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George Reisman’s Pepperdine Lectures: “Micro” and “Macro”

by on August 3, 2023

As an augment to the lectures available at George Reisman’s Program of Self-Education in the Economic Theory and Political Philosophy of Capitalism, below you may find audio files and youtube links to a series of lectures delivered by Dr. Reisman over a number of years at Pepperdine University, grouped into “Micro” and “Macro” topics. The Micro course was designated MBFE 657 and the Macro course BSM 477.

See also Professor Reisman’s website at https://georgereisman.com/, which contains syllabi and syllabus supplements that will be useful in studying the Micro and Macro lectures.

The entire set of mp3 audio files for the Macro and Micro lectures, as well as the mp3 files for the Capitalism lectures, may be downloaded here (ZIP file, 9.4GB).

Preliminary and Supplemental Materials

“Micro” Supplementary Materials

“Micro” Lectures

Note from Professor Reisman: The title of each lecture below shows that the recording is part of the “Micro” course. For example, recording 08A, followed by its title “D of L [Division of Labor] and Private Ownership of the Means of Production I  Supp. [Have Syllabus Supplement 6 at hand when listening to the lecture]”

  • Lecture 00: Preface to Lecture Recordings [youtube]
  • Lecture 01A: Nature and Value of Economics I [mp3; youtube]
  • Lecture 01B: Nature and Value of Economics II [mp3; youtube]
  • Lecture 02A: Wealth and the Economic Problem I [mp3; youtube]
  • Lecture 02B: Wealth and the Economic Problem I [mp3; youtube]
  • Lecture 03A: Dependence of D of L on Capitalism I [mp3; youtube]
  • Lecture 03B: Dependence of D of L on Capitalism II [mp3; youtube]
  • Lecture 04A: Demand and Supply [mp3; youtube]
  • Lecture 04B: Uniformity of Profit Principle [mp3; youtube]
  • Lecture Micro 05A Effects of Uniformity of Profit Principle [Supp. 4; youtube]
  • Lecture Micro 05B   Geographical, Temporal, and Wage Uniformities,   [Supp. 4; mp3; youtube]
  • Lecture Micro 06A   Pricing of Goods & Services in Limited Supply [Supp. 5; mp3; youtube]
  • Lecture Micro 06B   Free Market Order vs. Price Control Chaos [Supp. 5; mp3; youtube]
  • Lecture Micro 07A   More on the Chaos of Price Controls [Supp. 5; mp3; youtube]
  • Lecture Micro 07B   Price Controls and Socialism  [Supp. 5; mp3; youtube]
  • Lecture Micro 08A   D of L and Private Ownership of the Means of Production I  [Supp. 6; mp3; youtube]
  • Lecture Micro 08B D of L and Private Ownership of the Means of Production II  [Supp. 6; mp3; youtube]
  • Lecture Micro 09A D of L and Economic Inequality  [Supp. 6; mp3; youtube]
  • Lecture Micro 09B D of L and Economic Competition [Supp. 6; mp3; youtube]
  • Lecture Micro 10A Monopoly I  [Supp. 7; mp3; youtube]
  • Lecture Micro 10B Monopoly II  [Supp. 7; mp3; youtube]
  • Lecture Micro 11A Monopoly III  [Supp. 7; mp3; youtube]
  • Lecture Micro 11B Monopoly IV [Supp. 7; mp3; youtube]
  • Lecture Micro 12A Productive Activity [Supp. 8; mp3; youtube]
  • Lecture Micro 12B The Marxian Exploitation Theory [Supp. 8; mp3; youtube]
  • Lecture Micro 13A The Productivity Theory of Wages I [Supp. 8; mp3; youtube]
  • Lecture Micro 13B The Productivity Theory of Wages II [Supp. 8; mp3; youtube; transcript]

“Macro” Supplementary Materials

“Macro” Lectures

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Kinsella 2009Stephan Kinsella is a libertarian writer and retired patent attorney in Houston, Texas. He has published widely on various areas of libertarian legal theory and on legal topics such as intellectual property law and international law. His publications include Legal Foundations of a Free Society (Papinian Press, 2023), Against Intellectual Property (Mises Institute, 2008), International Investment, Political Risk, and Dispute Resolution: A Practitioner’s Guide (Oxford, 2020), and The Universal Principles of Liberty (2025).

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