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The Austrian School of Political Economy with Christopher Coyne and Jayme Lemke

Hayek Program Podcast

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What Makes Austrian Economics Unique?

The wealth and poverty of nations is what prevents members of a society from figuring out how to best use scarce resources. That's really what, in some sense, what economics is about but also what economic development in the broadest sense is about. And so that's really the core of the debate. It ties directly back into that initial insight about subjectivism that Maker makes in the marginal revolution.

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