Ep. 1045 The Key Ingredient in Why We Understand the Economy, and They Don't
Release Date: 11/23/2017
There's one thing in particular that the Austrian School of economics understands better than do other schools, and it helps to explain why the Austrians in turn better understand how the economy works (and what makes it not work). That thing is capital theory. Boring? Nope. Super important. Here's what other economists don't get.