Posts by Robert Murphy
Ep. 513 What Defines an Asset Bubble? What Got Us Out of the Depression?
Adam Haman helps Bob dissect a recent episode of the Coleman Hughes show, where he interviewed Iman Virjee on his new book on asset bubbles. Bob clarifies the description, and then pushes back on Virjee’s analysis of the Great Depression. Mentioned in the Episode and Other Links of Interest: The YouTube version of this episode.…
Ep. 512 The Rise and Fall of the Labor Theory of Value
Relying on his Journal of Libertarian Studies review essay of Kevin Carson’ book on mutualism, Bob first explains–and then critiques–the labor (and cost) theory of economic value. This was not exclusively a Marxist idea; it was held by Adam Smith and other classical economists. Mentioned in the Episode and Other Links of Interest: Bob’s paper…
Ep. 511 Adam Haman and Bob Murphy Review McMurtry’s “Lonesome Dove”
Adam Haman returns for another literary episode, this one reviewing Larry McMurtry’s classic Western, “Lonesome Dove.” He and Bob praise not just the story, but the novel’s writing too. Mentioned in the Episode and Other Links of Interest: The YouTube version of this episode. This episode’s sponsor, the free Plan-B guide from ExPatMoney. The HamanNature…
Ep. 510 Brian Albrecht Shows a Flaw in the “Waterbed” Critique of Market Power
Economist Brian Albrecht explains his discovery of a surprising–but critical–missing link in a popular argument against market power. Specifically, Brian shows that the standard work in this literature doesn’t even allow consumer harm as a possibility of firms merging. Mentioned in the Episode and Other Links of Interest: The YouTube version of this episode. Albrecht’s…
Ep. 509 Responding to Jeremy Kauffman on Libertarian Party Strategy
Adam Haman returns to help Bob offer praise and criticism for Jeremy Kauffman’s recent speech at the Libertarian Party’s national convention, as well as his appearance on the Tom Woods Show. Mentioned in the Episode and Other Links of Interest: The YouTube version of this episode. Jeremy Kauffman’s appearance on the Tom Woods Show. His…