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Mises held that the virtue of economics was its particular capability in providing insight into the link between human values, human action and desired outcomes. He advocated for a distinct economic way of thinking as a valid and necessary extension of logic, and therefore easily available to everybody.
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An irony of launching ourselves into actions to remove obstacles to our well-being is that often the decisions and actions we take actually lead us in the opposite direction.
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In a recent episode of The Human Action Podcast by the…