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Capital & Interest in the Austrian Tradition, Part 1 of 3

Summary:
If you are a professional economist, you should at least give this a listen starting at 37:10. That’s the second half of the episode where I explain how Bohm-Bawerk’s critique of the “naive productivity theory of interest” can be correct, even though mainstream models routinely conclude that r=MPK. Of course, if you call yourself an Austrian, then you are obligated to listen to the entire thing no later than August 10, 2019.

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If you are a professional economist, you should at least give this a listen starting at 37:10. That’s the second half of the episode where I explain how Bohm-Bawerk’s critique of the “naive productivity theory of interest” can be correct, even though mainstream models routinely conclude that r=MPK.

Of course, if you call yourself an Austrian, then you are obligated to listen to the entire thing no later than August 10, 2019.

Robert Murphy
Christian, Austrian economist, and libertarian theorist. Research Prof at Texas Tech and author of *Choice*. Paul Krugman's worst nightmare.

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