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Ep. 125 Mateusz Machaj on the Structure of Production in Economic Theory, and the Political Philosophy of the Star Wars Prequels

Austrian economist and Mises Institute Fellow Mateusz Machaj discusses two of his books. The first is a technical work explaining how the Austrian structure of production concept can help resolve puzzles in economics. Machaj’s second book analyzes the political philosophy behind the Star Wars prequels. This episode contains deep insights that will inform even advanced students of both…

Ep. 123 Faulty Economic Justifications for the Coronavirus Lockdowns

Bob explains some of the basic–but crucial–errors in the cost/benefit analyses that have been offered by economists to justify the political lockdowns issued in light of the coronavirus. Specifically, economists have conflated voluntary physical distancing with coerced lockdowns, and they are also misusing the concept of a Value of a Statistical Life (VSL). Mentioned in…