Austrian School of Economics: Revisionist History and Contemporary Theory

By Joseph T. Salerno

What's Austrian School of Economics: Revisionist History and Contemporary Theory about?

Joseph T. Salerno presents a series of ten formal lectures on topics related to the history and theory of the Austrian School of Economics.

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Austrian School of Economics: Revisionist History and Contemporary Theory episodes:

12.15.2018
Forerunners of the Austrian School: The French Liberal School
Although often neglected by the English-speaking world, the French Liberal School of the nineteenth century has long provided a robust foundation for modern laissez-faire economics and the pro-freedom ideology we now sometimes call libertarianism.
06.11.2005
10. The Gold Standard in Theory and Myth
The mythology of gold really grew up with Keynes and the quantity theory. Here are six of those myths: the gold standard is unable to accommodate the needs of an growing economy; the quantity of money is arbitrarily determined; the...
06.10.2005
9. Money and Gold in the 1920s and 1930s: Defending the Rothbardian Position
Friedman’s book, Monetary History of the United States, tried to show the depression was caused by a deflation of the money supply by the Fed. Rothbard’s America’s Great Depression was published the next year in 1963. Rothbard argued that the...
06.10.2005
8. The Debate on the Socialist Calculation Debate
The debate still continues. It is all about Mises’ initial article and then book on Socialism in 1922. He demonstrated the necessity of the price system and showed how subjective values were transformed into objective prices which could be used...
06.10.2005
7. The Political Economy of the Chicago School: Libertarian or Jacobin?
The founder of the Chicago School, Frank Knight, was an avowed egalitarian. Rousseau was his influence. Jacobins believed in mass democracy and politics as the only way to implement their ideas. They hated aristocrats and religious leaders. Knight believed in...
06.09.2005
6. Keynes and the 'New Economics' of Fascism
Monetary inflation is the key way to bring about economic fascism. Fascism was a spending, borrowing government, militarism, imperialism, and a planned economy. Keynes’ followers came to power in the 60s with the Kennedy administration. Nixon went on to impose...
06.08.2005
5. Modern Monetary Theory: The Austrian Contribution
Monetary theory is where Austrians diverge the most from mainstream. Mises built a new taxonomy of money. He said money included any checking account deposits. The marginal utility of gold on the last day of barter was determined by the...
06.08.2005
4. The Theory of Monopoly Price: From Menger to Rothbard
Prior to Mises there had been nothing written on the theory of monopoly price. Mises felt there could be some limited times of monopoly on the free market, e.g. diamond mines, but Rothbard felt that there could not be monopolies....
06.07.2005
2. The Origin and Decline of the Austrian School: Menger, Böhm-Bawerk, and Wieser
Where the classical economists had gone wrong was to speak of goods as if they were abstract classes. The Austrians noted that their value theory did not talk about concrete units and could not explain how individuals valued goods.
06.07.2005
3. The Revival of the Austrian School: Mises and Rothbard
There were reasons for the decline of the Austrian School before its revival and rebirth by Mises and Rothbard. There was an Israel Kirzner view in the 1970s that the Keynesian avalanche had buried Austrian economics in 1936. Then there...
06.07.2005
2. The Origin and Decline of the Austrian School: Menger, Böhm-Bawerk, and Wieser
Where the classical economists had gone wrong was to speak of goods as if they were abstract classes. The Austrians noted that their value theory did not talk about concrete units and could not explain how individuals valued goods.

What's Austrian School of Economics: Revisionist History and Contemporary Theory about?

Download our free app to listen on your phone

Austrian School of Economics: Revisionist History and Contemporary Theory episodes:

Forerunners of the Austrian School: The French Liberal School

10. The Gold Standard in Theory and Myth

9. Money and Gold in the 1920s and 1930s: Defending the Rothbardian Position

8. The Debate on the Socialist Calculation Debate

7. The Political Economy of the Chicago School: Libertarian or Jacobin?

6. Keynes and the 'New Economics' of Fascism

5. Modern Monetary Theory: The Austrian Contribution

4. The Theory of Monopoly Price: From Menger to Rothbard

2. The Origin and Decline of the Austrian School: Menger, Böhm-Bawerk, and Wieser

3. The Revival of the Austrian School: Mises and Rothbard

2. The Origin and Decline of the Austrian School: Menger, Böhm-Bawerk, and Wieser