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168. Available now: Principles of Economics!

The Bitcoin Standard Podcast

CHAPTER

The Importance of Utility in Economics

Rational action is what distinguishes human beings from other animals. A lot of our actions can be irrational or non-rational in that they are not the product of deliberate reason. And so, understanding that reason is what drives humans is a very powerful tool to understand how humans behave and how economics and economic relationships with human beings develop.

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