Sunday, January 12, 2025

Economy in Black & White: Digital Diary: 2025: B

 John Locke 

A) 


Epistemology 

A) Epistemology is the branch of philosophy that examines the nature, origin, and limits of knowledge.  ...  Epistemologists study the concepts of belief, truth, and justification to understand the nature of knowledge. To discover how knowledge arises, they investigate sources of justification, such as perception, introspection, memory, reason, and testimony. 

Austrian school of economics

A) Austrian economics is a heterodox school of economic thought that focuses on the actions of individuals and their motivations as the primary drivers of social phenomena. Austrian economists believe that the economy is a complex network of cause-and-effect relationships that are driven by human action and interaction. 



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