2min chapter

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030 - Knut Svanholm: Seafaring, Praxeology & Bitcoin Spirituality

Free Cities Podcast

CHAPTER

The Importance of Free Will in Economics

Praxeology is a science of human action. It's the foundation for the Austrian School of Economics, which acknowledges that people act out of their own free will. So it can't be simply explained by equations and numbers. And this is also why all other economic theories are wrong, because they don't take free will into account.

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