number of inquiries about it for the show, |
| 1:11.0 | involving the demonetization of a couple of currency units, that is to say, the $500,000-rupe |
| 1:18.6 | bills have been demonetized, and we're going to talk about the consequences of that. |
| 1:23.6 | So a lot to talk about. |
| 1:24.9 | GP holds his Ph.D. in economics from Suffolk University. |
| 1:28.5 | He's widely published. |
| 1:29.8 | I'll link to some of his stuff at tomwoods.com slash 801. |
| 1:33.8 | GP, welcome back. |
| 1:35.2 | Thanks, Tom. |
| 1:35.7 | It's great to be with you again. |
| 1:36.9 | I actually thought of this topic because I was looking through and thinking back on the Mises |
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