Praxeology is the science of human action.
"Price theory is the cornerstone of the foundation of economic calculation."
The standard Keynesian line is that increases in consumer spending always are good for a nation's economy. Yet, there is much more to economic growth than simple spending.
"Menger developed the whole system of economics."
More than two decades ago, the Federal Reserve joined with the federal government to make housing more affordable. The first housing bubble popped in 2008, and a second bubble is on its way to bursting.
The entrepreneur is the driving force of the whole market system.
Money, what it is, where it came from, and why it is essential for just thriving society and economy.