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Economics for ordinary people: the basics of the Austrian school of economics

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Economics for ordinary people: the basics of the Austrian school of economics
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The book "Economics for Ordinary People" is considered one of the best introductions to the economic theory of the Austrian school for non-economists to date. The author explains the main concepts of economic theory using vivid, memorable metaphors and clear examples: value, money, capital, interest, the economic cycle, the consequences of government intervention in the economy, etc. The Austrian school of economics does not study the functioning of an absolutely rational egoistic machine, the notorious "economic man", but examines the actions and choices of real human beings, and is therefore a theory that explains the behavior of real people.
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