Here's a really nice video of less than 4 minutes by Sean Malone exploring "The Importance of Profits." It's no "Fear the Boom and Bust" but it has great pedagogical value of its own and it gets matters right.
And yeah, he quotes me.
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Peter J. Boettke: Living Economics: Yesterday, Today, and Tomorrow
Christopher Coyne: Doing Bad by Doing Good: Why Humanitarian Action Fails
Paul Heyne, Peter Boettke, David Prychitko: Economic Way of Thinking, The (12th Edition)
Steven Horwitz: Microfoundations and Macroeconomics: An Austrian Perspective
Boettke & Aligica: Challenging Institutional Analysis and Development: The Bloomington School
Peter T. Leeson: The Invisible Hook: The Hidden Economics of Pirates
Philippe Lacoude and Frederic Sautet (Eds.): Action ou Taxation
Peter Boettke: The Political Economy of Soviet Socialism: the Formative Years, 1918-1928
Peter Boettke: Calculation and Coordination: Essays on Socialism and Transitional Political Economy
Peter Boettke & Peter Leeson (Eds.): The Legacy of Ludwig Von Mises
Peter Boettke: Why Perestroika Failed: The Politics and Economics of Socialist Transformation
Peter Boettke (Ed.): The Elgar Companion to Austrian Economics
That long quote clearly photocopied from some ancient scroll was the best part.
Posted by: Bill Woolsey | March 01, 2010 at 02:56 PM
Steve,
Pretty good. Except for one thing.
It's not only businesses that lobby.
It's also special interest groups allegedly representing consumers and/or laborers that demand market intervention to get things for their members at the expense of others. Like forcing healthcare insurance to cover this or that.
The politicians also have a strong political incentive to foster the myth that they can force producers to give stuff at no extra cost to consumers. You know the story.
Just blaming business on the lobbying is oversimplifying the causes for interventionism in a very counterproductive manner. You know perfectly well that people like Elizabeth Warren are destroying the price system as part of their agenda.
But the rest is pretty effective.
Posted by: ADA | March 01, 2010 at 05:35 PM
Steve,
By the way, I know it's not your video. Sorry, if the previous comment sounds as if I'm criticizing you.
Posted by: ADA | March 01, 2010 at 05:39 PM
Excellent video, thanks for the link Steve.
Posted by: Doc Merlin | March 11, 2010 at 02:56 AM
I agree somewhat that the Austrian are to blame for their own perception.
Posted by: topills.com review | December 19, 2010 at 08:25 AM