Economists in the Austrian School approach their analysis by looking at human choices and behavior, and how human action by itself creates and regulates markets.
Peter J. Boettke
Peter Boettke is a University Professor of Economics and Philosophy at George Mason University, the BB&T Professor for the Study of Capitalism, and the Director of the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University.
Peter J. Boettke joins us to explain the origins and methodology of the Austrian tradition in economics.
The socialist calculation debate asks whether central planners can efficiently distribute resources. Evidence largely proves that no, socialism will always fail.