Praxeology

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Jörg Guido Hülsmann

"His outstanding moral quality was moral courage, the ability to stand alone, and an almost fanatical intellectual honesty and candor that refused to deviate or compromise an inch."

Stephan Kinsella

But it should be clear that what distinguishes libertarianism from all competing political theories is its scrupulous adherence — informed by sound, i.e., Austrian, economics — to the idea that property rights in scarce resources must be assigned to the person with the best, objective link to the resource in question; and that, in the case of bodies, the link is the natural connection to and relationship between the occupant and the body, while for all other resources, the objective link is first use.

Ludwig von Mises

Prices are by definition determined by peoples' buying and selling or abstention from buying and selling.

Hans-Hermann Hoppe

In sum, protection and security contracts would come into existence. Furthermore, as a result of the continual cooperation of various insurers and arbitrators, a tendency toward the unification of property and contract law and the harmonization of the rules of procedure, evidence, and conflict resolution would be set in motion.

Praxeology tells us that human action is rational. The case being made for state action to remedy so-called irrationalities discovered by researchers in behavioral economics and finance has no logical justification.

Mark R. Crovelli

The problem with this assumption is that it is quite impossible to construct a scale of measurement for human preferences — both for individuals and especially for groups of individuals.

Roderick T. Long

Roderick Long talks about value-subjectivism, and where Austrian economics is supposed to endorse a subjective sense of value.