This chapter explores contrasting views on economic methodology, emphasizing the spontaneous order in society without central planning. It discusses the abstraction of supply and demand, the concept of human action over design, and stresses the importance of freedom and abstraction in social sciences.
Pete Boettke, of George Mason University, talks with EconTalk host Russ Roberts about the origins and tenets of Austrian economics. This is a wonderful introduction to how the so-called Austrian economists look at the world and how they continue to influence economics today.