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Ep. 2510 How to Win Arguments, with Gene Epstein

The Tom Woods Show

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Debate on Austrian vs. Chicago School of Economics

This chapter delves into a debate between two guests discussing the Austrian versus Chicago schools of economics, highlighting the important insights of the Austrians over the Chicago school. The discussion covers technical topics like capital, labor, natural resources, ordinal versus cardinal ranking of utility, and differences between the two schools. The chapter emphasizes the significance of understanding human action, hypotheses, and applying them to empirical reality in economic discussions.

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