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Austrian vs. Neoclassical Analytics | Robert P. Murphy

Uploaded by: misesmedia
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Presented by Robert Murphy at the 2009 Mises University. Recorded 28 July 2009 at the Ludwig von Mises Institute; Auburn, Alabama.

Tags for this video: Robert Bob Murphy Ludwig von Mises Institute University Austrian Economics Neoclassical Analytics

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I have to ask: How ... ( 11 months ago by nonantianarchist)

I have to ask: How did Thomas Woods "not let the facts speak for themselves"? He pointed out the ways that the unfolding of the great depression fit with the Austrian theory and why the government used to "combat" the depression failed.

I think the ... ( 11 months ago by nonantianarchist)

I think the causality vs simultaneous determination model is the reason why neoclassical economists so often fail in things like determining the effects of monetary policy.

Keynesian economics ... ( 11 months ago by peepnklown)

Keynesian economics has had enough time in the American economy to be shown as a failure. It is time to allow the Austrian school time in the American economy.

What Bob is saying ... ( 11 months ago by StrafingMoose)

What Bob is saying when he says you have to know what facts to focus on before having a theory is; use philosophy.
Philosophy is having a self-consistent logical premise before delving into empirical facts. If you don't then, then you end up with nonsense like; the sun is closer to the earth than the moon because it seems somewhat bigger, earth is flat because yeah, when you look at the horizon it indeed looks flat, etc.

THIS GUY IS A BRAIN ... ( 11 months ago by joeymackaroni)

THIS GUY IS A BRAIN!
no wonder he wrote THE study guide to HUMAN ACTION after others attempted and failed

"We know that ... ( 11 months ago by Jaycephus01)

"We know that physics works. That's the Queen of the Sciences. So everyone who want's to call themselves scientists wants to be like a physicist... like in the 40's when we built the atom bomb. 'Wow, WE -economists- can't kill millions of people... these guys are cool!' "
I immediately thought, "Except Marxists, socialists, etc. with THEIR economics CAN..." And then Murphy makes the point that, "Actually, Keynesians could..."
LOL

Murphy is the man. ... ( 11 months ago by tecmason)

Murphy is the man. I am a stubborn, stubborn person, and he almost single-handedly changed my political affiliation from republican/small government to Anarcho-Capitalist with his "Chaos Theory: 2 essays on Market Anarchy". His ability to predict objections to his theories and answer them is second only to Murray Rothbard from what I hav read.

i have that same ... ( 6 months ago by Estevinyo)

i have that same tie, it dimples on the left too

I also Believe in ... ( 6 months ago by cjanne9)

I also Believe in the great Australian-School
of Economics.The great Bruce Foster from University of Canberra with desciples like Prof. Mrs. Mathilda Waltz
invented the Micronesian-Economy of Tariff Trading Theory and even predicted
9 of the 5 last recessions.Great school!

I've been watching ... ( 6 months ago by Leobons)

I've been watching these misesmedia's videos for 3,4 hours everyday for like a week now. This gotta be the best channel on you tube, very well done!

Though, I ... ( 3 months ago by DaveDoggOwns)

Though, I understand WHY Neoclassicals think everything is interdepended and "everything caused" X to occur, clearly there are some events that are more relevent causes then others. If your wife catches you cheating you wouldn't say "Well, someone in India got stung by a Wasp and this resulted in a chain reaction of causes that eventually caused me to cheat on you". Even if it's true it's still a bullshit excuse.

Lol i just did a ... ( 1 week ago by NicosMind)

Lol i just did a search there and i found Robert singing in that Karaoke he mentioned watch?v=TaqXalODVxc

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How Politicians and Citizens Should Deal with Depression \| Robert P. Murphy	Speakers' Panel \| Recovery or Stagnation?	Praxeology: The Austrian Method \| Hans-Hermann Hoppe

Bob Murphy vs Fed Economist: Did the Fed Avert a Second Great Depression?	Authors Forum: 'Human Action' Study Guide \| Robert P. Murphy	Prepare for the Worst \| Ron Paul

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Austrian vs. Neoclassical Analytics | Robert P. Murphy