Humans Have Goals. And They Value Goods and Services Accordingly.
A given goal dictates the specific means that an individual will choose for the attainment of that end. People make choices that they think will help them achieve an end.
A given goal dictates the specific means that an individual will choose for the attainment of that end. People make choices that they think will help them achieve an end.
Central planners like Cass Sunstein think our alleged "irrationality" means we need the government to intervene in our daily lives.
It is not a conclusive proof of a doctrine's correctness that its adversaries use the police, the hangman, and violent mobs to fight it. But it is a proof of the fact that those taking recourse to violent oppression are convinced of the untenability of their own doctrines.
Presented at the Mises Institute's "First Annual Advanced Instructional Conference in Austrian Economics" at Stanford University.
Bob Murphy discusses Hoppe’s argumentation ethics and essays on praxeology.
Can sociology be integrated into Mises's epistemological distinction between theory and history? What can sociology accomplish as a historical discipline?
There is no other means to attain full employment, rising real wage rates and a high standard of living for the common man than private initiative and free enterprise.
The praxeological method was the basic method of the earlier Austrian school and also of a considerable segment of the older classical school.
It becomes evident from Richard von Mises's fundamental work that mathematical probability theory can never be applicable to economics, or to any other study of human action.