Tag: human action
5 Takeaways from Mises’s Masterpiece: Human Action
September 29, 2024 | Post
Happy birthday, Ludwig! As a Happy Birthday tribute to Ludwig von Mises (born Sept. 29, 1881), here’s what you need to know about his life … and what you need to know from his iconic treatise on economics, Human Action. The underappreciated economist Ludwig von Mises is today celebrated as one of the founding fathers […]
Five books to understand Austrian economics
August 4, 2023 | Post
Ready to explore the fascinating world of Austrian economics? This article has got you covered! Whether you’re new to the subject or eager to learn more, we’ve handpicked five essential books just for you.
What Economists Mean When They Say People Act "Rationally"
September 23, 2016 | Post
Limits to the homo economicus version of rationality are also limits to the explanatory power of some aspects of introductory-level economics. They do not, however, compromise the case for laissez-faire. If anything, they strengthen it.
When to Use Heuristics and When to Use Rational Thought
August 20, 2016 | Post
Doing the research necessary to make good choices can be very time consuming. That’s why, as we learned in the last video, people resort to using heuristics to make better decisions. In the Learn Liberty video below, Professor Antony Davies and graduate student Erika Davies explain how people sometimes rely too heavily on heuristics, which can lead […]