<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:atom="http://www.w3.org/2005/Atom">
<channel>
  <title>Austrian Theory</title>
  <link>https://freecapitalists.org/courses/austrian-theory/</link>
  <atom:link href="https://freecapitalists.org/courses/austrian-theory/feed.xml" rel="self" type="application/rss+xml"/>
  <description>Austrian Theory: a lecture series of 16 recordings (0.2 hours) from the Mises.org media library, with Murray N. Rothbard. Short clips of Rothbard answering audience questions on Austrian economics. He covers Menger, Boehm-Bawerk, Marshall, Marx, the English Classical School, and Mises's theory of money and the business cycle, each in a brief answer of a few sentences to about a minute.</description>
  <language>en-us</language>
  <copyright>David Veksler</copyright>
  <itunes:author>Murray N. Rothbard</itunes:author>
  <itunes:summary>Austrian Theory: a lecture series of 16 recordings (0.2 hours) from the Mises.org media library, with Murray N. Rothbard. Short clips of Rothbard answering audience questions on Austrian economics. He covers Menger, Boehm-Bawerk, Marshall, Marx, the English Classical School, and Mises's theory of money and the business cycle, each in a brief answer of a few sentences to about a minute.</itunes:summary>
  <itunes:explicit>false</itunes:explicit>
  <itunes:type>serial</itunes:type>
<itunes:category text="Education"><itunes:category text="Courses"/></itunes:category>
  <itunes:image href="https://library.freecapitalists.org/covers/course-austrian-theory-600.jpg"/>
  <image><url>https://library.freecapitalists.org/covers/course-austrian-theory-600.jpg</url><title>Austrian Theory</title><link>https://freecapitalists.org/courses/austrian-theory/</link></image>
  <item>
    <title>Who has been generally credited with &quot;founding&quot; Austrian economics?</title>
    <link>https://freecapitalists.org/courses/austrian-theory/#lecture-who-has-been-generally-credited-with-founding-austrian-economics</link>
    <guid isPermaLink="false">https://freecapitalists.org/courses/austrian-theory/#lecture-who-has-been-generally-credited-with-founding-austrian-economics</guid>
    <pubDate>Sat, 01 Jan 2000 12:00:00 +0000</pubDate>
    <itunes:episode>1</itunes:episode>
    <itunes:author>Murray N. Rothbard</itunes:author>
    <itunes:duration>0:24</itunes:duration>
    <description><![CDATA[Rothbard recounts the accepted lineage runs from Menger as founder to student Boehm-Bawerk. Mises is named as Boehm-Bawerk's great successor in this line.]]></description>
    <enclosure url="https://library.freecapitalists.org/media/Austrian%20Theory/Who%20has%20been%20generally%20credited%20with%20_founding_%20Austrian%20economics_%20Murray%20N%20Rothbard.mp3" length="46312" type="audio/mpeg"/>
  </item>
  <item>
    <title>This view has changed to include Menger. How do you think this affects Austrian history?</title>
    <link>https://freecapitalists.org/courses/austrian-theory/#lecture-this-view-has-changed-to-include-menger-how-do-you-think-this-affects-austrian-history</link>
    <guid isPermaLink="false">https://freecapitalists.org/courses/austrian-theory/#lecture-this-view-has-changed-to-include-menger-how-do-you-think-this-affects-austrian-history</guid>
    <pubDate>Sun, 02 Jan 2000 12:00:00 +0000</pubDate>
    <itunes:episode>2</itunes:episode>
    <itunes:author>Murray N. Rothbard</itunes:author>
    <itunes:duration>0:46</itunes:duration>
    <description><![CDATA[Rothbard argues praising Menger as founder is a nihilist agenda that denigrates Boehm-Bawerk. This trend claims Menger and Boehm-Bawerk disagreed on almost everything, a distinction he calls artificial, since Menger's own papers have not even been studied yet.]]></description>
    <enclosure url="https://library.freecapitalists.org/media/Austrian%20Theory/This%20view%20has%20changed%20to%20include%20Menger%20How%20do%20you%20think%20this%20affects%20Austrian%20history_%20Murray%20N%20Rothbard.mp3" length="91452" type="audio/mpeg"/>
  </item>
  <item>
    <title>What was one of Mises's favorite quotations?</title>
    <link>https://freecapitalists.org/courses/austrian-theory/#lecture-what-was-one-of-mises-s-favorite-quotations</link>
    <guid isPermaLink="false">https://freecapitalists.org/courses/austrian-theory/#lecture-what-was-one-of-mises-s-favorite-quotations</guid>
    <pubDate>Mon, 03 Jan 2000 12:00:00 +0000</pubDate>
    <itunes:episode>3</itunes:episode>
    <itunes:author>Murray N. Rothbard</itunes:author>
    <itunes:duration>0:19</itunes:duration>
    <description><![CDATA[Rothbard recounts one of Mises's favorite quotations, from historical-school economist Schmoller. Mises invoked the line to describe academic economists who serve the dynastic Prussian state rather than the truth.]]></description>
    <enclosure url="https://library.freecapitalists.org/media/Austrian%20Theory/What%20was%20one%20of%20Misess%20favorite%20quotations_%20Murray%20N%20Rothbard.mp3" length="36699" type="audio/mpeg"/>
  </item>
  <item>
    <title>What was Menger's basic contribution?</title>
    <link>https://freecapitalists.org/courses/austrian-theory/#lecture-what-was-menger-s-basic-contribution</link>
    <guid isPermaLink="false">https://freecapitalists.org/courses/austrian-theory/#lecture-what-was-menger-s-basic-contribution</guid>
    <pubDate>Tue, 04 Jan 2000 12:00:00 +0000</pubDate>
    <itunes:episode>4</itunes:episode>
    <itunes:author>Murray N. Rothbard</itunes:author>
    <itunes:duration>0:51</itunes:duration>
    <description><![CDATA[Rothbard argues Menger revived the scholastic and French tradition of subjective value theory. He held that consumers' own valuations of goods determine both prices and the value of the factors of production, sketching out the basic outlines of Austrian doctrine.]]></description>
    <enclosure url="https://library.freecapitalists.org/media/Austrian%20Theory/What%20was%20Mengers%20basic%20contribution_%20Murray%20N%20Rothbard.mp3" length="100543" type="audio/mpeg"/>
  </item>
  <item>
    <title>What is your view of the English classic school of economics?</title>
    <link>https://freecapitalists.org/courses/austrian-theory/#lecture-what-is-your-view-of-the-english-classic-school-of-economics</link>
    <guid isPermaLink="false">https://freecapitalists.org/courses/austrian-theory/#lecture-what-is-your-view-of-the-english-classic-school-of-economics</guid>
    <pubDate>Wed, 05 Jan 2000 12:00:00 +0000</pubDate>
    <itunes:episode>5</itunes:episode>
    <itunes:author>Murray N. Rothbard</itunes:author>
    <itunes:duration>1:25</itunes:duration>
    <description><![CDATA[Rothbard argues the English Classical School marked a detour from the pre-Austrian tradition. Adam Smith and Ricardo shifted value theory toward objective labor toil, an error later revived in England by John Stuart Mill largely out of filial loyalty to his father.]]></description>
    <enclosure url="https://library.freecapitalists.org/media/Austrian%20Theory/What%20is%20your%20view%20of%20the%20English%20classic%20school%20of%20economics_%20Murray%20N%20Rothbard.mp3" length="168357" type="audio/mpeg"/>
  </item>
  <item>
    <title>How do &quot;mathematical economists&quot; view the Austrian rejection of math?</title>
    <link>https://freecapitalists.org/courses/austrian-theory/#lecture-how-do-mathematical-economists-view-the-austrian-rejection-of-math</link>
    <guid isPermaLink="false">https://freecapitalists.org/courses/austrian-theory/#lecture-how-do-mathematical-economists-view-the-austrian-rejection-of-math</guid>
    <pubDate>Thu, 06 Jan 2000 12:00:00 +0000</pubDate>
    <itunes:episode>6</itunes:episode>
    <itunes:author>Murray N. Rothbard</itunes:author>
    <itunes:duration>0:41</itunes:duration>
    <description><![CDATA[Rothbard argues mathematical economists dismiss Austrian rejection of formal math as ignorance. Menger and Boehm-Bawerk were both trained in mathematics and understood it well, and George Stigler's dissertation attacking Boehm-Bawerk illustrates the hostility; deliberately rejecting math after mastering it is simply unthinkable to a mathematical economist.]]></description>
    <enclosure url="https://library.freecapitalists.org/media/Austrian%20Theory/How%20do%20_mathematical%20economists_%20view%20the%20Austrian%20rejection%20of%20math_%20Murray%20N%20Rothbard.mp3" length="81526" type="audio/mpeg"/>
  </item>
  <item>
    <title>What do you think of Alfred Marshall (author of 'Principles of Economics')?</title>
    <link>https://freecapitalists.org/courses/austrian-theory/#lecture-what-do-you-think-of-alfred-marshall-author-of-principles-of-economics</link>
    <guid isPermaLink="false">https://freecapitalists.org/courses/austrian-theory/#lecture-what-do-you-think-of-alfred-marshall-author-of-principles-of-economics</guid>
    <pubDate>Fri, 07 Jan 2000 12:00:00 +0000</pubDate>
    <itunes:episode>7</itunes:episode>
    <itunes:author>Murray N. Rothbard</itunes:author>
    <itunes:duration>1:55</itunes:duration>
    <description><![CDATA[Rothbard argues Marshall absorbed marginal utility theory into his framework but trivialized it. His famous supply-and-demand scissors let him sideline Jevons and the Austrians entirely, paving the way for the Keynesian takeover that followed.]]></description>
    <enclosure url="https://library.freecapitalists.org/media/Austrian%20Theory/What%20do%20you%20think%20of%20Alfred%20Marshall%20%28author%20of%20Principles%20of%20Economics%29_%20Murray%20N%20Rothbard.mp3" length="229692" type="audio/mpeg"/>
  </item>
  <item>
    <title>How do you sum up Menger's contribution to Austrian Economics?</title>
    <link>https://freecapitalists.org/courses/austrian-theory/#lecture-how-do-you-sum-up-menger-s-contribution-to-austrian-economics</link>
    <guid isPermaLink="false">https://freecapitalists.org/courses/austrian-theory/#lecture-how-do-you-sum-up-menger-s-contribution-to-austrian-economics</guid>
    <pubDate>Sat, 08 Jan 2000 12:00:00 +0000</pubDate>
    <itunes:episode>8</itunes:episode>
    <itunes:author>Murray N. Rothbard</itunes:author>
    <itunes:duration>0:25</itunes:duration>
    <description><![CDATA[Rothbard argues Menger revived scholastic praxeology, grounding economics in individual action. He established that a consumer's subjective valuations determine the expected value of the factors of production entrepreneurs are willing to invest in.]]></description>
    <enclosure url="https://library.freecapitalists.org/media/Austrian%20Theory/How%20do%20you%20sum%20up%20Mengers%20contribution%20to%20Austrian%20Economics_%20Murray%20N%20Rothbard.mp3" length="49238" type="audio/mpeg"/>
  </item>
  <item>
    <title>What was Böhm-Bawerk's contribution?</title>
    <link>https://freecapitalists.org/courses/austrian-theory/#lecture-what-was-bohm-bawerk-s-contribution</link>
    <guid isPermaLink="false">https://freecapitalists.org/courses/austrian-theory/#lecture-what-was-bohm-bawerk-s-contribution</guid>
    <pubDate>Sun, 09 Jan 2000 12:00:00 +0000</pubDate>
    <itunes:episode>9</itunes:episode>
    <itunes:author>Murray N. Rothbard</itunes:author>
    <itunes:duration>0:46</itunes:duration>
    <description><![CDATA[Rothbard argues Boehm-Bawerk built out Menger's framework into a full value and price theory. He was long regarded as Menger's main-line successor until recent revisionists began recasting him as an outsider to true Austrianism.]]></description>
    <enclosure url="https://library.freecapitalists.org/media/Austrian%20Theory/What%20was%20Bohm-Bawerks%20contribution_%20Murray%20N%20Rothbard.mp3" length="90407" type="audio/mpeg"/>
  </item>
  <item>
    <title>What was Böhm-Bawerk's main criticism of Menger?</title>
    <link>https://freecapitalists.org/courses/austrian-theory/#lecture-what-was-bohm-bawerk-s-main-criticism-of-menger</link>
    <guid isPermaLink="false">https://freecapitalists.org/courses/austrian-theory/#lecture-what-was-bohm-bawerk-s-main-criticism-of-menger</guid>
    <pubDate>Mon, 10 Jan 2000 12:00:00 +0000</pubDate>
    <itunes:episode>10</itunes:episode>
    <itunes:author>Murray N. Rothbard</itunes:author>
    <itunes:duration>1:29</itunes:duration>
    <description><![CDATA[Rothbard argues Boehm-Bawerk thoroughly dismantled Menger's use theory of interest. Boehm-Bawerk showed there is no such extra payment, since buying something already buys its uses, and offered his own time-preference theory of interest instead.]]></description>
    <enclosure url="https://library.freecapitalists.org/media/Austrian%20Theory/What%20was%20Bohm-Bawerks%20main%20criticism%20of%20Menger_%20Murray%20N%20Rothbard.mp3" length="176925" type="audio/mpeg"/>
  </item>
  <item>
    <title>Why has Böhm-Bawerk been attacked by &quot;nihilist&quot; forces within Austrianism?</title>
    <link>https://freecapitalists.org/courses/austrian-theory/#lecture-why-has-bohm-bawerk-been-attacked-by-nihilist-forces-within-austrianism</link>
    <guid isPermaLink="false">https://freecapitalists.org/courses/austrian-theory/#lecture-why-has-bohm-bawerk-been-attacked-by-nihilist-forces-within-austrianism</guid>
    <pubDate>Tue, 11 Jan 2000 12:00:00 +0000</pubDate>
    <itunes:episode>11</itunes:episode>
    <itunes:author>Murray N. Rothbard</itunes:author>
    <itunes:duration>0:38</itunes:duration>
    <description><![CDATA[Rothbard argues nihilist Austrians attack Boehm-Bawerk because his framework underlies Mises's theory. With both Mises and Boehm-Bawerk rejected, only the safely distant Menger is left for the nihilists to claim as the one true Austrian.]]></description>
    <enclosure url="https://library.freecapitalists.org/media/Austrian%20Theory/Why%20has%20Bohm-Bawerk%20been%20attacked%20by%20_nihilist_%20forces%20within%20Austrianism_%20Murray%20N%20Rothbard.mp3" length="75883" type="audio/mpeg"/>
  </item>
  <item>
    <title>What is your favorite quotation on Marx?</title>
    <link>https://freecapitalists.org/courses/austrian-theory/#lecture-what-is-your-favorite-quotation-on-marx</link>
    <guid isPermaLink="false">https://freecapitalists.org/courses/austrian-theory/#lecture-what-is-your-favorite-quotation-on-marx</guid>
    <pubDate>Wed, 12 Jan 2000 12:00:00 +0000</pubDate>
    <itunes:episode>12</itunes:episode>
    <itunes:author>Murray N. Rothbard</itunes:author>
    <itunes:duration>0:49</itunes:duration>
    <description><![CDATA[Rothbard quotes a passage mocking Boehm-Bawerk's and H.W.B. Joseph's critiques of Marx's value theory as merely pedestrian, since even Marx's own followers never agreed on what he actually meant. Watching Marx's disciples argue among themselves is called a joy of an entirely different order, since none of them know what he meant either.]]></description>
    <enclosure url="https://library.freecapitalists.org/media/Austrian%20Theory/What%20is%20your%20favorite%20quotation%20on%20Marx_%20Murray%20N%20Rothbard.mp3" length="96677" type="audio/mpeg"/>
  </item>
  <item>
    <title>What is the function of the entrepreneur in economic equilibrium?</title>
    <link>https://freecapitalists.org/courses/austrian-theory/#lecture-what-is-the-function-of-the-entrepreneur-in-economic-equilibrium</link>
    <guid isPermaLink="false">https://freecapitalists.org/courses/austrian-theory/#lecture-what-is-the-function-of-the-entrepreneur-in-economic-equilibrium</guid>
    <pubDate>Thu, 13 Jan 2000 12:00:00 +0000</pubDate>
    <itunes:episode>13</itunes:episode>
    <itunes:author>Murray N. Rothbard</itunes:author>
    <itunes:duration>0:23</itunes:duration>
    <description><![CDATA[Rothbard argues Austrians study the real-world process by which markets move toward equilibrium. In that process the entrepreneur becomes the key figure, driven by the incentive to earn profits and to avoid losses.]]></description>
    <enclosure url="https://library.freecapitalists.org/media/Austrian%20Theory/What%20is%20the%20function%20of%20the%20entrepreneur%20in%20economic%20equilibrium_%20Murray%20N%20Rothbard.mp3" length="45372" type="audio/mpeg"/>
  </item>
  <item>
    <title>What is Mises's theory of the business cycle?</title>
    <link>https://freecapitalists.org/courses/austrian-theory/#lecture-what-is-mises-s-theory-of-the-business-cycle</link>
    <guid isPermaLink="false">https://freecapitalists.org/courses/austrian-theory/#lecture-what-is-mises-s-theory-of-the-business-cycle</guid>
    <pubDate>Fri, 14 Jan 2000 12:00:00 +0000</pubDate>
    <itunes:episode>14</itunes:episode>
    <itunes:author>Murray N. Rothbard</itunes:author>
    <itunes:duration>1:06</itunes:duration>
    <description><![CDATA[Rothbard argues Mises fused a monetary theory of payments with Wicksell's interest-rate analysis. When bank-created money and credit push the loan rate below the natural rate, the resulting boom in prices and euphoria is inevitably followed by contraction, bankruptcy, and liquidation.]]></description>
    <enclosure url="https://library.freecapitalists.org/media/Austrian%20Theory/What%20is%20Misess%20theory%20of%20the%20business%20cycle_%20Murray%20N%20Rothbard.mp3" length="131054" type="audio/mpeg"/>
  </item>
  <item>
    <title>How do recessions end?</title>
    <link>https://freecapitalists.org/courses/austrian-theory/#lecture-how-do-recessions-end</link>
    <guid isPermaLink="false">https://freecapitalists.org/courses/austrian-theory/#lecture-how-do-recessions-end</guid>
    <pubDate>Sat, 15 Jan 2000 12:00:00 +0000</pubDate>
    <itunes:episode>15</itunes:episode>
    <itunes:author>Murray N. Rothbard</itunes:author>
    <itunes:duration>0:39</itunes:duration>
    <description><![CDATA[Rothbard argues a recession is the market's necessary liquidation of unsound investment. Recovery requires wage rates and capital-goods prices to fall so resources shift into consumer goods, but propping up wages, as the New Deal did, blocks that adjustment and drags out the depression.]]></description>
    <enclosure url="https://library.freecapitalists.org/media/Austrian%20Theory/How%20do%20recessions%20end_%20Murray%20N%20Rothbard.mp3" length="77659" type="audio/mpeg"/>
  </item>
  <item>
    <title>What supply of money is optimal?</title>
    <link>https://freecapitalists.org/courses/austrian-theory/#lecture-what-supply-of-money-is-optimal</link>
    <guid isPermaLink="false">https://freecapitalists.org/courses/austrian-theory/#lecture-what-supply-of-money-is-optimal</guid>
    <pubDate>Sun, 16 Jan 2000 12:00:00 +0000</pubDate>
    <itunes:episode>16</itunes:episode>
    <itunes:author>Murray N. Rothbard</itunes:author>
    <itunes:duration>0:39</itunes:duration>
    <description><![CDATA[Rothbard argues any quantity of money the market arrives at is already optimal. Unlike growth in goods, services, or capital equipment, growth in the money supply raises no one's standard of living and has no social utility at all.]]></description>
    <enclosure url="https://library.freecapitalists.org/media/Austrian%20Theory/What%20supply%20of%20money%20is%20optimal_%20Murray%20N%20Rothbard.mp3" length="77659" type="audio/mpeg"/>
  </item>
</channel>
</rss>
