The Dismal Science of Economics
November 21, 2020
Economics has been called the dismal science. It doesn't seem to have the same respect as other fields of "real" scientific study. Why is that? John Flaherty & Keith Weiner discuss a number of reasons.
In addition, you'll learn the all-important variable in modern economics, why the net present value calculation obscured the visibility of the real estate bubble leading up to 2008, and the parallel between 'court economists' and a Star Wars drug dealer.
Additional Resources:
Additional Resources:
- The Great Horse Manure Crisis of 1894
- Time value of money
- Ludwig von Mises
- Star Wars death sticks
- The Austrian School of Economics
- Retrograde motion & Copernicus
- Acting Man
- Principles of Economics by Carl Menger
- Paul Krugman
- Ayn Rand
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