
No Free Lunch — Confronting Economic Fallacies with Peter Boettke & Caleb Fuller
Hayek Program Podcast
00:00
What Are the Most Common Fallacies of Opportunity Cost Reasoning?
The first rule of economics is denied that we live in a world of scarcity. Learning how to negotiate those various trade offs is one of the key things to economic life, social life in general. So my book discusses six economic fallacies and explains opportunity cost reasoning so you don't t look far to find the fallacies.
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