Ep. 273 The Austrian Theory of Interest, Current and Future
Bob Murphy Show
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Herbner's Calculation Theory of Interest
Herbner suggested calculation theory of interest seems the most promising as a refinement of the traditional PTPT. The attributes of economic calculation, which Mises stressed in his debate with the market socialist, are applied across time and manifest themselves in the market rate of interest. If Austria's want to claim these virtues for the quote time market, they cannot ignore the role of money which the canonical PTPT does. So there you have it. That's a good place for me to wrap up folks. Go to bottom of your show. For more information and to subscribe to this podcast visit botmorefishow.com.
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