Archive for Capital & Interest

Bob Murphy Show ep. 125: Matt Machaj on Structure of Production and Star Wars

Matt has two books on these topics, so we split the video up into two segments. The full audio interview is here.

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Bob Murphy Show ep. 119: Guido Hulsmann on the French Lockdown, His Biography of Mises, and His Novel Theory of Interest

An interesting discussion, I wish we had had more time. Video below, audio here.

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Sumner vs. Murphy

In a cosmic coincidence, on Monday Scott Sumner released an essay via Mercatus talking about the effectiveness of monetary policy in preventing recessions, particularly if the Fed implements his idea of level targeting NGDP. On Tuesday, my next installment in the “Understanding Money Mechanics” series ran, this one offering a summary and critique of Sumner’s […]

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BMS ep. 67: Walter Block and Bill Barnett Critique the Hayekian Triangle

Here is the standard audio, and I’m now experimenting with releasing select episodes on my YouTube channel:

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Deep Thoughts on Capital Theory

In the latest Bob Murphy Show I talk to Nicolas Cachanosky about his work (often with Peter Lewin)…

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Bohm-Bawerk’s Own Theory of Interest

In ep. 28 of the Bob Murphy Show, I lay out Bohm-Bawerk’s own theory of interest.

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

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 […]

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A Machine Puzzle (3 of 3)

Earlier I asked how it could be possible that one cryptocurrency appreciated at 10% a year while another appreciated at 20%, and several people in the comments correctly said that the dollar-price of a coin could adjust accordingly. So the rate of return *measured in dollars* for the two different cryptocoins could be equal, even […]

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