Tag Archives: Mises

Why am I so blessed? Or have I spoke too soon?

I can’t recommend enough that people study economics. It has taken over my life, for the better. It is the ultimate red pill. Governments make sense when you study economics (if you’re studying the right places). It makes revolutions all the more understandable, and is truly frightening in making you realize that, very likely, you may be involved in a revolutionary war in your life time, or a political prisoner, or subjected to the whims of your “rulers”, whatever they may be. “Constitutional protections” are flimsy when the rulers just……….you know, ignore them. The ultimate answer is an education. That is truly profound. The battle between good and evil never ultimately ceases. We just, thankfully, get some breaks from it every now and then. Peace, of course, is preferable. But smart people know that evil people won’t hesitate to use evil to achieve their means. It is crucial that people be willing to accept their natural right to defend themselves.

It is already known that the Enlightenment changed the world. And such a relatively short period of time ago. But as government gets more and more involved in education, these truths become lost. We mustn’t let the little kiddies ever believe that they have a “right” to ever disobey us. This is why the warning bells have been signaled ever since America’s FOUNDING. The debate over the structure of the government. Thankfully, America was founded upon a rebellion against tyranny. The Enlightenment changed the world. Americans are the products of the Enlightenment. It truly makes one want to study world history, and see if America really was the first “free land”. Ireland, apparently, was “free” for a millennium. That’s astounding. History is full of revolutions. Now, more than ever, I am interested in studying world history.  I finally no longer have my fingers in my ears while I sing “Our God is an awesome God” every time the subject of world history comes to my attention. The same for other subjects as well (thank God).

Many Americans have a “Revere” spirit. We still remember why America became a nation. And at least some of us still understand that this is always relevant. “Revolution” is not simply “historical”. It is always an option. Many Americans understand this, but sadly, more and more refuse to accept this truth. More and more, people become less skeptical of “leaders”. They refuse to believe that America could ever become, say, a North Korea. That type of attitude whittles away the revolutionary spirit that founded the nation. It is a very scary trend. The reason economics is so crucial to this cause is because people will ask, for example, what happened in 2008? Why did I lose everything? They look for answers. Their political leaders always offer them the solutions. And many of them listen, and believe the leaders. Even the most elementary glance at history shows the ultimate “conclusion” of government control. Americans are skeptical of this. “Wait a minute: weren’t we founded on a rebellion against government? Wasn’t that what the Enlightenment was all about? Something fishy is going on here. What am I missing?” The answer is economics.

……….Of course, educating oneself in other areas would help as well. I’m getting around to educating myself on world history. Currently, I’m too involved with economics to do both. You have to have a structure when learning. That, really, comes down to the individual student.

A Philosopher’s Mind.

Free Will Contradictions.

Read.

Advertisements

Murray Rothbard – Left, Right, and the Prospects for Liberty

Murray Rothbard – Left, Right, and the Prospects for Liberty.

Fritz Machlup’s list of the typical views in Austrian economic thinking.

(1) Methodological Individualism: In the explanation of economic phenomena we have to go back to the actions (or inaction) of individuals; groups or “collectives” cannot act except through the actions of individual members.

(2) Methodological Subjectivism: In the explanation of economic phenomena we have to go back to judgments and choices made by individuals on the basis of whatever knowledge they have or believe to have and whatever expectations they entertain regarding external developments and especially the consequences of their own intended actions.

(3) Tastes and Preferences: Subjective valuations of goods and services determine the demand for them so that their prices are influenced by (actual and potential) consumers.

(4) Opportunity Costs: The costs with which producers and other economic actors calculate reflect the alternative opportunities that must be foregone; as productive services are employed for one purpose, all alternative uses have to be sacrificed.

(5) Marginalism: In all economic designs, the values, costs, revenues, productivity, etc., are determined by the significance of the last unit added to or subtracted from the total.

(6) Time Structure of Production and Consumption: Decisions to save reflect “time preferences” regarding consumption in the immediate, distant, or indefinite future, and investments are made in view of larger outputs expected to be obtained if more time-taking production processes are undertaken.

Economics.

Libertarianism and Capitalism.

The parts of Human Action by Mises that I most intimately relate to (updated as I currently read and find more things to add).

1. “It is vain to object that life and reality are not logical. Life and reality are neither logical nor illogical; they are simply given. But logic is the only tool available to man for the comprehension of both. It is vain to object that life and history are inscrutable and ineffable and that human reason can never penetrate to their inner core. The critics contradict themselves in uttering words about the ineffable and expounding theories—of course, spurious theories—about the unfathomable. There are many things beyond the reach of the human mind. But as far as man is able to attain any knowledge, however limited, he can use only one avenue of approach, that opened by reason.”

2. “The revolt against reason, the characteristic mental attitude of our age, was not caused by a lack of modesty, caution, and self-examination on the part of the philosophers. Neither was it due to failures in the evolution of modern natural science. The amazing achievements of technology and therapeutics speak a language which nobody can ignore. It is hopeless to attack modern science, whether from the angle of intuitionism and mysticism, or from any other point of view. The revolt against reason was directed against another target. It did not aim at the natural sciences, but at economics. The attack against the natural sciences was only the logically necessary outcome of the attack against economics. It was impermissible to dethrone reason in one field only and not to question it in other branches of knowledge also.

The great upheaval was born out of the historical situation existing in the middle of the nineteenth century. The economists had entirely demolished the fantastic delusions of the socialist utopians. The deficiencies of the classical system prevented them from comprehending why every socialist plan must be unrealizable; but they knew enough to demonstrate the futility of all socialist schemes produced up to their time. The communist ideas were done for. The socialists were absolutely unable to raise any objection to the devastating criticism of their schemes and to advance any argument in their favor. It seemed as if socialism was dead forever.

Only one way could lead the socialists out of this impasse. They could attack logic and reason and substitute mystical intuition for ratiocination. It was the historical role of Karl Marx to propose this solution.”

3. “There was still the main obstacle to overcome: the devastating criticism of the economists. Marx had a solution at hand. Human reason, he asserted, is constitutionally unfitted to find truth. The logical structure of mind is different with various social classes. There is no such thing as a universally valid logic. What mind produces can never be anything but ‘ideology,’ that is, in the Marxian terminology, a set of ideas disguising the selfish interests of the thinker’s own social class. Hence, the ‘bourgeois’ mind of the economists is utterly incapable of producing more than an apology for capitalism. The teachings of ‘bourgeois’ science, an offshoot of ‘bourgeois’ logic, are of no avail for the proletarians, the rising class destined to abolish all classes and to convert the earth into a Garden of Eden.”

4. “It is certain that many intellectuals envy the higher income of prosperous businessmen and that these feelings drive them toward socialism. They believe that the authorities of a socialist commonwealth would pay them higher salaries than those that they earn under capitalism.”

5. “Sometimes a superficial observer may believe that labor performed by other people gives rise to immediate gratification because he himself would like to engage in a kind of play which apparently imitates the kind of labor concerned. As children play school, soldiers, and railroad, so adults too would like to play this and that. They think that the railroad engineer must enjoy operating and steering his engine as much as they would if they were permitted to toy with it.
On his hurried way to the office the bookkeeper envies the patrolman who, he thinks, is paid for leisurely strolling around his beat. But the patrolman envies the bookkeeper who, sitting on a comfortable chair in a well-heated room, makes money by some scribbling which cannot seriously be called labor. Yet the opinions of people who misinterpret other people’s work and consider it a mere pastime need not be taken seriously.”

6. The Creative Genius: Far above the millions that come and pass away tower the pioneers, the men whose deeds and ideas cut out new paths for mankind. For the pioneering genius¹² to create is the essence of life. To live means for him to create. The activities of these prodigious men cannot be fully subsumed under the praxeological concept of labor. They are not labor because they are for the genius not means, but ends in themselves. He lives in creating and inventing. For him there is not leisure, only intermissions of temporary sterility and frustration. His incentive is not the desire to bring about a result, but the act of producing it. The accomplishment gratifies him neither mediately nor immediately. It does not gratify him mediately because his fellow men at best are unconcerned about it, more often even greet it with taunts, sneers, and persecution. Many a genius could have used his gifts to render his life agreeable and joyful; he did not even consider such a possibility and chose the thorny path without hesitation. The genius wants to accomplish what he considers his mission, even if he knows that he moves toward his own disaster. Neither does the genius derive immediate gratification from his creative activities. Creating is for him agony and torment, a ceaseless excruciating struggle against internal and external obstacles; it consumes and crushes him.

¹²Leaders [Fürhrers] are not pioneers. They guide people along the tracks pioneers have laid. The pioneer clears a road through land hitherto inaccessible and may not care whether or not anybody wants to go the new way. The leader directs people toward the goal they want to reach.”

7. “Neither society nor single individuals can substantially further the genius and his work.”

8. “Men cannot improve the natural and social conditions which bring about the creator and his creation. It is impossible to rear geniuses by eugenics, to train them by schooling, or to organize their activities. But, of course, one can organize society in such a way that no room is left for pioneers and their path-breaking.”

9. “He who interprets might as physical or ‘real’ power to carry on and considers violent action as the very foundation of government, sees conditions from the narrow point of view of subordinate officers in charge of sections of an army or police force. To these subordinates a definite task within the framework of the ruling ideology is assigned. Their chiefs commit to their care troops which are not only equipped, armed, and organized for combat, but no less imbued with the spirit which makes them obey the orders issued. The commanders of such subdivisions consider this moral factor a matter of course because they themselves are animated by the same spirit and cannot even imagine a different ideology. The power of an ideology consists precisely in the fact that people submit to it without any wavering and scruples.

However, things are different for the head of the government. He must aim at preservation of the morale of the armed forces and of the loyalty of the rest of the population. For these moral factors are the only ‘real’ elements upon which continuance of his mastery rests. His power dwindles if the ideology that supports it loses force.”

___________________________________________________________________________________________________

Logic.

Intelligence.

Insightful.

Economics.

Politics.

Mises.

Libertarianism and Capitalism.

Genius.