Aug 12, 2020
For two millenia, economics was a field of philosophy. Starting in the late 1800s, economists began to employ mathematical modeling in their thinking. The requirements of mathematical modeling have led modern economists to begin by assuming that humans behave in certain ways. This week, Steve Horwitz joins us to discuss Austrian economics, which is a school of thought that goes back to economics’ philosophical roots by beginning with questions, rather than assumptions, about how humans behave.
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Quick Hits
Shampoo Assistants
https://nypost.com/2020/08/08/ny-dems-push-for-law-mandating-training-for-shampoo-assistants/
Democratic Campaign
Foolishness of the Week
Bernie’s Latest Wealth Tax
https://www.nytimes.com/2019/02/18/upshot/warren-wealth-tax.html
https://www.cnbc.com/2020/08/06/sanders-billionaire-tax-bill-would-cost-bezos-musk-zuckerberg.html
Topic of the Week
Steve Horwitz
Austrian
Economics
https://www.amazon.com/Austrian-Economics-Introduction-Libertarianism-Org-Guides/dp/1948647958/ref=sr_1_1
Theory and Practice in the Austrian School
https://www.amazon.com/Theory-Practice-Austrian-School-Unbound-ebook/dp/B00CF0GXZO
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