The Human Action Podcast

Bob looks at the misconceptions and misuses of GDP accounting, explaining why this widely accepted metric often paints a misleading picture of economic health.Bob's 2009 Mises Article on Krugman: Mises.org/HAP482aHuman Action Podcast Episode 481 on Business Cycle Theory: Mises.org/HAP482bBob's Mises Article on GDP: Mis

Bob walks through diagrams from Hayek's famous LSE lectures to explain the Austrian view of the boom-bust cycle.The Diagrams Referenced in this Episode: Mises.org/HAP481aHayek's Prices and Production: Mises.org/HAP481bRothbard's Man, Economy, and State: Mises.org/HAP481cBob's Study Guide to Man, Economy, and State: Mis

Matt McCaffrey is a former Mises Institute research fellow with an expertise in the American economist (and Austrian fellow-traveler) Frank Fetter. He joins Bob to discuss his newly published journal article exploring the dispute Fetter had with the august British economist Alfred Marshall over the theory of rent.Dr. M

Keith Smith, MD is an anesthesiologist and founder of the cash-price Surgery Center of Oklahoma. In the wake of the shooting of UnitedHealth CEO Brian Thompson, Keith explains why US health care is so expensive and how to fix it. The Surgery Center of Oklahoma: Mises.org/HAP479aThe Story of the $100 Hospital Aspirin: M

Using the heavily marketed movie "Wicked" as his news hook, Bob explains that the beloved Wizard of Oz movie involved an allegory of the bimetallism debates of the late 1800s, including William Jennings Bryan's famous "Cross of Gold" speech. Bob fills in the details about the Wizard of Oz lore, and then explains the ec

David Glasner is a UCLA-trained economist specializing in monetary theory and the history of economic thought. He has disagreed in print with Murphy's take on the famous Sraffa-Hayek debate. David first explains his general views and then comments on the debate.Bob's Paper, "A Problem With the Pure Time Preference Theo