Austrian vs Classical: which school does Bitcoin actually run on?
Day 2 · 10:40–11:20 · Main stage · Panel
Stephan Kinsella, Thomas Brand, Knut Svanholm
What is Austrian economics, what is Classical economics, and where do they actually disagree? Subjective value versus the labor theory of value, time preference, sound money, and which school best explains why Bitcoin works the way it does. A walk through the schools of economics and the one Bitcoin is built on.