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#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics

Lex Fridman Podcast

CHAPTER

Understanding Austrian vs. Keynesian Economics: Marginal Analysis Explained

This chapter examines the core principles of Austrian economics and its differentiation from Keynesian theories. It highlights key concepts such as marginal analysis and the water-diamond paradox, while discussing the historical evolution and criticism of mainstream economic perspectives.

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