<description>&lt;p&gt;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.&lt;/p&gt;&lt;p&gt;Related:&amp;nbsp;&lt;/p&gt;&lt;ul&gt;&lt;li&gt;Bob's Interview with Eric Weinstein on the InFi Podcast: &lt;a href="https://Mises.org/HAP530a" target="_blank"&gt;Mises.org/HAP530a&lt;/a&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at &lt;a href="https://Mises.org/HAPodFree" target="_blank"&gt;Mises.org/HAPodFree&lt;/a&gt;&lt;/p&gt;</description>

The Human Action Podcast

Mises Institute

Eric Weinstein’s Challenge to Mainstream Mathematical Economics

DEC 15, 2025-1 MIN
The Human Action Podcast

Eric Weinstein’s Challenge to Mainstream Mathematical Economics

DEC 15, 2025-1 MIN

Description

<p>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.</p><p>Related:&nbsp;</p><ul><li>Bob's Interview with Eric Weinstein on the InFi Podcast: <a href="https://Mises.org/HAP530a" target="_blank">Mises.org/HAP530a</a></li></ul><p>The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at <a href="https://Mises.org/HAPodFree" target="_blank">Mises.org/HAPodFree</a></p>