Podcasts News Politics The Tom Woods Show Ep. 1045 The Key Ingredient in Why We Understand the Economy, and They Don't

Ep. 1045 The Key Ingredient in Why We Understand the Economy, and They Don't

Published: Nov. 23, 2017, 3:15 p.m.

There's one thing in particular that the Austrian School of economics understands better than do other schools, and it helps to explain why the Austrians in turn better understand how the economy works (and what makes it not work). That thing is capital theory. Boring? Nope. Super important. Here's what other economists don't get.