Is the socialist calculation problem severe enough to account for the collapse of communism? We discuss that, as well as the Rothbardian contribution to monopoly theory, and whether it makes sense to think of a “monopoly price” on the free market.
About the Guest
Jeffrey M. Herbener is chairman of the department of economics at Grove City College and associate editor of the Quarterly Journal of Austrian Economics. He has also produced economics courses for Liberty Classroom.
Sponsor
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Article Discussed
“Why I Am Not an Austrian Economist,” by Bryan Caplan
Related Episode
Ep. 419 Austrian Business Cycle Theory: Answering the Critics
Previous Appearances
Ep. 488 Welfare Economics: Rothbard Was Right
Ep. 456 Monopoly Is Everywhere, Say Mainstream Economists; Austrians Roll Eyes
Ep. 403 Austrian Microeconomics: Where the Critics Go Wrong
Ep. 269 End the Fed, Then What?
Ep. 257 Austrian Economics vs. a Mainstream Text
Ep. 172 The Fallacies of GDP
Ep. 130 The Fallacies of ‘Public Goods’
Other Podcast
Enjoy the Tom Woods Show? You’ll love my once-a-week podcast with Bob Murphy, Contra Krugman!
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