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Eric Weinstein’s Challenge to Mainstream Mathematical Economics
Episode 530

Eric Weinstein’s Challenge to Mainstream Mathematical Economics

The Human Action Podcast · Mises Institute

December 16, 2025

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Show Notes

Bob uses clips from his recent interview with Eric Weinstein to explain why Weinstein thinks gauge theory can fix how economists measure the cost of living, unify competing price indices, and handle changing preferences over time, and why Austrians shouldn’t dismiss him as a crank. He summarizes Eric’s claim that standard mathematical economics relies on the simplest kind of derivative, explaining how much of modern economic modeling is using the wrong math.

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Topics

Labor and WagesMonetary TheoryOther Schools of Thought