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19min chapter
197. Principles of Economics: Interview with Jimmy Song
The Bitcoin Standard Podcast
Understanding Wealth and Human Action
This chapter explores the concept of wealth and how it is not solely based on material possessions. It discusses the limitations of mainstream economics and the importance of understanding human action and behavior in analyzing economics. The chapter also highlights the differences between the Austrian perspective and other schools of economics, emphasizing the complexity of human behavior and the influence of individual will.
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