Episodes

10 episodes in this season

Pillars of Economic Wisdom: Part 1

45 min

Pillars of Economic Wisdom: Part 2

39 min

Austrian School: Part 1

36 min

Now Playing

Austrian School: Part 2

56 min

Chicago School

61 min

Mainstream Economics

49 min

UCLA School

53 min

The Hockey Stick

32 min

Public Choice School

29 min

E10

The West German Economic Miracle

23 min

Free Market Economics

TV Series

202656m

DocumentaryTalk

Now playing

Austrian School: Part 2

Season 1 · Episode 4 · May 22, 2026

In lecture four, we continue our study of the Austrian School of Economics through the work of Ludwig von Mises, Friedrich Hayek, and Israel Kirzner, focusing on economic calculation under socialism. We examine Mises’s argument that socialism cannot allocate resources rationally without market prices, Hayek’s explanation of how prices coordinate dispersed knowledge through spontaneous order, and Kirzner’s emphasis on entrepreneurial alertness and competition as a discovery process. The lecture concludes by highlighting how these Austrian economists demonstrated that markets succeed not through central planning but through the decentralized use of knowledge that no single authority could possess or coordinate.

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Free Market Economics

TV Series

202656m

DocumentaryTalk

Now playing

Austrian School: Part 2

Season 1 · Episode 4 · May 22, 2026

More details