Join John Golden as he interviews economist Walter Block about the Austrian School of Economics. In this episode, they explore the principles of human action, deductive reasoning, and the critical role of entrepreneurship. Walter contrasts Austrian and neoclassical economics, critiques government interventions, and emphasizes the value of free-market dynamics. Discover how these ideas apply to real-world challenges like minimum wage laws and rent control.
Key Points:
- Human action drives economic choices.
- Entrepreneurship fosters innovation and market growth.
- Government interventions can disrupt economic processes.
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