The Austrian approach to economics dispenses with the idea of "economic man," and broadens economics to include all action, which takes place in a framework of scarcity.
Once public opinion is convinced that the increase in prices will continue, everybody becomes eager to buy as much as possible and to restrict his cash holding to a minimum size.
Acton dice que la musa del historiador es Radamantis, el vengador de la sangre inocente: «El historiador debe ser un juez, y un juez de la horca, para corregir los errores de la historia».
Acton says the muse of the historian is Rhadamanthus , the avenger of innocent blood: "The historian must be a judge, and a hanging judge at that, to right the wrongs of history."
