To live is to act. To act is to choose. To choose is to prefer. To prefer is to pursue values—that is, to value. That's logic-guided observation. Ego sum, ergo aestimo: I am, therefore I value. (HT: Aristotle, Ayn Rand, and Ludwig von Mises.) Next: to think is to act....
"[T]he general principles which regulate our conduct in business are identical with those which regulate our deliberations, our selections between alternatives, and our decisions, in all other branches of life. And this is why we not only may, but must, take our...
https://youtu.be/YUpUBt52hXk Economics, as a branch of the more general theory of human action, deals with all human action, i.e., with man’s purposive aiming at the attainment of ends chosen, whatever these ends may be. Ludwig von Mises, Ph.D., Human Action, p. 880...
A pet peeve of mine is the distinction, drawn even by some market enthusiasts, between so-called personal liberty (or civil liberties) and economic liberty. The former, which usually includes freedom of conscience and religion, speech, and press, is thought to be...
https://youtu.be/Vias-IE6COs ... economic theories cannot be “tested” by historical or statistical fact. These historical facts are complex and cannot, like the controlled and isolable physical facts of the scientific laboratory, be used to test theory. Murray...
Lockdown doesn't cripple "the economy." It cripples people who are trying to live. Strictly speaking, there's no economy. There are people interacting in particular ways regularly.
In 1949, the first year of Harry S. Truman's only elective presidential term, three things happened that were of huge importance ... at least to me. Ludwig von Mises (1881-1973) published Human Action. Gilbert Ryle (1900-1976) published The Concept of Mind. And, oh...
Why does the government hate Austrian economics? How is economics really philosophy? This school of economic thought explains the boom bust cycle of our economy using simple deductive logic. Using Praxeology, a branch of philosophy created by Ludwig von Mises. It...
Over and over, U.S. government officials and their mainstream media allies called Russia’s 2022 invasion of Ukraine an “unprovoked attack.” The slogan became so overused that people began to ask the obvious question: Why do they protest so much? In Provoked: How...
