Noneconomists struggle to realize that scarcity results in the necessity of tradeoffs. During the COVID-19 pandemic, this difference in thinking causes them to wrongly accuse economists of "prioritizing money over lives."
Claus Wiemann Frølund
Claus W. Frølund is Assistant Professor of Entrepreneurship and Innovation at the University of South-Eastern Norway. He was educated at Copenhagen Business School. Discovering Austrian Economics was nothing short of a revelation for him, as it helped make sense of a lot of his beliefs, many of which are far from mainstream in Scandinavia.
