I had the gall to share a video yesterday of me lecturing for an hour about the economics of public policy (followed by another hour of Q&A).
Though I also included this link to a six-minute video on the same topic for folks who just wanted to skim the surface.
Well, for those who like detailed expositions, here’s a video giving the Austrian school’s view of macroeconomics.
In the past, I’ve only briefly addressed Austrian theory, linking once to a deliberate argument for Austria economics by Robert Higgs and once to an unintentional argument for the Austrian school by Robert Samuelson.
This video will eat up about one hour of your day, but it will be time well spent. It’s a thorough explanation showing why the Austrian school offers the best insight about how a real-world economy operates.
P.S. If you want an Austrian-based critique of the Federal Reserve, this George Selgin video will give you everything you could possibly want.
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[…] sympathetic to central planning. They were horribly wrong, but that was before economists from the Austrian School prevailed in the “Socialist Calculation Debate.” So we’ll give them an undeserved […]
[…] were sympathetic to central planning. They were horribly wrong, but that was before economists from the Austrian School prevailed in the “Socialist Calculation Debate.” So we’ll give them an undeserved […]
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[…] For a more detailed look at Austrian economics, check out this lecture. And Austrian-school scholars also have the best analysis of the Great […]
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Thank you for sharing! Chad Mathis, MD
Sent from my iPhone
Link for video on Austrian school seems to be missing.
Fwiw, I think you should put together some mp3’s that one can download and save. I find those useful when in the car, as opposed to sitting and watching videos on the computer. Somehow that just feels sad…
Keep up the great work, it’s incredibly important –
George Pazin
I’ve just finished reading an incredibly depressing book, Republic, Lost by Lawrence Lessing. I did this in one fell swoop, which I don’t recommend. He details out the perfect web of corruption which is woven around our governments.
We’re not ever getting out of this. I was slow to get there, but now I understand the “let it burn” crowd.
With regard to the video, I find myself in my usual 180 degree position from the entire rest of world, I dislike watching things, I would much rather read the information.