The Difference between The Chicago School and Austrian School - Ludwig von Mises vs. Milton Friedman скачать в хорошем качестве

The Difference between The Chicago School and Austrian School - Ludwig von Mises vs. Milton Friedman

Do you know what separates the Austrian School of economics from the Chicago School? Well, that's a tough one. These two influential schools of thought, born in different times and places, have shaped our understanding of economic theory in profound ways. The Austrian School, hailing from late nineteenth-century Vienna, places a great emphasis on methodological issues, asserting that economic theory is an a priori discipline. On the other hand, the Chicago School, blossoming in the mid-twentieth-century United States, is known for its vigorous defense of free-market principles and its development of models, even with false assumptions, to interpret economic phenomena. OUTLINE: 00:00:12 Introduction and Engaging Question 00:01:07 The Austrian School of Economics 00:02:40 The Chicago School of Economics 00:04:01 Differences Between the Austrian and Chicago Schools 00:06:27 Conclusion 🤘 SUBSCRIBE TO LIFE ACCORDING TO LUFI AND DON'T MISS ANY NEW VIDEO @Life.According.To.Lufi Thank you for you support!