Ep. 352 The Beauty and Importance of Comparative Advantage
Bob goes solo to explain Adam Smith’s absolute advantage versus David Ricardo’s comparative advantage. This important concept underpins civilization itself. Mentioned in the Episode and Other Links of Interest: The infineo post on this numerical example. Bob’s book Lessons for the Young Economist has a discussion of comparative advantage (see chapters 8 and 19). Help support the Bob Murphy…
Ep. 351 Crossover: Adam Haman on Drug Legalization, Theory and History
Haman returns, this time to discuss a recent controversy over the libertarian case for drug legalization. Mentioned in the Episode and Other Links of Interest: The YouTube version of this interview. Haman’s episode on Portland. Thornton on Prohibition, an NBER journal article, and Bob’s book Lessons for the Young Economist. Help support the Bob Murphy Show.
Ep. 350 Jason Fry Plans for Peace By Preparing for National Divorce
Ep. 349 Susanne Gibbs Gives a Quick Start Guide for Homeschooling Parents
Ep. 348 Crossover: Adam Haman Asks Bob Murphy All About Money
In another crossover episode with Adam Haman, Bob fields questions–both novice and expert level–on money, through the lens of the Austrian School. They cover the regression theorem, the status of Bitcoin, and the proposal for a trillion dollar platinum coin. Mentioned in the Episode and Other Links of Interest: The YouTube version of this interview. Murphy explanation…