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Economics for Everyday People: The Basics of the Austrian School of Economics

9.99 €
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Economics for Everyday People: The Basics of the Austrian School of Economics
9.99 €
The book is considered to be the best introduction to economic theory of the Austrian school for non-economists to date. Written in vivid modern language, the author explains the basic concepts of economic theory: value, money, capital, interest, the economic cycle, the consequences of government intervention in the economy, etc. using vivid and memorable metaphors and clear real-life examples. The Austrian school of economics does not study the functioning of a completely rational egoistic automaton, the notorious "economic man", but studies the actions and choices of real human beings, being therefore an economic theory that explains the behavior of real people.
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