How to Use Methodological Individualism
Methodological individualism is a precious tool for historical analysis. But it is not a foundation of economic theory.
Methodological individualism is a precious tool for historical analysis. But it is not a foundation of economic theory.
Furthering the discussion about “How can we reconcile the idea that there are laws of human action, that manifest themselves in market prices and the structure of production, with the idea that there is also freedom of choice?”
Whether or not a child should vote depends on whether or not he or she is a net taxpayer.
Today, the term "Austrian economics" is used to designate two very different paradigms.
The solution to the problem of human relationships is freedom, and it thrives most when the role of government is limited.