The Austrian School of Economics has prevailed through time given the relevance it has gained in understanding the way markets really work. Peter Boettke has a conversation with Luis Figueroa regarding the importance of the philosophy of economics and explains the value of its premises. They discuss the process of thinking and understanding life through an economics point of view, as a result of dynamic laws present in everyday situations. Finally, Boettke comments on the role of ethics in the Austrian School of Economics and portrays common misconceptions about these sciences.
Credits
Relevance of the Austrian School of Economics in the 21st Century Peter Boettke, Luis Figueroa
Business School Building, EN-606 Universidad Francisco Marroquín Guatemala, June 13, 2011
A New Media - UFM production. Guatemala, June 2011 Camera: Jorge Samayoa; digital editing: Claudia de Obregón; index and synopsis: Sergio Bustamante; content reviser: Sofía Díaz; publication: Claudia de Obregón, Sofía Díaz
This work is licensed under a Creative Commons 3.0 License Este trabajo ha sido registrado con una licencia Creative Commons 3.0
Peter Boettke
Peter Boettke is professor of economics at George Mason University, where he also serves as vice president for research, BB&T Professor for the Study of Capitalism, and research director for the Global Prosperity Initiative at the Mercatus Center. Furthermore, he is deputy director of the James M. Buchanan Center for Political Economy. He is author and coauthor of various books on economics and politics, such as: Living Economics: Yesterday, Today, and Tomorrow, Challenging Institutional Analysis and Development: The Bloomington School, The Economic Way of Thinking, The Political Economy of Soviet Socialism: The Formative Years, among others. Boettke received his BA in economics from Grove City College, MA and PhD in economics from George Mason University. He holds a honorary doctorate in social sciences from Universidad Francisco Marroquín.
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