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Pigou was most famous for his work the The Economics of Welfare and "Pigouvian" taxes and subsidies are named after him. Frank Knight was most famous for his work Risk, Uncertainty and Profit and for founding the Chicago School.
"Some Fallacies in the Interpretation of Social Cost" by Frank H. Knight:
Script for this video:
If you want you can think of this as a response to this old video by spawktalk which I should have responded to at the time: http://youtube.com/watch?v=EAEgpY__vOQ
Strangely I even remember my economics teacher telling me stagflation was caused by cost-push factors. Yikes.
Script for this video:
Blog posts by me on money:
Credit to the Tom Woods Show: http://schiffradio.com/pg/jsp/verticals/archive.jsp?dispid=310&pid=62973
I didn't really put much effort into this video but it needed to be made.
Response to the beginning of this: http://youtu.be/blWxHMEqGyo
The script for this video is here: http://ordnungsokonomik.tumblr.com/post/61062438417/debunking-ryans-protectionism
My mathematical model can be found here: http://ordnungsokonomik.tumblr.com/post/61549899368/addendum-to-my-post-on-protectionism
Bryan Caplan starts speaking at 5:47. Charles Murray starts speaking at 47:47. I thought this was very interesting, and should be interesting to anyone interested in behavioural genetics.
Credit to the Cato Institute. Source: http://cato.org/multimedia/events/selfish-reasons-have-more-kids
Q&A begins at 1:07:47.
More of Friedman's talks can be found here: http://daviddfriedman.com/MyTalks/MyRecentTalks.html
David Friedman's website is here:
Fascinating talk by Bryan Caplan on education at the Applying Liberty seminar on June 23, 2010. The lecture looks at answering the question: do schools provide useful skills and knowledge for students' professional development?
Credit to FEE. Source: http://fee.org/media/the-case-against-education/
Full credit to the Seasteading Institute. Source: http://seasteading.org/2009/11/david-d-friedman-legal-systems-very-different-from-ours/
David Friedman's website: http://daviddfriedman.com
At the 2009 Seasteading Conference, David D. Friedman customized his academic seminar entitled Legal Systems Very Different from Our Own as the basis for his presentation, narrowing in on the two possible high-level legal situations for a seastead: one arising from existence inside the territorial waters of an existing state, and one emergent of a clearly independent existence out on the high seas.
There are theoretically endless legal configurations possible, but it can be difficult for residents of ostensibly monolegal systems — countries in which only one system of legality applies to all citizens in all places — to imagine how polylegalities could arise and be of benefit to a seastead. Friedman uses examples from history and the actuality of legal process in modern life (particularly tort law versus criminal law in the United States) to demonstrate that polylegal states have been far from marginal in human societies and may strongly inform the formation of certain seasteading configurations.
Friedman's perspective draws from a staggeringly colorful variety of historical legal systems and anthropological situations, from modern gypsies to saga-period Iceland to classical Athens, and many more. Will the first Seasteads arise first from, as David Friedman puts it, "a sort of a collection of different kinds of nuts" in a polylegal agglomeration, or from situations far more homogenous and uniform? Listen to his talk and envision the possibilities!
David Friedman offers some economic jokes from his book, "Hidden Order: The Economics of Everyday Life. This is a C-SPAN interview aired on August 21, 1996. Sorry for the terrible audio/video quality.
David Friedman starts speaking at 4:27.
Is there a market for good law? Without the state providing law, could it be offered by multiple, private, and competing agencies?
David Friedman, professor of law at Santa Clara University, explored this idea in his classic 1973 book, The Machinery of Freedom: Guide to a Radical Capitalism. But in the years since, he's revised and strengthened some of his theories. In this talk, Friedman will offer these new ideas from the last 30 years of thinking about the market for law.
The legal system of medieval Iceland:
Chapter of The Machinery of Freedom on Police, Courts and Law on the Market:
An in-depth explanation of the differences between the Keynesian School and the Austrian School of economics.
David Friedman starts speaking at 2:50.
On October 5th, 2011 David Friedman gave the following speech at The Future of Freedom Foundation's "Economic Liberty Lecture Series." The speech ""Market Failure: An Argument Both For and Against Government"" can viewed above in its entirety. The Economic Liberty Lecture Series is a co-sponsored event of The Future of Freedom Foundation and the George Mason University Economics Society. Past lectures can be viewed at FFF's "Conference Classroom":
"It is true that the theory of our Constitution is, that all taxes are paid voluntarily; that our government is a mutual insurance company, voluntarily entered into by the people with each other.
But this theory of our government is wholly different from the practical fact. The fact is that the government, like a highwayman, says to a man: "Your money, or your life." And many, if not most, taxes are paid under the compulsion of that threat.
The government does not, indeed, waylay a man in a lonely place, spring upon him from the roadside, and, holding a pistol to his head, proceed to rifle his pockets. But the robbery is none the less a robbery on that account; and it is far more dastardly and shameful.
The highwayman takes solely upon himself the responsibility, danger, and crime of his own act. He does not pretend that he has any rightful claim to your money, or that he intends to use it for your own benefit. He does not pretend to be anything but a robber. He has not acquired impudence enough to profess to be merely a "protector," and that he takes men's money against their will, merely to enable him to "protect" those infatuated travellers, who feel perfectly able to protect themselves, or do not appreciate his peculiar system of protection. He is too sensible a man to make such professions as these. Furthermore, having taken your money, he leaves you, as you wish him to do. He does not persist in following you on the road, against your will; assuming to be your rightful "sovereign," on account of the "protection" he affords you. He does not keep "protecting" you, by commanding you to bow down and serve him; by requiring you to do this, and forbidding you to do that; by robbing you of more money as often as he finds it for his interest or pleasure to do so; and by branding you as a rebel, a traitor, and an enemy to your country, and shooting you down without mercy, if you dispute his authority, or resist his demands. He is too much of a gentleman to be guilty of such impostures, and insults, and villainies as these. In short, he does not, in addition to robbing you, attempt to make you either his dupe or his slave."
Credit to Mises Institute Media for the audio of this video. Source:
Read the original quote from Lysander Spooner's "No Treason: The Constitution of No Authority":
Listen to the audiobook:
This is a remix, no copyright intended. "The Tale of the Slave" features in Robert Nozick's book, "Anarchy, State and Utopia". I would recommend re-watching the video to see clearly if Nozick's question is answerable.
Credit to TomWoodsTV for the voice-over in this video:
Read the original text:
No copyright intended. Roderick T. Long illustrates the problem of left-conflationism and right-conflationism, which undermines the libertarian movement and strengthens the state. Fight the statist zaxlebax!
Rothbard's "Left and Right": 40 Years Later | Roderick T. Long
Visit Roderick Long's Blog here:
http://aaeblog.com/ [The Austro-Athenian Empire]
Visit him over at The Alliance of The Libertarian-Left:
Read Brad Spangler's post on Center For A Stateless Society,
http://c4ss.org/content/3202 ["Free Market Capitalism" is an oxymoron.]