The end of the book came almost as a surprise. Chapter 16 is very short and is mostly focused on a gross misunderstanding of the meaning of “specialization.”
Full show notes here.
Right now, populist conservatives are enjoying a well-earned resurgence. The massive state overreach by totalitarian leftists has given them an opportunity to make some changes.
Full show notes here.
These two chapters are both very short. First, Kropotkin argues that economic calculation or understanding should start with what people need, and then move on to production. Oddly enough, he has a bit of a point here, but unfortunately, he carries it off into one of his bizarre and flatly wrong tangents again.
He ends up arguing that the division of labor is destructive to prosperity. He wanders off in a couple of weird directions that are clearly counter to reality, but that fact doesn’t stop him.
Full notes here.
This video is available on Odysee, YouTube, and BitChute.
This episode’s intro quote is from a talk by Shawn Ritenour:
https://www.youtube.com/watch?v=7bP4Mw3uk1A
Intro music by MFCC, courtesy Pixabay:
https://pixabay.com/users/mfcc-28627740/
References:
Mises, Human Action:
https://mises.org/library/book/human-action
Rothbard, Man, Economy, and State:
https://mises.org/library/book/man-economy-and-state-power-and-market
My article containing intros to Mises’s Calculation Problem, Hayek’s Knowledge Problem, and the concept of Pareto-Superiorty:
https://mises.org/mises-wire/mmt-feeding-economically-inferior-machine
Mises, Money, Method, and the Market Process:
https://mises.org/online-book/money-method-and-market-process/trade/10-autarky-and-its-consequences
Hoppe, Marxist and Austrian Class Analysis:
https://mises.org/mises-wire/marxist-and-austrian-class-analysis
My latest article published by the Mises Institute is another look at MMT, only this time we’re taking a completely different route.
My article:
https://mises.org/mises-wire/mmts-barely-hidden-totalitarian-bias
Have you ever heard of the infamous German Foreword to Keynes’s General Theory? In it, he basically admits his system is best-suited to one with centralized, totalitarian control of the economy. Without such control, the government can only partially implement Keynes’s recommendations, and utopia remains just out of reach–so long as liberty is permitted.
My very rough notes here.
This video available at Odysee, YouTube, and BitChute.
I was honestly a little worried from some of the talk I had heard about the most recent episode of the Joe Rogan Experience, with Jordan Peterson.
I sat down and watched the whole thing, and ended up being pleasantly surprised.
Chapter 13 is titled “The Collectivist Wages System” and it is a tissue of faulty comparisons, bad conclusions stapled to obsolete theories, and nonsensical figures attached to shifting goalposts.