188. HUMAN ACTION - Principles of Economics Lecture 1

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Published 2023-09-30

Human Action is the first lecture of Saifedean's new online course, based on his latest book, Principles of Economics. In this lecture, Saifedean explains the Austrian approach to economics, how it differs from mainstream economic approaches, and why the concept of human action is so important to understanding economics. The course will have 18 lectures, with a new lecture every two weeks, running until June.

Sign up now on saifedean.com, and get all the lectures and join the live discussion seminars!

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Saifedean’s first book, The Bitcoin Standard:
saifedean.com/thebitcoinstandard

Saifedean’s second book, The Fiat Standard:
saifedean.com/thefiatstandard

Enjoyed this episode? Join Saifedean's online learning platform to take part in weekly podcast seminars, access Saifedean’s five online economics courses, and read his writing, including his new book, Principles of Economics! Find out more on saifedean.c

All Comments (21)

@microsoftpain 9 months ago

I'm a college student. I didn't really put much thought into the different schools of economics before 2020 or so, and was always confused in economics classes because the theory and the application never aligned in the real world or in government. But now, I suppose that's just another reason why Keynesianism is hot garbage. Everything made sense when I learned about the Austrian school.
@Annah382 9 months ago

We live in the golden age of information. We just need to sift through it to find the nuggets of truth. Ignorance is a choice.
@fusion9619 9 months ago

I think I'm gonna use this book to refresh/correct the economics i learned in college.
@Orson2u 9 months ago

I’m in. Dr Ammous, thank you for undertaking the Herculean task to write an Austrian economics principles book. WE SALUTE YOU!
@dynasty7298 5 months ago

Im.very excited to start this book. I got this on christmas 2023. I started learning about bitcoin and really liked it from the surface (late 2021). Eventually i ended up getting the bitcoin standard book. I am no reader at all. It took me a months to finish soley because reading has never been my thing. But none the less i kept reading and buying more books with the hopes of reading them all. finsished the bitcoin standard and i did like it. I started the fiat standard less than a month ago and im more than half way done. Its by far my favourote tool ive ever used to educate myself. I love the book, And i have no problems grasping what you talk about and the books really speak to me like nothing else has be able to do
@BlackLabelExpat 9 months ago

I think it's important to remember that groups/companies/governments can have control over the supply of a thing but not its demand.
@13Feynman 9 months ago

Cant believe this is free! Thank you mr. Ammous
@user-ec6st1tn8l 3 months ago

I will read his books for sure to build from the beginning my economy knowledge
@haddiabadlia9238 4 months ago

a great lecture by Dr. Saif Eddine, thank you so much for the effort
@araicher 9 months ago

Superb! Congratulations Saif! You are a light in the dark ❤
@dieterstadler3581 9 months ago

Excellent! Thank you very much!🙏🏻
@StheSharknl 5 months ago

Thank you so much for the lecture series! And your hate for Keynes is hilarious yet fully justified!
@kodyrrr 9 months ago

I look forward to reading this book when I return home. This was an interesting 1st lecture. Great work!
@zachpoynter8928 9 months ago

Grateful for the content 🙏
@westra4 9 months ago

Thanks Saif!!!
@jadb6218 9 months ago

Amazing thank you!
@au10666 9 months ago

This is grea Saif, thank you
@Dube8817 9 months ago

Grreat first lecture!
@romanuhlevatyi 9 months ago

Thank you.
@georgemcnaughton7839 9 months ago

Thank you sir