Praxeology

Displaying 81 - 90 of 402

Mises versus Hayek on the Future of Civilization

HayekPhilosophyCalculation and KnowledgePhilosophy and MethodologyPolitical TheoryPraxeology

10/02/2023Mises Media
While F.A. Hayek is known for his term “spontaneous order,” Mises saw institutional development as coming from growth in human understanding of things.
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Economic Calculation Is Nonbinary

SocialismCalculation and KnowledgeEntrepreneurshipPraxeology

08/31/2023Mises Media
Economic calculation is not an either-or proposition. Even in so-called market economies like that of the USA, there is plenty of government intervention that distorts market processes.
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The Simplicity and Significance of Mutual Economic Exchange

Economic PolicyFree MarketsPraxeology

08/24/2023Mises Media
The simplest action of economics—beneficially mutual voluntary exchange—is also its most profound. People serve each other while improving their own lot in life.
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Praxeology

Austrian Economics OverviewPraxeology

07/24/2023Mises Media
Praxeology is the method of economics.
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Understanding the Difference between Praxeology and Psychology

Philosophy and MethodologyPraxeology

04/06/2023Mises Media
Some economists have tried to apply psychology to economic analysis, but psychology is not what drives economic activity.
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The Phillips Curve Is an Economic Fable

InflationMonetary TheoryPraxeology

03/20/2023Mises Media
Keynesians and fellow travelers hold the Phillips curve to be sacrosanct. But because the Phillips curve cannot establish causality, it is useless as economic theory.
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Saint Augustine, Proto-Austrian

History of the Austrian School of EconomicsPraxeology

02/28/2023Mises Media
One of the fundamental tenets of Austrian economics is the ordinal value scale. Augustine articulated the idea more than a thousand years before Carl Menger wrote his pathbreaking Principles of Economics .
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Will AI Learn to Become a Better Entrepreneur than You?

The EntrepreneurEntrepreneurshipPraxeology

02/23/2023Mises Media
While artificial intelligence has its merits, it still cannot perform the job of the Misesian entrepreneur. That is a good thing.
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Ten Ethical Objections to the Market Economy

Free MarketsMedia and CultureHistory of the Austrian School of EconomicsPhilosophy and MethodologyPraxeology

02/11/2023Mises Daily Articles
Murray N. Rothbard slices his way through ten of the most common value-based calumnies against the market economy. An excerpt from Man, Economy, and State, with Power and Market .
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We Will Berry You

Calculation and KnowledgePraxeologySubjectivism

01/13/2023Friday Philosophy
Wendell Berry is hardly Rothbardian in his economic and social outlook. His new book, however, has its Murray Rothbard moments.
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