Time, Capital, and Civilization | The Song Series | Episode 1 (WiM080)
The "What is Money?" Show
00:00
The Importance of a Priori Knowledge in a Dynamic System
In a dynamic system like the economy, it's hard to isolate a variable. And this is what austrian economics is based on. It's based on a priori knowledge, or its rationalistic versus something like cansianism. i think that's largely the reason for the failure of cansian economic policies,. cause they trid to just sort of take these aggregate numbers and say, well, if we increase this, then this goes down.
Transcript
Play full episode
