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Communism, Economic Equality, and Failures with the Rational Choice Theory: Part 4 of my Discussion with the Renowned Mark Thornton of the Mises Institute
I had the honor to have a discussion with the renowned Economist Mark Thornton of the Ludwig von Mises Institute on the Austrian View of Economics. Earning a Ph.D from Auburn University, Mr. Thornton has been actively involved in the public debate over economic theory over the past several decades. In Part 4, we delve into economic inequality, specifically, the role of private property, classic liberalism, and the theory of communism, along with drawbacks of classical economic assumptions like the Rational Choice Assumption.
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By Aditya BulusuI had the honor to have a discussion with the renowned Economist Mark Thornton of the Ludwig von Mises Institute on the Austrian View of Economics. Earning a Ph.D from Auburn University, Mr. Thornton has been actively involved in the public debate over economic theory over the past several decades. In Part 4, we delve into economic inequality, specifically, the role of private property, classic liberalism, and the theory of communism, along with drawbacks of classical economic assumptions like the Rational Choice Assumption.