Praxeology

Displaying 1 - 10 of 535
Marcos Giansante

Human Action by Ludwig von Mises is not just another book on economics, although its economic content is excellent and timeless. It is a passage through one truth after another, built upon logic and reason.

Soham Patil

Reality cannot be transformed by mere decrees that take issue with the conditions of the world. Removing these distortionary hurdles is necessary for economic prosperity.

Alan Mosley

Ludwig von Mises was born 144 years ago today. His economic masterpieces are as relevant and powerful today as when they were written. Mises still is the most eloquent voice against socialism.

Jekaterina Liachovic

No matter how “inelastic” the demand, excessively high prices cannot persist indefinitely without human action.

Frank Shostak

Mainstream economists claim that they can use econometric models to emulate human action and, thus, create an economic laboratory. These models, however, cannot tell us about cause-and-effect, which is vital to understanding praxeology and economic behavior.

Joshua Mawhorter

In examining the Austrian regression theorem of money, Joshua Mawhorter takes on the chartalist/MMT claim that government gives money its value. The chartalist/MMT advocates lack a necessary cause-and-effect mechanism to prove their claims.

Oscar Damberg

Modern psychology has been at odds with the praxeology of the Austrian School, as psychologists have tended to see humans as passive and reactive, while Austrians view human action as purposeful. Recent developments in the field might change that narrative.