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- Joseph T. Salerno
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Joseph T. Salerno
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Boom, Bust, and the Future (28:31) January 18-19, 2002
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Joseph T. Salerno
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Recorded at the Mises Institute, May 1994.
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Joseph T. Salerno
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Recorded at the Reassessing the Presidency seminar; March 2004. (40:45)
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Joseph T. Salerno
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Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression . (25:00)
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Joseph T. Salerno
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Recorded at the Austrian Economics and Financial Markets conference at The Venetian Hotel Resort Casino, Las Vegas, 02-18-2005 [21:15]
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Joseph T. Salerno
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The French Liberal School had been dominant through four generations because they were privately funded, but when the government intervened in the French universities the Liberal School lost its hold. Richard Cantillon, Etienne Bonnot de Condillac, A.R.J. Turgot, Jean-Baptiste Say, Frederic Bastiat, and Michel Chevalier were responsible for
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Joseph T. Salerno
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Where the classical economists had gone wrong was to speak of goods as if they were abstract classes. The Austrians noted that their value theory did not talk about concrete units and could not explain how individuals valued goods. That’s why the diamond-water paradox of value was unsolved. The classical school also could not explain distribution.