Econ 101

In this issue we will cover chapter 2 of the book "How to Think about the Economy" by Per L. Bylund. It introduces the reader to what a theory is and why human action is the foundation of economic theory. Bylund explains that a theory must be stringent

Having a sound understanding of the basics of economics is important in order to understand what is going on in society and why Bitcoin is important. If we don't understand what makes people act we will be doomed to create models of the economy which are detached from