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#19 – Logan Chipkin: Understanding Economics

Arjun Khemani Podcast

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The Impossibility of Regularities in Nature

There are regularities in nature that cannot be expressed at all in the prevailing conception. In Austrian economics, it's well understood and explained how a medium of exchange and store of value can possibly emerge from a purely barter economy. But as an economy becomes more complex and people start to specialize, the problem of double coincidence of once becomes more and more salient.

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