Five Myths About International Trade

This is a lecture given by Robert P. Murphy, an Austrian school economist (a school of economic thought advocating adherence to strict methodological individualism. Austrians hold that the only valid economic theory is logically derived from basic principles of human action. The school has traditionally advocated an interpretive approach to history. The method allows for the discovery of economic laws valid for all human action, while the interpretive approach addresses specific historical events.) and anarcho-capitalisst author (a form that advocates the elimination of the state, the provision of law enforcement, courts, national defense, and all other security services, by voluntarily-funded competitors in a free market rather than by taxation, the complete deregulation of nonintrusive personal and economic activities, and a self-regulated market. Anarcho-capitalists argue for a society based in voluntary trade of private property (including money, consumer goods, land, and capital goods) and services in order to maximize individual liberty and prosperity, but also recognize charity and communal arrangements as part of the same voluntary ethic.) He is an adjunct scholar and frequent speaker at the Ludwig von Mises Institute - where this lecture is given - a libertarian academic organization engaged in research and scholarship in the fields of economics, philosophy and political economy. It generally advances a view of government and economics expressed by Austrian School economist Ludwig von Mises.



*http://en.wikipedia.org/wiki/Robert_P._Murphy
*http://en.wikipedia.org/wiki/Austrian_School
*http://en.wikipedia.org/wiki/Ludwig_von_Mises_Institute