Economics isn't a math problem; it's behavior
Quote
the Austrian principle is the economics is not a math problem. It's a behavior problem.
Episode 100: Streamers and Dreamers (episode page, opens in a new tab) 00:11:18 (play audio from this timestamp, opens in a new tab)
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Summary
Responding to a podcast consultant trying to model value for value with formulas, Dave invokes the Austrian school. Mises studied human action (praxeology), not models. The question is what behavior a given offer or set of conditions is most likely to produce, not listeners times CPM.
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Episode 100: Streamers and Dreamers (episode page, opens in a new tab) 00:10:55 (play audio from this timestamp, opens in a new tab)
economics in general, but also, it extends to podcasting. Economics is not a math problem. It seems that way. Because, you know, we have to do calculations and keep Ledger's
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