Principles of Economics came in the mail.
Anyone else read it yet?
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25 sats \ 1 reply \ @BlokchainB 9 Jun 2023
A few pages in. Laying the foundation for human action and that is at the heart of economics and how you can’t really experiment economic theories like you can with physical sciences because conditions change constantly and dealing with peoples lives. So it is really hard to set a good reference frame to really gauge economic activity.
Like this whole GDP metric!
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50 sats \ 0 replies \ @mudbloodvonfrei OP 9 Jun 2023
I have seen criticism in the past (don't remember where) of how economics uses a lot of complex math to give it the same patina of legitimacy that the hard sciences have, when it is in fact not an exact science.
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25 sats \ 2 replies \ @siggy47 9 Jun 2023
I'm having it read to me chapter by chapter on the podcast. Pretty dense stuff, but I guess it's meant to supplant Keynesian economics textbooks.
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0 sats \ 1 reply \ @mudbloodvonfrei OP 9 Jun 2023
That must be pretty rugged. I have a hard time absorbing complex ideas on podcasts. I prefer text, so I can integrate it at my own pace.
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50 sats \ 0 replies \ @siggy47 9 Jun 2023
It is. In fact, I'm getting far less out of it than if I sat down and read it. I have to find the time.
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0 sats \ 0 replies \ @dgy 9 Jun 2023
Principles of Economics by Saifedean Ammous is a very solid book about Austrian economics. The book that established Austrian economics was a book with the same title written in 1870 by Carl Menger. This new book written in 2023 can be seen as an update on all the economic topics in the Austrian perspective looking at everything written by all the important authors of the Austrian school including Ludwig von Mises, Friedrich A. Hayek, Murray Rothbard, Hans-Hermann Hoppe etc. In certain areas Saifedean advances and clarifies the Austrian thought as for instance in terms of energy, intellectual property etc. In the latter there was quite some confusion in the Austrian and Libertarian circles and I guess he nicely clarifies that point, there is no such thing.
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