It’s impossible to predict the behaviors and actions of any one individual. So how can economists ever hope to understand the effects a shift in policy will have on the consumers within the economy? While individuals behave irrationally, groups give us more insight into understanding behavior and the impact those decisions will have on economics. Listen to his conclusion of the economic effects these choices have in the latest episode of the Free To Choose Media Podcast.
Today’s podcast is titled, “Conversation with Phillip Anderson.” 1977 Nobel Prize Winner in Physics Dr. Philip W. Anderson and California Institute of Technology Professor...
Today's podcast is the first of a two-part conversation between former Professor of Economics at UCLA, Armen Alchian, and famous economist Friedrich von Hayek....
Does the United States shift its economic policy too quickly? Not allowing enough time for these policies to take hold may be leading to...