3. Why Austrian Economics Matters
from Mises Media Hosted by Llewellyn H. Rockwell Jr.
Economics needn't be the "incoherent" discipline Schumpeter mocked. Lew Rockwell argues the Austrian School best explains how society's scarce resources get coordinated without central direction—the most profound and useful account of the market order. From Speaking of Liberty, as narrated by the author, pp. 40-57.
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