Ludwig von Mises’s first major work was The Theory of Money and Credit in which he explained the role of money in the economy and also pointed out what causes the boom-bust cycle. It remains an important classic in Austrian economics.
The Civil Rights Act, first passed in 1964, is falsely connected with freedom. In reality, this law severely restricts individual liberty and replaces it with coercive government acts.
From the Jacksonians to the Marxists, political theorists have understood that there is something unique about "small industry" between big business and propertyless workers.
Modern sport can seem awash with money, but it’s been claimed that the richest sportsperson of all is an ancient Roman Charioteer from the second century AD called Gaius Appuleius Diocles, with career winnings that stood at 35 million sesterces. One calculation has translated that into an astonishing $15 billion dollars today, and it’s a figure that’s stuck. But should we believe it?
Duncan Weldon talks to ancient historian Professor Mary Beard from the University of Cambridge to learn more about the big business of chariot racing, and how we should think about money and wealth in the economies of the past.
Presenter: Duncan Weldon
Producer: Nathan Gower
Series Producer: Tom Colls
Editor: Richard Vadon
Programme Coordinator: Brenda Brown
Sound Engineer: James Beard
According to activists, Iran has killed over 7,000 people as part of a crackdown on protesters. Why did protests engulf Iran in the first place? A big contributor: Its flagging economy, which has been in a tailspin for years. It’s a tinderbox.
If one man may legally own another, then he should likewise have the right to disown this property. To deny this right by law involves simultaneously affirming the right of one human to own another as his property but not the right to stop owning another human.