The History of Economic Thought: From Marx to Hayek
Channel Details
The History of Economic Thought: From Marx to Hayek
Murray Rothbard died before he could write the third volume of his famous History of Economic Thought, which would cover the birth and development of the Austrian School, through the Keynesian Revolution and Chicago School. With this six-lecture course, however, the History of Economic Thought is co...
Recent Episodes
6 episodes
6. Hayek and His Lamentable Contemporaries
The Nobel award to F.A. Hayek in 1974 went directly against the tradition of that prize to go only to mathematical forecasters, left-liberals, and gov...
5. Mises and Austrian Economics
The essence of Austrian economics is based on the analysis of individual action. In other words, it is about individuals doing things, having purposes...
4. Menger and Böhm-Bawerk
Carl Menger, 1840-1921, founded Austrian economics. Eugen von Bohm-Bawerk was the most important student. Weiser was his brother-in-law, but was fair...
3. The Pre-Austrians
Richard Cantillon was quite Misesian before Mises. He wrote of utility theory and the entrepreneur’s uncertainty in the 1970s. Cantillon was a great m...
2. The Emergence of Communism
The roots of Marxism were in messianic communism. Marx’s devotion to communism was his crucial point. Violent, worldwide revolution, in Marx’s versio...
1. Ideology and Theories of History
The Whig Theory of History as developed in the 19th century still dominates textbooks today. The Whigs say that history is an inevitable march upward,...