Lecture 4 of 24 · The Business Cycle
How do the theories of Mises and Hayek differ?
How do the theories of Mises and Hayek differ? by Murray N. Rothbard is a free audio lecture (0:36) at freecapitalists.org, recorded 13 July 2009, part of the 24-lecture series The Business Cycle.
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0:00The Mises-Hayek approach then is a sort of public policy that emerges from the Mises-Hayek position. It's virtually the direct opposite of the Keynesian policy. In other words, the Keynesian policy is, if there's a recession you pump spending in or you pump money in, if there's an inflation you take money out. The Austrian view is, if there's an inflation, first of all, stop inflating, which means stop creating new money and credit through the government's controlled banking system. And if there's a recession, don't do anything about it and let it work itself out as quickly as possible.
Part of a series
The Business Cycle
24 lectures, 0.5 hours, recorded 2009. See the full series or subscribe by RSS.
Speakers: Murray N. Rothbard.
Recording date and topics for this lecture come from the Mises Institute's page for How do the theories of Mises and Hayek differ?, checked 2026-08-04.
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- How long is How do the theories of Mises and Hayek differ??
- The recording runs 0:36.
- Who gave the lecture How do the theories of Mises and Hayek differ??
- Murray N. Rothbard delivered it, in the series The Business Cycle.
- When was How do the theories of Mises and Hayek differ? recorded?
- It was recorded 13 July 2009.
- What series is How do the theories of Mises and Hayek differ? part of?
- It is lecture 4 of 24 in The Business Cycle, which is free to stream or download in full.