Advanced Austrian Economics

Two of the world's leading Austrian economists, Dr. Per Bylund & Dr. Walter Block, school us in Advanced Austrian Economics. This episode assumes the viewer has some background knowledge of the field. Topics covered include the Evenly Rotating Economy (ERE), the Law of Marginal Utility, High vs. Low Time Preference & it's cultural implications, Monopoly & Competition, the Nature & Role of the Firm, & Automation. *(If you're new to Austrian economics, episode 68 will serve as a solid primer to this more advanced discussion)*