Free Thoughts

The newest addition to the libertarianism.org editorial staff, Steve Horwitz, joins us to debunk some global myths about economics. We dive into how good economics is about tracing out the patterns of unintended consequences that emerge from the choices individuals make in the face of uncertainty and based on the information and incentives created by the price system.Are people interested in economics? Is economics rooted in individual choice? What was the study of economics prior to 1920? What does “constrained optimization” mean? What are the biggest global myths about economics? Should we worry about the increase in economic inequality?Further Reading:WTF?!: An Economic Tour of the Weird, written by Peter LeesonHuman Progress WebsiteMicrofoundations and Macroeconomics: An Austrian Perspective, written by Steven HorwitzRelated Content:The False Feminist Economics Methodenstreit: Competition versus Cooperation, written by Mikayla NovakThe Austrian Tradition in Economics, Free Thoughts Episode See acast.com/p