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#19 – Logan Chipkin: Understanding Economics

Arjun Khemani Podcast

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The Austrian School of Economics

The Austrian School of Economics basically started in 1871 with Karl Menger or Munger. He published his work on the theory of so-called subjectivism and marginalism. This is why it's called the subjectivist revolution or the marginal revolution. The concept of universal explainer, as you know, Archen, is itself, I don't know, like a decade or two old.

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