one of the people who worked on my team suggested I read an article by Murray Newton Rothbard called Monopoly and Competition. I remember reading it like it was today, and after reading it carefully, I said, “Everything I’ve taught about market structure in the last 20 years in courses on microeconomics is wrong.”
Lex Fridman Podcast #453, at (00:03:33); transcript published by the host. He spoke in Spanish; the quote is the English interpretation published in the host’s transcript.
I remember for example, the experience of reading Human Action by Mises, and this was a book that I didn’t know about. And I remember that on the following weekend, I started to read this book right from the first page, and I didn’t stop until I finished it, and that was a true revolution in my head.
Lex Fridman Podcast #453, at (00:03:33); transcript published by the host. He spoke in Spanish; the quote is the English interpretation published in the host’s transcript.
The only thing I had read about the Austrian School until then had been Money and Time, a very good book by Garrison. But now that I understand a little bit more about Austrian economics, I know that it was rather poor. This doesn’t mean that the book isn’t good
Lex Fridman Podcast #453, at (00:03:33); transcript published by the host. He spoke in Spanish; the quote is the English interpretation published in the host’s transcript.
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