Starting with Crusoe economics, Rothbard builds the economic concepts which can be developed by this analogy. These concepts are the axiom of human action. Among them are: man acts, man acts by virtue of his existence, man acts with purposeful behavior,...
What causes business cycles? Keynesians say the cycles happen because the free market economy does not spend enough. Thus, pump spending in. Additionally, Keynesians say that animal spirits cause these cycles. Government must fix things. Nobody could understand Keynes' General Theory. What was simply obscure was wrongly considered deep.
From the first edition of Robert P. Murphy’s Chaos Theory: Two Essays on Market Anarchy.
Narrated by Jock Coats.
Why did people move to the new world? The benefits outweighed the costs. The explorers were driven by the economic philosophy of mercantilism. Government and business partnered to build a nation state. Money was thought to be wealth, but it is not. Government ships, soldiers, and subsidies gave the power of kings behind businesses.
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
The Spanish and Portuguese were not very effective about colonizing the New World, despite finding gold and silver and claiming land. The London Company arrived about 1611 with indentured servants. Life expectancy was as young as twenty-one, although food supplies were better in the New World. Land was cheap and available to most immigrants.
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
