George Reisman is economics professor emeritus at Pepperdine University. He is one of the few people to get his PhD under Mises. After sharing anecdotes about Mises and Rand, he discusses his contributions to economic theory. In particular, Reisman argues that profits, not wages, are the original form of income.
Mentioned in the Episode and Other Links of Interest: The YouTube version of this interviewGeorge Reisman’s website and Capitalism.net, and his Twitter accountReisman’s book Capitalism. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)Reisman’s Notes on his translation of Bohm-Bawerk on value theoryReisman on James Mill and Say’s LawIsrael Kirzner’s review of CapitalismFor more information, see BobMurphyShow.com. The Bob Murphy Show is also available on iTunes, Stitcher, Spotify, and via RSS.