Uk Column Podcasts

David Scott interviews economist Robert P Murphy senior Fellow of the Mises Institute, known as Bob Murphy to his many fans and followers. Bob is a economist of the Austrian School, a group based on 500 years of economic thought and in particular on the work of Carl Menger, Ludwig Von Mises and Murray Rothbard. It is based on anaylsis of human action and motivation and is built, piece by piece, in deductive fashion, upon these principles. In this interview David explains how he discovered the Austrian School and the extent of the intellectual revelation it provided to him and Bob explains briefly what the Austrian School is and what unique insights it offers. The discussion covers the 2008 great recesion and the role the Austrain theory of the business cycle played in predicting and explaining it. Bob and David also discuss inflation, it's effects and it mysterious temporary absence and sudden tumultuous arrival. In doing so they touch on the strange economics of the covid lockdown, Another of Bob's speci