The Fatal Conceit of Foreign Intervention


Where Did Economics Go Wrong? Modern Economics as a Flight from Reality

07 de junio de 2011   | Vistas: 61 |   Adam Smith Austrian School Of Economics Business Cycle Classical Liberalism

Peter Boettke lectures on the basis of economics, the rational choice and the invisible hand explanation, and he presents a matrix for understanding economic schools of thought. He points out Friedrich Hayek's theory to understand the behavior of free markets, tested with experimental economics, emphasizing that the intelligence of the experiment lays in its institutional framing. Furthermore, he talks about the use and misuse of the equilibrium construct. Boettke analyses where economics went wrong and mentions the relevant debate among the ideas of highly acknowledged economists.

Peter Boettke is professor of economics at George Mason University, where he also serves as vice president for research, BB&T…


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Universidad Francisco Marroquín