How to Tell if a Politician is Economically Literate (feat. Per Bylund, Ph.D.)

by | Aug 30, 2022

Core to understanding the economy is recognizing that it is about human actions and interactions. In fact, the economy is people acting and interacting. It is little or nothing else. We tend to think of the economy in terms of resources, machines, businesses, and perhaps jobs. But that is a simplification that is misleading. Those are important, but they are all means to ends. The economy is about using means to attain ends. To put it differently, it is how we act to satisfy our wants, to make us better off . Simply put, the economy is about creating value.

– Per Bylund, How to Think About the Economy: A Primer (p. 15)

Per Bylund, PhD, is a Fellow of the Mises Institute and Associate Professor of Entrepreneurship & Records-Johnston Professor of Free Enterprise in the School of Entrepreneurship in the Spears School of Business at Oklahoma State University, and an Associate Fellow of the Ratio Institute in Stockholm.

BitChute

Archive

Flote

Spotify

About Keith Knight

Keith Knight is Managing Editor at the Libertarian Institute, host of the Don't Tread on Anyone podcast and editor of The Voluntaryist Handbook: A Collection of Essays, Excerpts, and Quotes.

Our Books

thisone

Related Articles

Related

AntiWar Alliance: The Dissident Left & Libertarians

AntiWar Alliance: The Dissident Left & Libertarians

https://youtu.be/PuyVsR8rRBI To kill one man is to be guilty of a capital crime, to kill ten men is to increase the guilt tenfold, to kill a hundred men is to increase it a hundredfold. This the rulers of the earth all recognize, and yet when it comes to the greatest...

read more
A Lawyer Explains “The Myth of the Rule of Law”

A Lawyer Explains “The Myth of the Rule of Law”

https://youtu.be/ee4NHbDnd2U I refer to the myth of the rule of law because, to the extent that this phrase suggests a society in which all are governed by neutral rules that are objectively applied by judges, there is no such thing. As a myth, however, the concept of...

read more

Pin It on Pinterest

Share This