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20 sats \ 3 replies \ @Undisciplined 14 Apr \ parent \ on: "Americans would be better off working in a factory" vs "I would" econ
You remember that correctly. Catallactics is the study of human action in market settings, which is also what the academic field focused on during Mises' time.
Modern day economists study things beyond market contexts.
Of course, they are also studying state action which is, precisely, not human action. It is an institutional program of pillaging, according to Bastiat and others.
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Similarly, economics of crime
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Right!! But isn’t that just saying a redundancy? Crime is crime, no matter the color of the shoes someone is wearing.
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