Predictability in Inanimate vs. Living Beings

Dr. Jonathan Newman returns to the Human Action Podcast to discuss the relaunch of the Mises Academy—including his new course based on Bob's Lessons for the Young Economist textbook. But this conversation goes much deeper than curriculum. Bob and Jonathan unpack the fundamental question: What is economics, really? They explore how Austrian economics differs from psychology, history, and the natural sciences, why economics is more about understanding than prediction, and how praxeology reveals the logical structure of human choice.

• The New Mises Academy: Mises.org/HAP498a
• Bob's Lessons for the Young Economist Textbook: Mises.org/HAP498b
• Bob's Lessons for the Young Economist Teacher's Manual: Mises.org/HAP498c

The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree