New Academic Paper Uses Rothbard's National Output Metric

Vincent Geloso and Chandler Reilly have a new paper in which they use Rothbard's "Private Product Remaining" (PPR) as a lower bound on estimates of national output, to be contrasted with the convention GDP statistics as an upper bound. Bob has the authors explain Rothbard's proposal and how they are trying to introduce it to the economics profession.

• The Paper, "National Output Without Government?": Mises.org/HAP503a
• The Human Action Podcast Episode on Dubious Origins of GDP/GNP: Mises.org/HAP503b
• The Bob Murphy Show Episode With Alex Salter Criticizing "State Capacity": Mises.org/HAP503c

The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree