Private property enabled all growth. Division of labor found employment for each man. Exchange is a win-win action. Risk taking tests ideas. Capital accumulation as production to make other things. The desire for a better life and the belief that it can happen.
Some of the questions asked of the panel were: What is the connection between the Fed and the current crisis?, What is the business cycle?, Does IP qualify as socialization? and, Is the housing bubble worldwide?
In this course, Robert Murphy, author of the study guide to Murray Rothbard's masterpiece, 'Man, Economy, and State', will guide you through the chapters in which the market economy can finally be seen as an integrated system.
The great debate between Keynesians and Austrians enters the digital age with the Mises Academy's first ever online formal debate, between economists Karl Smith (Assistant Professor of Public Economics and Government at the University of North Carolina at Chapel Hill) and Robert P. Murphy (Adjunct...