On this crossover with Bob Murphy, Adam Haman asks the great economist to reflect on two giants of Austrian Econ, Murray Rothbard (born 100 years ago this week) and Roger Garrison, who sadly just passed away last month. History and personal anecdotes and lots of econ in this one. Enjoy!
00:00 — Intro: Adam is excited and is happy to say why!
01:15 — Bob shares some personal/economic memories regarding Rothbard and Garrison.
18:56 — How does the coming AI and robot revolution impact how we think about capital and labor?
25:45 — The Keynesian/Mainstream Circular Flow model of the economy versus Murray Rothbard's stages of production model presented in Man, Economy, and State.
46:07 — Roger Garrison's explanation of the Austrian theory of the business cycle presented in a way that even mainstream economists can understand!
1:13:20 — Outro and final thoughts. Thanks for watching Haman Nature!
Link to Bob's Circular Flow v Rothbard X post:
Link to Roger's famous PowerPoints on capital structure: https://webhome.auburn.edu/~garriro/
Sponsor mentioned: https://TheSwanBrothers.com/crossover
Haman Nature Merch Store: https://shop.hamannature.com
Adam on X: https://x.com/Rerazer
Bob on X: https://x.com/BobMurphyEcon
The Bob Murphy Show: https://www.bobmurphyshow.com/
Adam's other show: https://naturalorderpodcast.com
