Praxeology

From the session on “Monetary Theory and Policy,” presented at the Austrian Economics Research Conference.

Crusoe may decide that he would like to expropriate Jackson's house and collection of furs and murder Jackson as a means to that end.

 One of the fundamental pillars of Hayekian social thought is Friedrich Hayek's contention that study of the market cannot be a priori.

What the liberals maintain is that the immense majority prefer a life of health and abundance to misery, starvation, and death.

There is only one thing that is certain about the individual's future & death.

There's a strange phenomenon unique to modern Austrian economics as an intellectual movement.

Two questions as we go to the marketplace: whether or not to exchange, and if so, on what terms.

No reader of these essays can fail to note one respect in which Leland Yeager resembles two quintessential Austrian economists, Mises and Rothbard.

The saying that things may work nicely in theory, but do not necessarily work in practice is well known, but there's good theory and bad theory.

Economics is <em>not</em> a dry subject. It is <em>not</em> a dismal subject. It is <em>not</em> about statistics. It is about human life.