Why Economic Inequality Is a Good Thing | Mark Thornton
Is equality good and inequality bad?
Over the known history of man, increasing economic inequality is associated with rising standards of living for all. Using common analogies, increased economic inequality lifts all boats, and not only increases the size of the economic pie, but also cuts everyone larger pieces of pie.
Weaving Austrian insights together with firsthand knowledge of technological innovation, Hunter outlines how the technology of the “cognitive assistant” can help empower entrepreneurship and usher in a new age of individualism.
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https://www.youtube.com/watch?v=MXpdUTD1M1M
View the full episode at https://Mises.org/RR65
Radio Rothbard is a weekly podcast featuring a cast of Mises Institute voices and special guests. The show tackles politics, current events, culture, media, and of course the predatory state, all from an uncompromising Rothbardian perspective. Radio Rothbard is the weekly anti-politics podcast you won't want to miss!
To subscribe on your favorite platform, visit https://Mises.org/RothPod
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https://www.youtube.com/watch?v=z5cyDVQ_K8c
In this episode of the Human Action Podcast, Bob welcomes guest Joshua Mawhorter to discuss his recent article on the role of government in sustaining slavery. The conversation covers several key points, including slave patrols, fugitive slave laws, manumission restrictions, and constitutional subsidies. Mawhorter argues that slavery persisted largely due to government intervention rather than free-market mechanisms and highlights the inefficiencies and extensive costs associated with maintaining the institution. They also touch on modern discussions of reparations and the historical patterns of slavery's abolition in other countries.
Josh's Mises Wire Article, "Governments Had a Major Role in Sustaining Slavery": https://Mises.org/HAP465a
Mark Thornton, "Slavery, Profitability, and the Market Process": https://Mises.org/HAP465b
Jeffrey Hummel, "The Political Economy of Slavery, Secession, and Emancipation": https://Mises.org/HAP465c
Jeffrey Hummel, "U.S. Slavery and Economic Thought": https://Mises.org/HAP465d
Alan Olmstead, "Cotton, Slavery, and the New History of Capitalism": https://Mises.org/HAP465e
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https://www.youtube.com/watch?v=ifx_Co9Xgc8
Recorded at the Mises Institute in Auburn, Alabama, on 19 July 2019.
Mises University is the world's leading instructional program in the Austrian school of economics. Mises.org/MU19
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https://www.youtube.com/watch?v=ENWRh2nw3IU
Entrepreneurship is a method, and it’s also a mindset. Fabrice Testa has written a book that brilliantly integrates the two: he calls the integration "Super Entrepreneurship," and his book title is therefore Super Entrepreneurship Decoded. He has the appropriate credentials as a proven super-entrepreneur who has created and nurtured numerous great companies (and successfully sold a couple of them).
Fabrice knows the true meaning of the phrase, “The day before something is a breakthrough, it’s a crazy idea”.
Show notes: https://mises.org/library/fabrice-testa-super-entrepreneurship
Super-Entrepreneurship Decoded: 5 Secret Keys to Create Breakthrough Businesses that Change the World by Fabrice Testa: https://Mises.org/E4B_139_Book
"Super Entrepreneurship" (PDF): https://Mises.org/E4B_139_PDF
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https://www.youtube.com/watch?v=q6_TdjDF6N0
Join Tom DiLorenzo, Joe Salerno, and Patrick Newman in Tampa on February 17. Use code "Action24" for 15% off admission: https://Mises.org/Tampa2024
Tyler Cowen is Holbert L. Harris Chair of Economics and chairman of the Mercatus Center at George Mason University. With Alex Tabarrok, he runs the popular economics blog Marginal Revolution. Tyler joins Bob to discuss his latest book.
Tyler's New Book for Free: https://Mises.org/HAP428a
Tyler's Blog: https://Mises.org/HAP428b
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
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Chapters
00:00 Join the Mises Institute in Tampa!
00:45 Free Book!
01:19 Introduction
01:38 Tyler's New Book
05:13 Was Mises a GOAT?
10:30 Are the Economic Classics Still Worth Reading?
12:47 Was Irving Fisher a GOAT?
14:38 Why Kenneth Arrow Didn't Make the List
18:47 Why Hayek is a GOAT
22:10 Keynes and The Apostles
25:28 Keynes' Broader Vision
28:24 Tyler's Encounter with Hayek
30:35 Simulating the Economy with AI
31:45 Was Thomas Malthus a GOAT?
34:08 Milton Friedman
37:06 Friedman and the Draft
39:20 Where to Find More from Tyler Cowen
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https://www.youtube.com/watch?v=zQnkQGsiZjw
In an attenuated Christmas Eve podcast, Hunter Hastings highlights four of the useful principles he covered during 2019.
Show Notes: https://mises.org/library/2019-review-four-principles-austrian-economics-you-can-usefully-apply-your-business
Economics For Entrepreneurs is also available on...
iTunes: https://itunes.apple.com/us/podcast/economics-for-entrepreneurs/id1453233518?mt=2
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and via RSS: https://mises.org/itunes/735
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https://www.youtube.com/watch?v=adIeWuG4UXU