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Posts by Robert Murphy

Ep. 516 Bob Murphy Interviewed About the Future of AI

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Bob recently appeared on the “Human Reaction” podcast, where host David Rand asked him various questions concerning the economics of AI. Although frequent BMS listeners will have heard these themes before, there is new material in this discussion. Mentioned in the Episode and Other Links of Interest: The YouTube version of this episode. The Human…

Ep. 515 The “Crime of ’73” and Other Episodes in US Economic History

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Adam Haman returns to further discuss US monetary and economic history, with an emphasis on understanding the designs of the “American System” (propounded by Hamilton and later Clay). Mentioned in the Episode and Other Links of Interest: The YouTube version of this episode. The previous BMS ep. 507 on this topic. The Phoenician League archives.…

Ep. 514 Bryan Caplan on the Strengths and Weaknesses of Rothbard’s “For a New Liberty”

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GMU economics professor Bryan Caplan discusses his recent substack series going through Rothbard’s classic, For a New Liberty, chapter by chapter. Mentioned in the Episode and Other Links of Interest: The YouTube version of this episode. The cited chapter summaries from Bryan Caplan’s review of Rothbard: nine, twelve, thirteen, fourteen, and fifteen. This episode’s sponsor,…

Ep. 512 The Rise and Fall of the Labor Theory of Value

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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…