350 Years of Economic Theory in 50 Minutes | Mark Thornton

Featuring author and scholar Dr. Mark Thornton, this lecture was presented to a group of home school parents and students.

Category:

Education

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• Austrian
• Economics
• Economy
• education
• free
• markets
• freedom
• Home
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• Mark
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• property

[martingrannholmen]

Economics is not science, inb4 negtrain

[odijie12]

@SeppLainer There is a difference. Austrians are what communism is to the left. They classify Friedman as a statist. I think Friedman was smart and realistic but to turn to just one point, how come these guys talk about government intervention in the market but refuse to classify immigration as one. Immigration control is the single biggest govt. intervention. I am therefore surprised as to why they are yet to advocate this argument by logic of their own theory.

[SeppLainer]

@odijie12

splitting hairs...

[odijie12]

@SeppLainer. There is no such thing as scientific axioms. Science is a practical activity that goes through observation and experiment. It is not science if it lacks testability and falsifiability. There is no place for maxim in any intellectual activity and this is why i think Austrians are demeaning the classical school. I go with Milton Friedman.

[SeppLainer]

Welp, unlike "religious believers" our ideals aren't vested in faith, it's vested in reality.

[pipem4n]

I'd rather have this barbaric relic that u and any other shmuck in washington can't touch than some paper scraps in my pocket that can be literally dissolved into nothing just by printing more of the stuff. No - government should stay away from money and what ppl. decide it will be. And yes, the line from 18:24 is all true. U have to use argument. Like: government sponsored schools and college scholarships made schools horrible and college enormously expensive, diploma worthless

[amatic000]

This is a creepy talk. Talks like this is why non-austrians consider austrians "religious believers".

[diogotomediogo]

great lecture overall. i like this guy. he correctly predicts the crisis we are in, he knows how inflation is created and shared it's secrets. he explained how price controls are bad for the people and how we should look at the results of each policy and not to its intentions. but come on... 18:24 - 18:59 it's just pure nonsense. also, about the gold standard, please consider what sir Keynes had to say: "In truth, the gold standard is already a barbarous relic".

[KevinSheerin]

@misesmedia also what year was this lecture given/ could you put it in the description!

[KevinSheerin]

@misesmedia please change the video title it leads to people shutting off because of assertions like "the title is misleading" or "this guy is just inflating his ego and not talking about history" Something along the lines of " Intelligent economics from an austrian perspective" or "Austrian economics 101".