Economics Professor Refutes Socialism! Per L. Bylund & Keith Knight

by | Oct 17, 2020

Per L. Bylund, PhD, is assistant professor of entrepreneurship and Records-Johnston professor of free enterprise in the School of Entrepreneurship at Oklahoma State University.

Find his work here:

Twitter: @perbylund


The #1 Cause of Homelessness:

Why Healthcare is So Expensive:

0:00 – Quote 0:36 – What is economics? (and everyday examples)

3:22 – The importance of Praxeology aka Human Action

5:47 – The importance of the entrepreneur

8:29 – Labor Theory of Value

13:15 – Why those who care about the poor should support free markets

15:45 – How can we measure the standard of living?

24:03 – Real world examples of where the free market works

27:50 – How does government regulation affect our everyday lives?

37:14 – Why so many libertarians are economists

39:50 – The Socialist Calculation Problem

49:10 – The monopoly objection

55:03 – Major Adam Smith contributions in economics

57:41 – Rent control

1:01:12 – Favorite economist of all time?






About Keith Knight

Keith Knight is Managing Editor at the Libertarian Institute and host of the Don't Tread on Anyone podcast.

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