Global Feed Post Login
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.

Avatar
BobThunder☀️ 1y ago

https://video.nostr.build/fada78761b996d1d112357c716cd764df5d469a5393235520bc97bfdc0834828.mp4

Reply to this note

Please Login to reply.

Discussion

Avatar
MattA 1y ago

Legend 💪🏽

Thread collapsed