The Methodology of Thinking on Your Own
Courtesy: http://www.CertifiedMedicalPlanner.org
By Dr. David E. Marcinko MBA CMP
The Austrian school of Economics uses the logic of a priori thinking—something a person can think on their own without relying on the outside world—to discover economic laws of universal application.
The other mainstream schools of economics, like the neoclassical school, the new Keynesians and others, make use of data and mathematical models to prove their point objectively.
In this respect, the Austrian school can be more specifically contrasted with the German historical school that rejects the universal application of any economic theorem.
PODCAST: https://www.youtube.com/watch?v=MxK8FKU3BPs
And so, colleague Peter Quinones – Free Man Beyond The Wall – welcomes Per in this podcast presentation. Per talks about the role of the entrepreneur, not only in society, but according to the Austrian School of Economics!
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PODCAST: http://freemanbeyondthewall.libsyn.com/episode-312
Assessment: Your thoughts and comments are appreciated.
THANK YOU
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Filed under: Glossary Terms, Health Economics, Videos | Tagged: Austrian Economics, FA Hayek, Ludwig Von Mises Institute, Peter Quinones |
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