Joseph T. Salerno and Peter G. Klein are two of the most productive microeconomists in the Austrian School today. This seminar provides an introduction to Austrian Economics, and offers a preview of their forthcoming textbook for graduate students. Presented at the Mises Institute, 11-15 June 2007.
January 11th, 2016
Episode 66 of 78 episodes
This is the true story of Arthurdale, West Virginia, a town created as a "pet project" of the Roosevelts. Designed to be (in the words of Eleanor Roosevelt) "a human experiment station", she was to create a "New American" citizen who would embrace a collectivist form of life. This book tells the story of what happened to the people resettled in Arthurdale and how the policies implemented there shaped America as we know it. Arthurdale was the foundation upon which modern America was built.Many books have examined the larger picture. But somehow, looking at the details of this smaller picture paints an even more devastating picture for the status of the New Deal. Arthurdale shows the massive financial disaster that government created and how it ended in destroyed lives and ruined economic prospects for an entire region. You wonder what went wrong in West Virginia? Here is the untold story.