Understanding the Difference between Praxeology and Psychology
Some economists have tried to apply psychology to economic analysis, but psychology is not what drives economic activity.
Some economists have tried to apply psychology to economic analysis, but psychology is not what drives economic activity.
Philosopher Susan Neiman may be a leftist, but she recognizes the dangers of woke progressivism.
Some economists have tried to apply psychology to economic analysis, but psychology is not what drives economic activity.
Karl Marx may have been a philosopher or just someone with an opinion. He was not, however, an economist.
Karl Marx may have been a philosopher or just someone with an opinion. He was not, however, an economist.
Progressivism is collectivist, anti-individual, and ultimately destroys civilization itself. Austrian economics stands against this force.
Teaching high schoolers economics means teaching Austrian principles.
Progressivism is collectivist, anti-individual, and ultimately destroys civilization itself. Austrian economics stands against this force.
Other psychic factors being equal, it is to everyone's self-interest to maximize his monetary income on the market. But this maximum income can then be used for either “selfish” or for “altruistic” ends.