What is Austrian economics good for?
"Hayek’s ideas enlightened me to a way of thinking about the world that had great significance and explanatory power. He provided a way to think about the order of the everyday that was not only exciting, but made sense. Seemingly dull, abstract phenomena like market prices and quantities produced were now illuminated in the context of the vastness and complexity of the systems that produced them, and that complexity was grounded in a logic that gave reason and coherence to the actions of the disparate millions of individuals involved." Read the rest at The Vienna Circle.
Comments are closed.