Class 08 . The Method of Political Economy. Economic Theory and Practice Jesús Huerta de Soto
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➡️ Did you know that you can take the full course with access to the readings, program and resources on the #IJM training website? Sign up here: https://formacion.juandemariana.org/c... In this masterclass, Professor Jesús Huerta de Soto explores the method of political economy, analyzing the difference between theory and history, the importance of methodological dualism and the a priori and deductive approach in economic study. Content 00:00 Introduction - Presentation of the topic: Method of Political Economy. 02:11 Methodological Dualism - Differences between economic theory and history. 05:45 Theory and History - Connection and role of historical understanding. 10:42 Role of the Businessman and Historian - Parallels in interpretation and action. 16:58 Aprioristic and Deductive Method - Construction of economic theories from axioms. 26:48 Applications in Monetary Economics - Theory of money and business cycles. 34:21 Methodological Individualism - Focus on the human being as the basis of the economy. 41:24 Validation of Economic Theories - Criticism of empiricism and defense of the deductive method. 47:06 Universal Economic Laws - Examples of economic analysis and empirical evidence. 50:17 Conclusion - Summary and preview of the next topic: criticism of positivism. Through clear examples and in-depth explanations, you will learn: How economic theories are built from axioms. The relevance of methodological individualism as a basis for understanding human action. Why empiricism cannot validate universal economic laws. Don't miss this essential analysis to understand the economy from the perspective of the Austrian School! 🔔 Subscribe for more economic classes and analysis. ........ Help us continue and improve our work Become a member of the IJM: https://frapp.co/ngos/juandemariana/c... Become a member of the YouTube channel: / @instjuandemariana Make a donation: https://www.paypal.me/juandemariana Follow us on our social networks Web - https://www.juandemariana.org Instagram - / juandemariana Facebook - / juan.de.mariana Twitter - / juandemariana LinkedIn - / instituto-juan-de-mariana Telegram - https://t.me/juandemariana
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