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Schools of Thought in Classical Liberalism, Part 4: The Austrian School

What is the "Austrian School" of economics? When people refer to the Austrians, they are usually referring to the ideas of Friedrich Hayek and Ludwig von Mises. In this video, Professor Nigel Ashford outlines the basic beliefs of these two prominent economists. While the two agree that government should be limited, they also disagree on many points.
Length: 09:23

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