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  • 3 years ago
Ep. 488 Welfare Economics: Rothbard Was Right

Ep. 488 Welfare Economics: Rothbard Was Right

One of the areas of economics to which Murray Rothbard contributed significantly is known as welfare economics. As we explain in this episode, it deals with how we can determine whether utility (individual or “social,” properly understood) has been increased. Rothbard’s analysis led him to the conclusion that it was impossible for state action to ...

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