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3min chapter
257. Principles of Economics: An overview
The Bitcoin Standard Podcast
Contrasting Economic Perspectives on Minimum Wage Laws
This chapter contrasts the mainstream economic models that predict outcomes like minimum wage effects with the Austrian school's focus on individual human actions. It highlights how traditional models often fall short in real-world predictions, while the Austrian perspective provides insight into individual behavior and decision-making.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode