About this episode
Mainstream economists believe that economic theory is valid when it “predicts” economic actions or trends. Austrian economists, however, say that the purpose of economic theory is to explain economic events.Original Article: What Is the Purpose of Economic Theory?
Get every episode summarized
Each time Audio Mises Wire publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
Hosts & guests
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from Audio Mises Wire
We Are Living in the Fourth American Republic
Audio Mises Wire
Apr 30, 202616:05failed
The Tragedy of Socialized Fertility
Audio Mises Wire
Apr 30, 202612:38failed
USAID Funded Aid Programs Abroad, But Mainly Was a Jobs Program for Progressives
Audio Mises Wire
Apr 30, 202611:58failed
The Fuel Protests in Ireland: Their Lights and Shadows
Audio Mises Wire
Apr 29, 20267:48failed