Replying to Avatar MattA

The 6 Key Lessons of the Austrian School of Economics, as outlined by Ludwig von Mises:

**Subjective Value**: Value is subjective and differs from person to person.

**Spontaneous Order**: Economic order emerges spontaneously from the actions of individuals.

**Time and Uncertainty**: Economic decisions are made over time and under conditions of uncertainty.

**Marginal Analysis**: Individuals make decisions at the margin, weighing costs and benefits.

**Private Property**: Private property rights are essential for economic coordination.

**Economic Calculation**: Markets facilitate economic calculation through prices.

These principles form the foundation of Austrian economics, emphasizing individual action, entrepreneurship, and the market process.

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mike 1y ago

Do you need to be an Austrian economist to work this out?

I thought this was common sense!

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Palmira 1y ago

Don’t you ever get the feeling that so many around you lack common sense? It seems to me that those who are still under the rat race simulation just don’t see the obvious. It shows how effective their enslaving propaganda has been on the masses. Which also tells me that these so called untouchables are well organized and have been working towards their goal of ruling over the rest of us with utmost dedication and discipline for a very long time.

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Diacone Frost 1y ago

no. you need to have a graph! and a degree ofc. if you don't, you just can't understand economics. And your're sense is wrong. that's what common means.

-- Lord Keynes

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puddintaine2 1y ago

Yes, they lack common sense for those reasons, plus they’re all high on Mind-Numbing & I.Q. Lowering prescription anti-depressants, anti-psychotics, Valium type tranquilizers, anti-convulsives, pain-killers, cholesterol drugs, and so much more. I.e. toxic food, water & air, and overloaded with dangerous 🧠 damaging vaccines.