Teaching and Communicating Economic Ideas

|Peter Boettke|

Here is a new interview from UFM.

 

Comments

[McKinney]

Excellent interview! In addition Poverty Cure is implementing Boettke's ideas on reducing poverty:

"PovertyCure is an international coalition of organizations and individuals committed to entrepreneurial solutions to poverty that challenge the status quo and champion the creative potential of the human person." http://www.acton.org/pub/religion-liberty/volume-21-number-4/whats-behind-povertycure

[riyanto]

Thanks for the feedback!Weber's cotmimment to marginal utility is seen in his piece Marginal Utility and the Fundamental Law of Psychophysics. Also, Weber strongly believed that both sociology and economics needed each other. Sociologists need, according to Weber, coherent theoretical constructs to assist in understanding social phenomena. Economists, on the other hand, must appreciate that motivations, other than monetary, must be incorporated into the arguments of actors' utility functions. Especially when economists are exploring human action outside of markets. Weber, in short, believed that purposiveness (or the pure logic of choice) should be the theoretical guide for understanding human action outside of markets. Weber, to be sure, was a student of Schmoller, but he was unquestionably a Mengerian-Misesian!