Phil Magness returns to discuss the sound and unsound aspects of the New York Times’ 1619 Project. Topics include Lincoln and the colonization of the former slaves, the role of slavery in the American Revolution, and slavery’s role in American prosperity. Sponsor This election season,… Read More
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Ep. 1521 Why Economists Never Took Marx Seriously
It’s fashionable to like Karl Marx again, so it’s worth remembering that economists dismissed him from the beginning. The Marginal Revolution of the early 1870s upended the foundations of Marxism, and Marx himself never seems to have recognized what happened. Phil Magness, editor of a… Read More
Ep. 1478 New York Times Thinks Slavery Drives Economic Progress
The New York Times recently announced its “1619 Project,” by which it intends to demonstrate that “nearly everything that has made America exceptional grew out of slavery.” Our friend Phil Magness points out that in its economics it relies on now-debunked statistical claims. Also, I… Read More
Ep. 1462 The Moral Mess of Higher Education
Phil Magness discusses his new book (with Jason Brennan) about the problems with higher education. They aren’t talking about ideological conformity, bad as that is. They are discussing other problems, just as deep and pervasive. For example, most academic marketing and advertising is semi-fraudulent. To… Read More
Ep. 1274 Major Discovery: Previously Lost Works by Lysander Spooner
Lysander Spooner, the great 19th-century individualist anarchist, evidently wrote on banking and currency competition, but those works had been lost until now. Phil Magness, through some clever detective work, tracked them down and they’re now available, published via the American Institute for Economic Research ! (They also shed light on… Read More
Ep. 1211 Major Smear Job on Libertarians, One Year Later: Nancy MacLean (Sort of) Responds
Historian Phil Magness joins me to discuss the controversy over Nancy MacLean’s book Democracy in Chains, which claims to trace a massive racist, right-wing conspiracy back to — of all people — academic economist James Buchanan, who is associated with Public Choice economics. The book is… Read More
I Sat Through Total Crap in the Disney Hall of Presidents
The best thing I can say about Disney’s Hall of Presidents is that it’s air conditioned. On a hot day a couple weeks ago when I was in town to speak at the Libertarian convention, we spent a day at Disney. (No kids this time.)… Read More
Ep. 462 We Found a Major Flaw in the Egalitarian Argument
Gene Epstein discovered a crushing flaw in the argument of Thomas Piketty, whose book Capital in the 21st Century has been used as an indictment of capitalism and inequality. He shares it in this episode! About the Guest Gene Epstein is economics and book review… Read More
Ep. 318 Piketty Taken Down for Good?
Thomas Piketty’s Capital in the 21st Century was supposed to be the definitive condemnation of capitalism as an anti-social engine of inequality, but the closer his work is examined, the more unreliable it turns out to be. Phil Magness tells the truth in today’s episode! About… Read More
The Tom Woods Show Library of Episodes
Subscribe to the show for free on Apple Podcasts or Stitcher and never miss an episode! Ep. 1547 The Country Where Libertarian Thought Is Thriving – December 4, 2019 – Raphael Lima Ep. 1546 Another Multimillionaire Who Didn’t Use His College Training – December 2, 2019 – Aidan Booth Ep. 1545 What Is the… Read More