Ep. 19 – Three Basic Concepts in Economics | Dr. Donald Boudreaux

To understand the world, I am convinced you must understand economics. In order to understand economics, you have to start with the basic concepts. Unfortunately, an unsettling amount of “experts” do not seem to understand the basics of their field, and economics is no exception.

With flawed basics, any more complex analysis is bound to be critically flawed.

I’m joined by Dr. Donald Boudreaux, who frequently writes about the basics, and we cover some of the foundational concepts that are crucial for any understanding of economics.

Guest’s Website

Guest’s Book – Globalization

Some of My Articles on Economics:

Savings: Fuel for an Economic Engine; Behind Business Cycles

Recommended Book – Economics in One Lesson

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