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Archive Nota Bene Steven Wedgeworth

Analogue Economics and the Nature of Currency

Wes Baker has an insightful post on economics, arguing that the Austrian School improperly commodifies money and thus fails to understand the constitutive nature of a society. He writes: I have often referred to Austrian economics as “analogue economics” (as opposed to “digital”)… What I mean is that this school of economics tends to treat […]