4min chapter

The "What is Money?" Show cover image

How to Think About the Economy with Per Bylund (WiM248)

The "What is Money?" Show

CHAPTER

The Axiom of Action That Man Must Act or Humans Must Act

Economics is rooted in the axiom that man must act or humans must act. As you unfold it, all these theorems just pour out of it: actors economize. I'm wondering if you have any special tricks to introduce this whole new way of thinking about economics to people. It's such a powerful way of thinking that it really does uncover how things actually work.

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