Bob gives a guest lecture for Jonathan Newman’s MA course for the Mises Institute, on the history of, and new developments in, the pure time preference theory of interest. After summarizing the work of Bohm-Bawerk, Fetter, and MIses, Bob explains his own perspective and then how Jeff Herbener partially agreed with Bob’s critique.

This episode sets the table for Bob’s interview with Herbener in ep. 199.

Mentioned in the Episode and Other Links of Interest:

• The YouTube version of this lecture (which has the PowerPoint slides)
• Information on the Mises Institute’s online Master’s Program
• Bob’s dissertation on Austrian capital theory
• Bob’s interview with Jeff Herbener (BMS ep. 199)

​For more information, see BobMurphyShow.com. The Bob Murphy Show is also available on Apple Podcasts, Stitcher, Spotify, and via RSS.

 

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