Ep. 1035 How Ludwig von Mises Fixed Economics (But Ingrates Won't Thank Him)
Release Date: 11/09/2017
Mises was of course one of the great economists, and casual followers rightly credit him for his work on the problems with socialism, or the origins of business cycles, or other topics with obvious policy implications. Often overlooked, however, is how Mises solved a major problem within economics itself, having to do with monetary theory and marginal utility. Bob Murphy joins me to give us an even fuller appreciation of Mises' genius and importance.