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Hosted by Jeff Deist, the Human Action Podcast features in-depth interviews on current topics in economics through an Austro-libertarian lens.

Hosted by Jeff Deist, the Human Action Podcast features in-depth interviews on current topics in economics through an Austro-libertarian lens.
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Auburn, AL




Hosted by Jeff Deist, the Human Action Podcast features in-depth interviews on current topics in economics through an Austro-libertarian lens.








Hazlitt in One Lesson with Walter Block

Professor Walter Block joins the Human Action Podcast for a fantastic in-depth discussion of Henry Hazlitt and his work. Dr. Block has great insights into Hazlitt's work on inflation, economic fallacies, ethics and utilitarianism, and more, plus great anecdotes about Hazlitt, Mises, and Rand. Economics in One Lesson may be the most important economics book ever written for lay readers, and the Mises Institute will release a new edition of the book later this fall—available free to tens of...


The State of Economics Education

Auburn University professor Dr. Liliana Stern joins a special live episode of the Human Action Podcast for an unvarnished look at the state of economics education today. Why are theory and history ignored, while warmed-over Keynesian models dominate? How can Austrians reclaim their rightful place in the curriculum? Are economics students finding jobs? Why do academic publishing and textbook rackets persist? And why is actual teaching such a low priority? If you care about how economics is...


Nation, State, and Economy

Nationalism, globalism, cosmopolitanism, and immigration are heated topics today—but Mises systematically addressed them 100 years ago, in his seminal work Nation, State, and Economy. What is a nation, and what does the nationality principle mean for liberalism? Mises argues that nations arise spontaneously, predating governments. Liberal nations exist to the extent they respect self-determination, peace, and international trade. But illiberal nations produce war and privation, discriminate...


Richard Cantillon As a Proto-Austrian

Dr. Mark Thornton, our in-house Cantillon expert, joins the Human Action Podcast to discuss the contributions of this important proto-Austrian thinker. Cantillon may well have written the first true economic treatise, one which lays out a comprehensive theory of production, money, interest, value, method, and trade—almost 150 years before Menger's Principles. And along with the other French physiocrats, Cantillon gave us the concept of lassez-faire that later influenced Adam's Smith's...


Mises on Omnipotent Government

In 1944 Ludwig von Mises published Omnipotent Government, his historical treatment of Nazism and its origins in the collapse of German liberalism. This book expands on earlier works like Nation, State, and Economy and Liberalism, applying their analysis to the terrible events of WWII. Europe was up in flames, but Mises skillfully explains how to defeat the total state and its advocates. Professor Matt McCaffrey joins the show to consider this vital book and its absolute relevance today....


The Anti-Capitalistic Mentality

The Human Action Podcast reviews another overlooked classic by Mises: The Anti-Capitalistic Mentality. This book takes no prisoners, showing how envy motivates progressive and conservative intellectuals who fear dynamic capitalism. The real reactionaries, according to Mises? Socialists who want to keep everyone stuck at one station in life. Our friend Andy Duncan from Mises UK, who recently reviewed the book, joins the show to discuss. Read the book free here, or enter code "HAPOD" in our...


The Bureaucratic Revolution

The twentieth century revolution in America was bureaucratic, not ideological. And in 1944, a new American—Ludwig von Mises—published Bureaucracy, the most important and devastating critique of administrative rule ever written. Clocking in at just over 130 pages, this is Mises at his hard-hitting best. Professor William Anderson joins the Human Action Podcast for an in-depth discussion of both the book and the bureaucratic capture of America it warned against. Subscribe and listen on...


Praxeology and the Method of Economics

Dr. Joe Salerno joins Jeff Deist to explore another foundational topic: the method of economics. Mises developed praxeology, perhaps his most controversial contribution to economic science. Praxeology starts with fundamental axioms, then derives economic theory by working logically through a deductive process. As such, praxeology is at odds with logical positivism and empiricism—and presents a markedly different approach to economics. Readings Ludwig von Mises, The Ultimate Foundation of...


Mises on Liberalism and Political Economy

Our in-house economist and editor Ryan McMaken joins the Human Action Podcast for a deep dive into Mises's seminal 1927 book Liberalism. This is the definitive podcast on the definitive book on liberal society: its foundations, what it means for property, freedom, peace, economic policy, and immigration. Readings Liberalism: In the Classical Tradition by Ludwig von Mises"Was Mises a Neoliberal?" by Jeff Deist"Immigration Roundtable: Ludwig von Mises" by Jeff Deist Subscribe and listen on...


The Theory of Interest Rates

What are interest rates, where do they come from, and what purpose do they serve? Smith, Marx, and Keynes got these questions wrong; Turgot, Böhm-Bawerk, and Mises got them right. Economist Jeffrey Herbener from Grove City College explains. Readings "The Brilliance of Turgot" by Murray RothbardProfile of Böhm-Bawerk by Roger Garrison Subscribe and listen on iTunes, YouTube, Stitcher, Soundcloud, Google Play, Spotify, or via RSS.



It's been almost 100 years since Mises literally wrote the book on socialism. His arguments against central economic planning, still acutely relevant today, have never been refuted—in theory or dismal practice. Joining the Human Action Podcast to discuss this monumental book is Dr. Shawn Ritenour, professor of economics at Grove City College and editor of the Mises Reader. Subscribe and listen on iTunes, YouTube, Stitcher, Soundcloud, Google Play, Spotify, or via RSS.


Mises on Money

The Theory of Money and Credit—Mises's first major work—revolutionized economics by introducing a new theory of how and why money has value. It deserves serious attention, and Dr. Jeffrey Herbener joins The Human Action Podcast for an extended discussion of this seminal work and the achievement it represented. Subscribe and listen on iTunes, YouTube, Stitcher, Soundcloud, Google Play, Spotify, or via RSS.


Why Menger Matters

You probably haven't read Carl Menger's Principles of Economics, but you should: it's a groundbreaking work that created a new theory of value and built a foundation for praxeology. Dr. Joe Salerno joins us for the definitive podcast on the founder of the Austrian school. Dr. Joe Salerno's brief biography of Menger Dr. Peter Klein's foreword to Principles of Economics Carl Menger's Principles of Economics online in PDF and ePub formats Subscribe and listen on iTunes, YouTube, Stitcher,...


Economics is a Mess

Professor Peter Klein joins The Human Action Podcast to explain how and why. Subscribe and listen on iTunes, YouTube, Stitcher, Soundcloud, Google Play, Spotify, or via RSS.


Jeff Deist on Why Socialism Persists

This is the last Mises Weekends episode! But don't despair, Jeff will soon be back with a brand new format: The Human Action Podcast. The new show is not radically different, but focuses more exclusively on Austrian economics, its great books, and its great thinkers — with longer, more in-depth interviews. But don't take our word for it, tune in next week to the first show with David Gordon! Your RSS-fed platforms like Stitcher and SoundCloud will continue to support the new show, while...


Joe Salerno on Mises and Nationalism

Dr. Joe Salerno will address the annual Students for Liberty conference this week on the topic of his seminal article, "Mises on Nationalism, the Right of Self Determination, and the Problem of Immigration." While Mises had plenty to say about nation states and liberalism, he wrote relatively little about immigration per se. Dr. Salerno and Jeff Deist discuss Mises's conception of nation and state, breakaway movements, borders, and self-determination in polyglot societies. Nationalism and...


Jeff Deist on Money in the 21st Century

Jeff Deist joins Australian podcaster Stephan Livera (twitter) for an in-depth look at money in an era of crazed monetary policy. They tackle how Austrian economics relates to cryptos, why gold still matters, how deflation and "hoarding" are healthy for an economy, and how any challenge to the central bank cartel could create a political upheaval far beyond banking and economics.


Daniel Lacalle on the Central Bank Tightrope

Our great friend Daniel Lacalle, author of Escape from the Central Bank Trap, joins the show to discuss the perilous condition facing central banks after a decade of their own malfeasance. Daniel and Jeff discuss absurd reactions to the Fed's tiny interest rate hikes, the fragility of central bank policy in the face of enormous sovereign, corporate, and household debt, why expansionary monetary policy always hurts poor people, and what the Fed and ECB might do– realistically– under current...

Dave Smith on Trump's Christmas Surprise in Syria and Afghanistan

The great comic Dave Smith is the proud dad of a newborn baby girl. Will she witness fewer American wars in her lifetime than a girl born in 1918? Dave and Jeff Deist discuss the astounding news from Trump about reducing troops in Syria and Afghanistan, the growing push-back against neoconservative foreign policy from ordinary Americans of all stripes, the impassible rift in Conservatism Inc. caused by Trump, and how Rand Paul may lead a new noninterventionist resurgence.


Carmen Dorobăț: A Young Scholar on Mises's Legacy and Impact

Professor Carmen Dorobăț grew up in Romania—too young to remember Ceaușescu, but deeply aware of what socialism did to her country. Fortunately, she discovered Ludwig von Mises during her university years and found her passion for economics. She joins Jeff Deist to discuss how Mises's work and legacy paved the way for her and an entire generation of younger scholars.