We have reached the end of Murray Rothbard's definitive treatise Man, Economy, and State! Dr. Patrick Newman joins the show to wrap up the final chapters—labeled separately as Power and Market—showing Rothbard's economic analysis of government interventions. Newman and Jeff Deist discuss this quintessentially Rothbardian treatment of everything from price controls to taxes to subsidies to "public ownership," presented as always with clarity and devastating logic. Want to find out why the original publisher thought these concluding chapters were too hot for an economics treatise? Don't miss this episode! Use the code HAPOD for a discount on Man, Economy, and State from our bookstore: Mises.org/BuyMES Bob Murphy's study guide to Man, Economy, and State: Mises.org/StudyMES​ Man, Economy, and State: Mises.org/MES ... https://www.youtube.com/watch?v=FVa_HcLug58

For entrepreneurs, the future is not risky, it’s uncertain. Risk is a calculable mathematical probability, like the result of 1000 tosses of a (fair) coin, or the likelihood of you being involved in a car accident in 40 years of driving on US interstate highways. The outcomes of entrepreneurial decision making are not calculable. They can’t be computed. Yet entrepreneurs need to make decisions, without having all the facts in hand today, and without knowing the odds of the future results. That’s uncertainty. Show notes: https://mises.org/library/peter-klein-four-considerations-delegation-derived-judgment "Uncertainty and Entrepreneurship" (PDF): Mises.org/E4E_72_PDF Read Peter Klein's paper (with Kirsten Foss and Nicolai J. Foss), "Original and Derived Judgment: An Entrepreneurial Theory of Economic Organization": Mises.org/E4E_72_Paper 'Organizing Entrepreneurial Judgment: A New Approach to the Firm' by Peter Klein and Nicolai Foss: Mises.org/E4E_72_Book Economics For Entrepreneurs is also available on... Apple Podcasts: https://itunes.apple.com/us/podcast/economics-for-entrepreneurs/id1453233518?mt=2 Google Play: https://play.google.com/music/m/Iz2umketq6fu5npyjpb57b7z2cq?t=Economics_For_Entrepreneurs Stitcher: https://www.stitcher.com/podcast/mises-institute/economics-for-entrepreneurs?refid=stpr Soundcloud: https://soundcloud.com/misesmedia/sets/economics-for-entrepreneurs Spotify: https://open.spotify.com/show/7A1kY8ksk1qL2oNf0i97Zp and via RSS: https://mises.org/itunes/735 ... https://www.youtube.com/watch?v=8O4NLOcsEFI

Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2015. ... https://www.youtube.com/watch?v=mJrOTPNZGrU

Business success is a function of knowledge — the right knowledge at the right time applied in the right way. But knowledge is always scarce and incomplete and sometimes wrong. It is best to regard knowledge as a process: continually gathering changing knowledge from a wide range of sources to integrate into decision-making and action. Austrian economics can provide that integration, helping businesspeople with sense-making in a complex, ever-changing world of knowledge. Yousif Almoayyed joins Economics For Business to share his knowledge journey and the ways in which Austrian Economics provided him with the required integrating theory. Show notes: https://mises.org/library/yousif-almoayyed-how-austrian-economics-helps-me-make-best-use-all-my-business-knowledge ... https://www.youtube.com/watch?v=hLxWD5wFgFU