This last part of chapter 3 finishes out part one of the book, and should be the last bit of really heavy lifting in economic theory. The next part starts Rothbard’s historical examination of the circumstances leading up to the Great Depression, so we may find things less dense, but who knows!
My notes can be found here.
This video is available on Odysee, BitChute, and YouTube!
Now, for references:
- Hansen’s paper “Economic Progress and Declining Population Growth”
- George Terborgh’s book “The Bogey of Economic Maturity”
- Hansen’s book “Economic Policy and Full Employment,” specifically Appendix B, his response to Terborgh
- Jeff Herbener’s talk on how prices move and are generated in different economic theories
- Schumpeter’s book “The Theory of Economic Development”
- Schumpeter’s book “Business Cycles”
- Clemence and Doody’s defense of Schumpeter’s work
- Carolyn Shaw Solo’s critique of Schumpeter (paywalled)
- Simon Kuznets’s criticism of Schumpeter
- Fritz Machlup’s book “The Stock Market, Credit, and Capital Formation,” containing a discussion of qualitative credit theories
- A definition and description of self-liquidating loans
- Bassie’s paper “Recent Developments in Short-Term Forecasting”