Much of modern neoclassical economic theory depends upon assumptions that do not reflect real world conditions. Austrian economists, however, know that realistic assumptions matter.

Original Article: <a href="https://mises.org/wire/economics-and-real-world" target="_blank">Economics and the Real World</a>

Much of modern neoclassical economic theory depends upon assumptions that do not reflect real world conditions. Austrian economists, however, know that realistic assumptions matter. Original Article: Economics and the Real World{ai:summary}<p>Modern neoclassical economic theory relies on unrealistic assumptions, while Austrian economists prioritize realistic ones. #economy</p>

Economics and the Real World

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