1min chapter

Free Thoughts cover image

Real Economics (with Peter Boettke)

Free Thoughts

CHAPTER

What's in the Foreground of Your Explanation to the World?

In austrian econ, equilibrium conditions are like the skeleton. And then what you need to do is put on top of the skeleton the ligaments and muscles  to be able to make the theory work. That's economic theory without equilibrium as a background. It's just like an amorphous mess; it has nothing there. So emindestis austrian Econ we're kind of stepping back outside of the system,. Just add noise into the equilibriumAn try the standard equilibrium model and try o understand the bode with think it's a little different but that's one way in which people could talk about it.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode