Jeff and Bob discuss whether America has its own oligarchs instead of Hoppe’s “natural elites.”
Hoppe’s essay mises.org/Hoppe338
Jeff on the wrong elites: mises.org/WrongElites
Bob on Piketty’s bad inequality numbers: mises.org/Bob338
The Mises Institute exists to promote teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. These great thinkers developed praxeology, a deductive science of human action based on premises known with certainty to be true, and this is what we teach and advocate. Our scholarly work is founded in Misesian praxeology, and in self-conscious opposition to the mathematical modeling and hypothesis-testing that has created so much confusion in neoclassical economics. Visit https://mises.org