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168. Available now: Principles of Economics!

The Bitcoin Standard Podcast

CHAPTER

The Importance of Human Action in Economics

The first part is on fundamentals of economics, laying the groundwork of the mental tools that we are going to be using for this book. And it begins with chapter one on human action. I thought this would be the best place to explain how Austrian economics is different from the regular economic world. The unit of analysis, the unit with which we're concerned is individual decision making.

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