The Economics of Free Lunches, with Guido Hülsmann


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On Show 28 of the Mises UK Podcast, Andy Duncan speaks to Professor Guido Hülsmann about a new forthcoming book that he’s working on, based on the concept of a free lunch, or rather the political economy of gratuitousness. In a packed interview, along the way we also cover a pertinent encyclical by Pope Benedict XVI, the economic consequences of gifts, the definition of a proper gift, spontaneous gratuitousness, what defines an improper gift, the fallacy of government ‘generosity’, the implausibility of Keynesian ‘economics’, the ‘welfare’ state, intellectual ‘property’, the possible collapse of the Euro, and Erik von Kuehnelt-Leddihn. What more could you possibly ask for in a podcast on Austrian Economics?

Podcast sponsored by: http://finlingo.com/

iTunes: https://itunes.apple.com/gb/podcast/misesuk-org-podcast/id1322473728

Music: http://www.bensound.com/royalty-free-music

You have two Chows


Today, I want to look at an issue on which I think libertarian ideas, as they’re often put forward today, are a bit simplistic and weak. I refer to “intellectual property.” But I’ll begin with some scenarios involving real (or not so real) property.

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The Internet, Mandelson, dinner, Geffen, File Sharing, data, film, music, and all that other stuff you don’t really want


The internet has probably got past the stage where it is a collection of dumb machinery. From now on, I think that  it starts to behave as a thinking organism. If attacked, it will interpret slicing and chopping as a threat, and will heal ways around that.

There is not a thing that I, or these other guys who had a dinner, can do about any of that, any more. I have only one word to say: China.

Forget “new government plans”. I think they are re-arranging the deckchairs on the Titanic.