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Thank you for a great AU 2018! - Acton University 2019: June 18 - 21

Free-Market Thought: Austrian Economics

Session 10
Introductory Course

Austrian Economics, which embodies individualism, subjectivism and dynamic markets, is particularly suited to understanding the perverse link between a centrally controlled monetary system and a decentralized market economy. The ups and downs of the business cycle can be understood in terms of a pricing system that distorts interest rates and hence distorts the entrepreneurial planning of time-consuming projects on an economy-wide level.

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