#19 – Logan Chipkin: Understanding Economics
Arjun Khemani Podcast
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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