Tag Archive for: Mises

How Economic Thinking Can Benefit Consumers, Managers, and Entrepreneurs (Part 8)Barry L. Linetsky, 2019

How Economic Thinking Can Benefit Consumers, Managers, and Entrepreneurs | Part 8: The Solution Is In How We Solve Problems

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A technique to improving managerial performance when planning is to take into account the second and third-order consequences and implications of one’s actions across an expanding time period. The farther out one is able to project and consider, the better.
How Economic Thinking Can Benefit Consumers, Managers, and Entrepreneurs (Part 3)Barry L. Linetsky, 2019

How Economic Thinking Can Benefit Consumers, Managers, and Entrepreneurs | Part 3: The Economic Way Of Thinking

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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.