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

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 [mp3; 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[mp3; 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 [mp3youtube]
  • 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 Supplement 8 [mp3; youtube]
  • Lecture Micro 13B The Productivity Theory of Wages II Supplement 8 [mp3; youtube; transcript]

“Macro” Supplementary Materials

“Macro” Lectures

  • Lecture Macro 00: Preface to Lecture Recordings [mp3; youtube]
  • Lecture Macro 01A The Broken Window Fallacy   Supplement 1 [mp3; youtube]
  • Lecture Macro 01B The Scarcity of Labor   Supplement 1 [mp3; youtube]
  • Lecture Macro 02A Money & Spending I   Supplement 1 [mp3; youtube]
  • Lecture Macro 02B Money & Spending II   Supplement 1 Lecture [mp3; youtube]
  • Lecture Macro 03A Money and Spending III   Supplement 1 [mp3; youtube]
  • Lecture Macro 03B Money and Spending IV Supplement 1 [mp3; youtube]
  • Lecture Macro 04A Productionism Supplement 2 [mp3; youtube]
  • Lecture Macro 04B Consumptionism Supplement 2 [mp3; youtube]
  • Lecture Macro 05A Say’s Law I Supplement 2 [mp3; youtube]
  • Lecture Macro 05B Say’s Law II Supplement 2 [mp3; youtube]
  • Lecture Macro 06A Unemployment I Supplement 3 [mp3; youtube]
  • Lecture Macro 06B Unemployment II Supplement 3 [mp3; youtube]
  • Lecture Macro 07A Productive Expenditure and Consumption Expenditure Supplement 4 [mp3; youtube]
  • Lecture Macro 07B Aggregate Production and Aggregate Spending Supplement 4 [mp3; youtube]
  • Lecture Macro 08A Saving I Supplement 4 [mp3; youtube]
  • Lecture Macro 08B Saving II Supplement 4 [mp3; youtube]
  • Lecture Macro 09A National Income and NNP Supplement 4 [mp3; youtube]
  • Lecture Macro 09B Capital Accumulation I Supplement 4 [mp3; youtube]
  • Lecture Macro 10A Capital Accumulation II Supplement 4 [mp3; youtube]
  • Lecture Macro 10B Capital Accumulation and National Income Supplements 4 & 5 [mp3; youtube]
  • Lecture Macro 11A Aggregate Profit and the Quantity of Money Supplement 5 [mp3; youtube]
  • Lecture Macro 11B Aggregate Profit and Net Investment Supplement 5 [mp3; youtube]
  • Lecture Macro 12A Profit Theory and Taxation Supplement 5 [mp3; youtube]
  • Lecture Macro 12B Profits and Net Consumption Supplement 6 [mp3; youtube]
  • Lecture Macro 13 Exposition and Critique of Keynesianism Supplement 7 “Keynesianism: A Critique” [m4a; youtube]
  • Lecture Macro 14A Inflation I Supplement 8 [mp3; youtube]
  • Lecture Macro 14B Inflation II Supplement 8 [mp3; youtube]

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