The Purpose of Theory
Peter and Russ discuss the purpose of economic theory and its application in understanding the social world. They highlight the importance of history and how theories act as eyeglasses to read and analyze it. The conversation also touches on the contributions of various economists and the need for good economics to take into account different propositions.In this clip
From this podcast
EconTalk
Peter Boettke on Austrian Economics
Related Questions
How were Milton Friedman's ideas applied in policy as discussed in the episode Binyamin Appelbaum on the Economists' Hour and the clip Friedman's Monetary Policy?
What were Milton Friedman's core beliefs as discussed in the episode Binyamin Appelbaum on the Economists' Hour and the clip Friedman's Monetary Policy?