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#19 – Logan Chipkin: Understanding Economics

Arjun Khemani Podcast

CHAPTER

The Importance of Testing Austrian Economics

Austrian economics is predicated on the conjecture that universal explainers act in a world of scarce resources and opportunity costs. The word axiom should raise an eyebrow, so we can simply replace it with conjecture. And then there's the issue of how economics emerges as a field from epistemology. But I want to table that because I think that'll take a little bit of elaboration. It would be great if you could also explain what you mean by economic creationism.

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