On this episode, we’ll hear a book panel discussion on Lawrence H. White’s book, <a rel="noreferrer noopener" target="_blank" href="https://www.mercatus.org/hayekprogram/research/books/better-money-gold-fiat-or-bitcoin">Better Money: Gold, Fiat, or Bitcoin?</a> (Cambridge University Press, 2023). In his opening remarks, Larry gives an overview of his book which details the history of money, explains how the gold, fiat, and bitcoin standards work, and aims to bridge the gap between the gold standard and cryptocurrency advocates. He covers issues of supply constraints, volatility, inflation, and common misconceptions for each of the standards. Moving forward, he explores potential forms for better monetary standards including non-governmental monetary systems. The panel is moderated by Peter J. Boettke, and they are joined on the panel by:<ul><li><a rel="noreferrer noopener" target="_blank" href="https://economics.olemiss.edu/joshua-hendrickson/">Joshua Hendrickson</a>, Associate Professor of Economics and Chair of the Department of Economics at the University of Mississippi, and author of numerous publications including “<a rel="noreferrer noopener" target="_blank" href="https://onlinelibrary.wiley.com/doi/abs/10.1111/ecin.12291">The Political Economy of Bitcoin</a>” (Economic Inquiry, 2015)</li><li><a rel="noreferrer noopener" target="_blank" href="https://www.ncachanosky.com/#about">Nicol</a><a rel="noreferrer noopener" target="_blank" href="https://www.ncachanosky.com/#about">á</a><a rel="noreferrer noopener" target="_blank" href="https://www.ncachanosky.com/#about">s Cachanosky</a>, Associate Professor of Economics and Director of the Center for Free Enterprise at The University of Texas at El Paso, Senior Fellow at AIER, Fellow of the UCEMA Friedman-Hayek Center for the Study of a Free Society, and co-author of <a rel="noreferrer noopener" target="_blank" href="https://www.cambridge.org/us/universitypress/subjects/economics/economics-general-interest/austrian-capital-theory-modern-survey-essentials?format=PB&isbn=9781108735889">Austrian Capital Theory: A Modern Survey of the Essentials</a> (2019)</li><li><a rel="noreferrer noopener" target="_blank" href="https://www.mercatus.org/scholars/david-beckworth">David Beckworth</a>, Senior Research Fellow at the Mercatus Center at George Mason University, former international economist at the US Department of the Treasury, and host of the Mercatus Center’s <a rel="noreferrer noopener" target="_blank" href="https://www.mercatus.org/macro-musings">Macro Musings Podcast</a></li></ul><a rel="noreferrer noopener" target="_blank" href="https://www.mercatus.org/hayekprogram/scholars/lawrence-h-white">Lawrence H. White</a> is a Professor of Economics at George Mason University and a Distinguished Senior Fellow with the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University. Larry has published multiple books including <a rel="noreferrer noopener" target="_blank" href="https://www.cambridge.org/core/books/clash-of-economic-ideas/5A65B19CA2191C707DA9D3A3825AADE3">The Clash of Economic Ideas: The Great Policy Debates and Experiments of the Last Hundred Years</a> (Cambridge University Press, 2012).If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.<a rel="noreferrer noopener" target="_blank" href="https://www.mercatus.org/hayekprogram/virtual-sentiments">Virtual Sentiments</a>, our new podcast series from the Hayek Program is now streaming! Subscribe today and listen to season two, releasing now!Follow the <a rel="noreferrer noopener" target="_blank" href="https://twitter.com/hayekprogram">Hayek Program</a> on Twitter: @HayekProgramLearn more about <a rel="noreferrer noopener" target="_blank" href="https://asp.mercatus.org/">Academic & Student Programs</a>Follow the <a rel="noreferrer noopener" target="_blank" href="https://twitter.com/mercatus">Mercatus Center</a> on Twitter: @mercatusCC Music: Twisterium

On this episode, we’ll hear a book panel discussion on Lawrence H. White’s book, Better Money: Gold, Fiat, or Bitcoin? (Cambridge University Press, 2023). In his opening remarks, Larry gives an overview of his book which details the history of money, explains how the gold, fiat, and bitcoin standards work, and aims to bridge the gap between the gold standard and cryptocurrency advocates. He covers issues of supply constraints, volatility, inflation, and common misconceptions for each of the standards. Moving forward, he explores potential forms for better monetary standards including non-governmental monetary systems. The panel is moderated by Peter J. Boettke, and they are joined on the panel by:Joshua Hendrickson, Associate Professor of Economics and Chair of the Department of Economics at the University of Mississippi, and author of numerous publications including “The Political Economy of Bitcoin” (Economic Inquiry, 2015)Nicolás Cachanosky, Associate Professor of Economics and Director of the Center for Free Enterprise at The University of Texas at El Paso, Senior Fellow at AIER, Fellow of the UCEMA Friedman-Hayek Center for the Study of a Free Society, and co-author of Austrian Capital Theory: A Modern Survey of the Essentials (2019)David Beckworth, Senior Research Fellow at the Mercatus Center at George Mason University, former international economist at the US Department of the Treasury, and host of the Mercatus Center’s Macro Musings PodcastLawrence H. White is a Professor of Economics at George Mason University and a Distinguished Senior Fellow with the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University. Larry has published multiple books including The Clash of Economic Ideas: The Great Policy Debates and Experiments of the Last Hundred Years (Cambridge University Press, 2012). If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts. Virtual Sentiments, our new podcast series from the Hayek Program is now streaming! Subscribe today and listen to season two, releasing now! Follow the Hayek Program on Twitter: @HayekProgram Learn more about Academic & Student Programs Follow the Mercatus Center on Twitter: @mercatus CC Music: Twisterium

On this episode, we’ll hear a book panel discussion on Lawrence H. White’s book, <a href="https://www.mercatus.org/hayekprogram/research/books/better-money-gold-fiat-or-bitcoin" rel="noopener noreferrer">Better Money: Gold, Fiat, or Bitcoin?</a> (Cambridge University Press, 2023). In his opening remarks, Larry gives an overview of his book which details the history of money, explains how the gold, fiat, and bitcoin standards work, and aims to bridge the gap between the gold standard and cryptocurrency advocates. He covers issues of supply constraints, volatility, inflation, and common misconceptions for each of the standards. Moving forward, he explores potential forms for better monetary standards including non-governmental monetary systems. The panel is moderated by Peter J. Boettke, and they are joined on the panel by:<ul><li><a href="https://economics.olemiss.edu/joshua-hendrickson/" rel="noopener noreferrer">Joshua Hendrickson</a>, Associate Professor of Economics and Chair of the Department of Economics at the University of Mississippi, and author of numerous publications including “<a href="https://onlinelibrary.wiley.com/doi/abs/10.1111/ecin.12291" rel="noopener noreferrer">The Political Economy of Bitcoin</a>” (Economic Inquiry, 2015)</li><li><a href="https://www.ncachanosky.com/#about" rel="noopener noreferrer">Nicol</a><a href="https://www.ncachanosky.com/#about" rel="noopener noreferrer">á</a><a href="https://www.ncachanosky.com/#about" rel="noopener noreferrer">s Cachanosky</a>, Associate Professor of Economics and Director of the Center for Free Enterprise at The University of Texas at El Paso, Senior Fellow at AIER, Fellow of the UCEMA Friedman-Hayek Center for the Study of a Free Society, and co-author of <a href="https://www.cambridge.org/us/universitypress/subjects/economics/economics-general-interest/austrian-capital-theory-modern-survey-essentials?format=PB&amp;isbn=9781108735889" rel="noopener noreferrer">Austrian Capital Theory: A Modern Survey of the Essentials</a> (2019)</li><li><a href="https://www.mercatus.org/scholars/david-beckworth" rel="noopener noreferrer">David Beckworth</a>, Senior Research Fellow at the Mercatus Center at George Mason University, former international economist at the US Department of the Treasury, and host of the Mercatus Center’s <a href="https://www.mercatus.org/macro-musings" rel="noopener noreferrer">Macro Musings Podcast</a></li></ul><a href="https://www.mercatus.org/hayekprogram/scholars/lawrence-h-white" rel="noopener noreferrer">Lawrence H. White</a> is a Professor of Economics at George Mason University and a Distinguished Senior Fellow with the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University. Larry has published multiple books including <a href="https://www.cambridge.org/core/books/clash-of-economic-ideas/5A65B19CA2191C707DA9D3A3825AADE3" rel="noopener noreferrer">The Clash of Economic Ideas: The Great Policy Debates and Experiments of the Last Hundred Years</a> (Cambridge University Press, 2012).If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.<a href="https://www.mercatus.org/hayekprogram/virtual-sentiments" rel="noopener noreferrer">Virtual Sentiments</a>, our new podcast series from the Hayek Program is now streaming! Subscribe today and listen to season two, releasing now!Follow the <a href="https://twitter.com/hayekprogram" rel="noopener noreferrer">Hayek Program</a> on Twitter: @HayekProgramLearn more about <a href="https://asp.mercatus.org/" rel="noopener noreferrer">Academic &amp; Student Programs</a>Follow the <a href="https://twitter.com/mercatus" rel="noopener noreferrer">Mercatus Center</a> on Twitter: @mercatusCC Music: Twisterium

"Better Money: Gold, Fiat, or Bitcoin?" Book Panel

We're celebrating 300 years of Adam Smith! On this episode of the Hayek Program Podcast, we'll hear a keynote from the 2023 Markets & Society conference given by Emma Rothschild, the Jeremy and Jane Knowles Professor of History at Harvard University. In this lecture, Emma Rothschild begins by building an understanding of Adam Smith's conception of markets. She reanalyzes Smith's "invisible hand" metaphor, challenging the traditional interpretation and suggesting that it might not primarily refer to markets or economic equilibrium but rather the economics of uncertainty and trust. Emma also discusses Frank Knight, F.A. Hayek, Smith's frustration with the frivolity of markets, the abolition of feudalism, the four bad markets, Smith's hope for the future, and more.This lecture is part of the University of Glasgow’s Smith@300: Celebrating Adam Smith as Scholar, Educator, and Citizen supported by the John Templeton Foundation.The introduction is given by <a rel="noreferrer noopener" target="_blank" href="https://www.gla.ac.uk/schools/socialpolitical/staff/craigsmith/">Craig Smith</a>.Read more about <a rel="noreferrer noopener" target="_blank" href="https://history.fas.harvard.edu/people/emma-rothschild">Emma Rothschild</a>.If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.<a rel="noreferrer noopener" target="_blank" href="https://www.mercatus.org/hayekprogram/virtual-sentiments">Virtual Sentiments</a>, our new podcast series from the Hayek Program is now streaming! Subscribe today and listen to season two, now releasing!Follow the <a rel="noreferrer noopener" target="_blank" href="https://twitter.com/hayekprogram">Hayek Program</a> on Twitter: @HayekProgramLearn more about <a rel="noreferrer noopener" target="_blank" href="https://asp.mercatus.org/">Academic & Student Programs</a>Follow the <a rel="noreferrer noopener" target="_blank" href="https://twitter.com/mercatus">Mercatus Center</a> on Twitter: @mercatusCC Music: Twisterium

We're celebrating 300 years of Adam Smith! On this episode of the Hayek Program Podcast, we'll hear a keynote from the 2023 Markets & Society conference given by Emma Rothschild, the Jeremy and Jane Knowles Professor of History at Harvard University. In this lecture, Emma Rothschild begins by building an understanding of Adam Smith's conception of markets. She reanalyzes Smith's "invisible hand" metaphor, challenging the traditional interpretation and suggesting that it might not primarily refer to markets or economic equilibrium but rather the economics of uncertainty and trust. Emma also discusses Frank Knight, F.A. Hayek, Smith's frustration with the frivolity of markets, the abolition of feudalism, the four bad markets, Smith's hope for the future, and more. This lecture is part of the University of Glasgow’s Smith@300: Celebrating Adam Smith as Scholar, Educator, and Citizen supported by the John Templeton Foundation. The introduction is given by Craig Smith. Read more about Emma Rothschild. If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts. Virtual Sentiments, our new podcast series from the Hayek Program is now streaming! Subscribe today and listen to season two, now releasing! Follow the Hayek Program on Twitter: @HayekProgram Learn more about Academic & Student Programs Follow the Mercatus Center on Twitter: @mercatus CC Music: Twisterium

We're celebrating 300 years of Adam Smith! On this episode of the Hayek Program Podcast, we'll hear a keynote from the 2023 Markets &amp; Society conference given by Emma Rothschild, the Jeremy and Jane Knowles Professor of History at Harvard University. In this lecture, Emma Rothschild begins by building an understanding of Adam Smith's conception of markets. She reanalyzes Smith's "invisible hand" metaphor, challenging the traditional interpretation and suggesting that it might not primarily refer to markets or economic equilibrium but rather the economics of uncertainty and trust. Emma also discusses Frank Knight, F.A. Hayek, Smith's frustration with the frivolity of markets, the abolition of feudalism, the four bad markets, Smith's hope for the future, and more.This lecture is part of the University of Glasgow’s Smith@300: Celebrating Adam Smith as Scholar, Educator, and Citizen supported by the John Templeton Foundation.The introduction is given by <a href="https://www.gla.ac.uk/schools/socialpolitical/staff/craigsmith/" rel="noopener noreferrer">Craig Smith</a>.Read more about <a href="https://history.fas.harvard.edu/people/emma-rothschild" rel="noopener noreferrer">Emma Rothschild</a>.If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.<a href="https://www.mercatus.org/hayekprogram/virtual-sentiments" rel="noopener noreferrer">Virtual Sentiments</a>, our new podcast series from the Hayek Program is now streaming! Subscribe today and listen to season two, now releasing!Follow the <a href="https://twitter.com/hayekprogram" rel="noopener noreferrer">Hayek Program</a> on Twitter: @HayekProgramLearn more about <a href="https://asp.mercatus.org/" rel="noopener noreferrer">Academic &amp; Student Programs</a>Follow the <a href="https://twitter.com/mercatus" rel="noopener noreferrer">Mercatus Center</a> on Twitter: @mercatusCC Music: Twisterium

Emma Rothschild — 2023 Markets & Society Conference Keynote

Towards an Economics of Natural Equals, Pt. 1 — Peter Boettke, David Levy, & Sandra Peart

"Escaping Paternalism" Book Panel

Peter Boettke & Patrick Newman on Cronyism

What Does Economic Freedom Look Like for Women? — Rosemarie Fike, Stefanie Haeffele, & Jayme Lemke

Peter Boettke & Anja Shortland on Lost Art

Exploring Economic Sociology — Peter Boettke & Richard Wagner

Exploring Economic Sociology — Peter Boettke & Bobbi Herzberg

Exploring Economic Sociology — Peter Boettke & Jordan Lofthouse

"Money and the Rule of Law" Book Panel

Lawrence White & Scott Sumner on "The Money Illusion"

The Hayek Program Podcast includes audio from lectures, interviews, and discussions of scholars and visitors from the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University. The F. A. Hayek Program is devoted to the promotion of teaching and research on the institutional arrangements that are suitable for the support of free and prosperous societies. Implicit in this statement is the presumption that those arrangements are to some extent open to conscious selection, as well as the appreciation that the type of arrangements that are selected within a society can influence significantly the economic, political, and moral character of that society.

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