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The Wilkow Majority » Austrian Economics
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crossofcrimson 1 year, 6 months ago |
For anyone out there who's interested in acquiring a unique footing in Austrian economics, the Ludwig von Mises Institute is holding their annual "Mises U" seminars this week - they have been posting audio recordings of all the speeches/lectures on their site daily. Their guest-speaker this year was Andrew Napolitano. You can check out all of the audio -in full - for free over at the Mises website (http://mises.org/media.aspx?action=category&ID=236) |
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DrewK 1 year, 6 months ago |
I watched a PBS video contrasting Keynes and Hayek this week. It was very interesting. It was great seeing an overview of the economic history. The only flaw in the video as I see it is that there was an assumption that the last part of the 20th century was ruled by Hayek's view of economics. The truth is that is not so though Hayek did gain much credibility. Reagan and Thatcher were a kick in the shins of the Progressives and their Keynesian idea. Unfortunately the prosperity was an intoxicant that many took for granted. |
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DrewK 1 year, 6 months ago |
Sorry. Commanding Heights: The Battle for the World Economy was the name of the video. http://www.pbs.org/wgbh/commandingheights/ |
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crossofcrimson 1 year, 6 months ago |
I haven't seen this particular video (I will probably watch it later on) but I tend to find that to be the case. In fact, tangentially, it always bothers me when someone tries to make the argument that we've had 30 years of "de-regulation" or "free-markets" and that it doesn't work...if there's every a time I feel like strangling someone, it's then. |
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Brooklyn 1 year, 6 months ago |
Only those of us that are well over 100 years of age have truly witnessed deregulation, free markets, & free enterprise. |
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crossofcrimson 1 year, 6 months ago |
I'd agree that the 19th century saw a much smaller government than we have today (or most of the 20th century for that matter). But I'd be careful to label it as a time of truly free markets either. The industrial revolution was ripe with governmental intervention - arguably many corporations of the time that had been perceived as industrial "monopolies" benefited from and used government regulation and force in their favor (Burton Fulsom has a few short works written on this - The Myth of the Robber Barons for example - which, while defending many individual capitalists, detailed how even in that time our economy was by no means "free"). From the railroads, to the steel industry, to transportation, to mail...there was a good deal of intervention occurring. It's fair to say that the federal government was much more limited at the time (especially in the context of Constitutional interpretation), but I think sometimes libertarians and conservatives mix up their history in some ways when they glorify the good old days. |
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Brooklyn 1 year, 6 months ago |
No argument from me on that crossofcrimson. Mercantilism is one of the oldest professions right next to prostitution. It's ridiculous to turn to government to save us from the evil corporation that has been in bed with the government whore. This is why I wish to see a "Separation of Corporation & State" |
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Brooklyn 1 year, 6 months ago |
The greatest regulator of any business is the consumer |
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