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Episode 183: Economics’ Roots

Words & Numbers

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The Austrian Story of Public Choice

Buchanan: Public choice is application of economic principles to actors in government. This isn't something I studied either as an undergraduate or graduate student, he says. How is it that the Austrians haven't caused others to adopt this? Buchanan: In the last decade or two, we've kind of figured out a way to talk about Austrian economics and public choice.

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