Lecture series · recorded 2010
The Failure of the "New Economics"
The Failure of the "New Economics" is a free lecture series (33 recordings, 18.5 hours) you can stream or download at freecapitalists.org, with Henry Hazlitt.
Henry Hazlitt's line-by-line commentary and refutation of Keynes's General Theory, one of the most destructive, fallacious, and convoluted books of the twentieth century. Narrated by Josiah Schmidt.
Read the book: Failure of the 'New Economics' by Henry Hazlitt, free to download here.
Cover painting: John Maynard Keynes finishing the General Theory manuscript by lamplight, Cambridge, 1935. See every painting in the art gallery.
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01
2:07 Download MP3
Acknowledgements 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 212 words
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02
28:40 Download MP3
1. Introduction 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 3,334 words
Read the book chapter 3,683 words
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03
52:47 Download MP3
2. Postulates of Keynesian Economics 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 5,991 words
Read the book chapter 5,997 words
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04
28:53 Download MP3
3. Keynes vs. Say's Law 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics Overview
Read the transcript 3,416 words
Read the book chapter 3,826 words
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05
41:34 Download MP3
4. Overture 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 4,597 words
Read the book chapter 4,927 words
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06
16:00 Download MP3
5. "Labor Units" and "Wage Units" 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 1,854 words
Read the book chapter 1,877 words
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07
7:50 Download MP3
6. The Role of Expectations 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 783 words
Read the book chapter 888 words
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08
22:55 Download MP3
7. "Statics" vs. "Dynamics" 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 2,585 words
Read the book chapter 2,733 words
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09
51:49 Download MP3
8. Income, Saving and Investment 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 6,267 words
Read the book chapter 6,217 words
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10
1:11:59 Download MP3
9. "The Propensity To Consume": I 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 8,682 words
Read the book chapter 9,464 words
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11
15:47 Download MP3
10. "The Propensity To Consume": II 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 2,079 words
Read the book chapter 2,004 words
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12
50:31 Download MP3
11. "The Multiplier" 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 6,077 words
Read the book chapter 6,543 words
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13
36:28 Download MP3
12. "The Marginal Efficiency Of Capital" 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 4,710 words
Read the book chapter 4,941 words
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14
36:01 Download MP3
13. Expectations And Speculation 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 4,699 words
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15
24:56 Download MP3
14. "Liquidity Preference" 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 3,121 words
Read the book chapter 3,437 words
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16
45:04 Download MP3
15. The Theory Of Interest 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 6,024 words
Read the book chapter 6,186 words
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17
47:45 Download MP3
16. Confusions About Capital 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 6,049 words
Read the book chapter 6,248 words
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18
43:45 Download MP3
17. "Own Rates Of Interest" 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 5,460 words
Read the book chapter 5,712 words
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19
24:08 Download MP3
18. The General Theory Restated 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 2,948 words
Read the book chapter 3,027 words
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20
53:32 Download MP3
19. Unemployment And Wage-Rates 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 7,046 words
Read the book chapter 7,625 words
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21
18:27 Download MP3
20. Employment, Money, And Prices 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 2,439 words
Read the book chapter 2,514 words
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22
58:54 Download MP3
21. Prices And Money 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 7,348 words
Read the book chapter 7,520 words
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23
45:01 Download MP3
22. The "Trade Cycle" 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 5,559 words
Read the book chapter 5,700 words
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24
1:29:39 Download MP3
23. Return To Mercantilism? 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 11,480 words
Read the book chapter 11,989 words
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25
51:21 Download MP3
24. Keynes Lets Himself Go 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 5,926 words
Read the book chapter 5,908 words
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26
13:39 Download MP3
25. Did Keynes Recant? 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 1,487 words
Read the book chapter 1,745 words
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27
24:31 Download MP3
26. "Full Employment" As The Goal 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 2,606 words
Read the book chapter 2,824 words
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28
32:56 Download MP3
27. "The National Income Approach" 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 3,491 words
Read the book chapter 3,625 words
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29
21:19 Download MP3
28. The Keynesian Policies 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 1,958 words
Read the book chapter 1,424 words
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30
23:42 Download MP3
29. Summary 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 2,452 words
Read the book chapter 2,463 words
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31
7:02 Download MP3
A Note On Books 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 702 words
Read the book chapter 704 words
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32
15:21 Download MP3
Appendix A: The 1919 Prophecies 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 1,718 words
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33
7:19 Download MP3
Appendix D 2010
From The Failure of the "New Economics". Narrated by Josiah Schmidt.
Austrian Economics OverviewOther Schools of Thought
Read the transcript 744 words
Read the book chapter 727 words
People in this series
Speakers
Recording dates, summaries and topics for 33 of these 33 lectures come from the Mises Institute's page for The Failure of the "New Economics", checked 2026-08-04.
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Threads on Mises Community, this archive's companion forum, whose titles name this course. These are reader conversations, not part of the archive.
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"Socialism" and "The Failure of the New Economics"Dormant
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About this series
- Is The Failure of the "New Economics" free to listen to?
- Yes. All 33 mirrored recordings stream in the browser or download as audio, at no cost and with no signup.
- How long is The Failure of the "New Economics"?
- 33 recordings, 18.5 hours in total.
- When was The Failure of the "New Economics" recorded?
- 2010, per the recording dates recovered for this series.
- Is the book behind The Failure of the "New Economics" available here?
- Yes. Failure of the 'New Economics' by Henry Hazlitt is in this archive as a free download, on its own page.
- Is there a transcript of The Failure of the "New Economics"?
- Yes. Every lecture in the series has one, 133,844 words in total, free to read on each lecture's page and searchable in the browser.
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