AMA 251 - The Armchair Economist with Steven Landsburg
American Monetary Association
00:00
Outsmarting an Economist
The chapter discusses an example from the speaker's latest book about outsmarting an economist, highlighting the failures of central planning and the efficiency of the market in resource allocation. Various topics such as backward reasoning, law school admissions, life and death matters, money, trade, and finance are explored, with an emphasis on the unseen impact and the importance of out-of-the-box thinking.
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