Podcasts about Praxeology

Kinsella on Liberty Podcast, Episode 476. Alex Anarcho has begun a narration of Against Intellectual Property, with interspersed commentary. (I appeared on his podcast previously; see KOL444 | Property Rights, Bitcoin, Ideas & Fungibility, with AlexAnarcho.) He has so far narrated the first two sections, the first of which, "Summary of IP Law," is in this episode. "Libertarian Perspectives on IP" follows in the next episode (KOKL477). I have posted a Youtube video containing both parts. Alex assures me that narrations with commentary of the remainder of the book are forthcoming. These can be found in his Against Intellectual Property series, which includes Part I, What is intellectual property? (this episode), and Part 2, Libertarian Perspectives on IP (KOKL477). Previous audio versions of AIP include KOL008 | Against Intellectual Property (audiobook) and KOL373 | Against Intellectual Property (audiobook #2). See other audio versions of my work here. Related: “The Problem with Intellectual Property" A Selection of my Best Articles and Speeches on IP The Overwhelming Empirical Case Against Patent and Copyright Defamation as a Type of Intellectual Property Transcript, with added comments and links, below. https://youtu.be/KmZ85ebk2SI Transcript (All endnotes and comments in [brackets] are my annotations. —SK) 0:04 Alex Anarcho: Hey, thanks for tuning in to the Alex Anarco podcast. In this episode and the episodes to follow, I will return to my roots, namely reading books from great libertarian philosophers. When I started the podcast, I was reading The Anatomy of the State by Rothbard, The Ethics of Liberty by Rothbard, What Has Government Done to Our Money by Rothbard, and The Virtue of Selfishness by Ayn Rand. Then I did a bunch of episodes that were not based on books, but where I was giving my thoughts and having conversations with other like-minded people. But now I think it's time to read yet another book. This book has been very influential in my own thinking about the libertarian philosophy and I think it's a must-read for all who call themselves libertarian or anarchists because it really covers an issue that has not gotten so much attention in the libertarian canon. There is a lot of thought that was spent on political philosophy such as The Ethics of Liberty by Murray Rothbard. But this book is kind of a hidden gem. So if you have never heard of it, I think it's a great read or for you I guess a great listen and something you definitely should be aware of. The arguments presented are very strong and they need to be grappled with. For me personally, it was very influential, like I said, and it has significantly changed how I view the world, most specifically the world of software. For anybody who has been aware of my podcast, I'm a very big fan of the cypherpunk ethos that aims to change the world through creating technologies that are unstoppable that allow individuals who use them to become sovereign. And I think yeah the backbone for all of this philosophy is also somewhat rooted in the arguments that are put forth in this book or at least they are heavily backed up by the arguments. So what is the book? The book is called Against Intellectual Property by Stephan Kinsella as you may have gleaned from the title of this podcast. And Stephan has actually been on this podcast before. I will link in the show notes the episode I did with him. And for a long time I've wanted to read this book to my audience and discuss the ideas put forth in it. So far I didn't get around to it and now I think is better than never. So we will read Against Intellectual Property. We will discuss the ideas and as with any of my episodes, if you want to chime into the conversation, you can go to my website, alexanarcho.live or if you want to reward me for making this content, you can go to xmrchat.com/alexanarco and leave a little tip with Monero XMR. It would be greatly appreciated. Also, if you helped fund this episode, then you are eligible to join a secret Discord, a secret Matrix society on the Matrix messenger. For this you have to go to my website and claim your transaction. And when claiming the transaction in the form, you simply provide your Matrix username and this will yeah the bot will send you an invite then to the group. Let's dive in Against Intellectual Property. AIP: Property rights: tangible and intangible. All libertarians favor property rights and agree that property rights include rights in tangible resources. These resources include immovable immovables (realty) such as land and houses, and movables such as chairs, clubs, cars, and clocks. 4:18 Alex Anarcho: So I think this is a brilliant distinction and the word tangible may be somewhat foreign but it means exactly what was described here. Basically in my mind it's things that you can touch. So I can walk up to a house and touch the house. I can walk up to a chair and touch the chair. And so things that exist in the real world. (( Note from Kinsella: See “Against Intellectual Property After Twenty Years: Looking Back and Looking Forward,” n.30: "In AIP I sometimes used the term “tangible” to indicate scarce resources that can be subject to property rights. (I've also sometimes used the term corporeal, a civil-law term.) Hardy Bouillon argues that it might be more precise to focus on the difference between material vs. non-material goods, rather than tangible vs. non-tangible goods, as the touchstone of things subject to property rights." )) And for those things, libertarian philosophy puts forth the idea of property rights that these tangible commodities, tangible goods can have a rightful owner. And yeah, I think this is something that we'll come back to every now and again that this is pretty a clear-cut issue and there is not a lot of discussion on this. Basically, from John Locke on the idea of being able to homestead land is very deeply interwoven in libertarian philosophy. AIP: Further, all libertarians support rights in one's own body. Such rights may be called self-ownership as long as one keeps in mind that there is dispute about whether such body-ownership is alienable in the same way that rights in homesteadable external objects are alienable. 5:48 Alex Anarcho: So alienable means you can kind of outsource them or give them away to somebody else. And I think what he's referring to here is the discussion that for example Walter Block and Murray Rothbard have had—I mean Rothbard has passed away—but the idea can you sell yourself into slavery and for this I will actually read the footnote which reads: AIP: Debate over this issue manifests itself in differences over the issue of inalienability and with respect to the law of contract, i.e., can we sell or alienate our bodies in the same manner that we can alienate title to homesteaded property? For arguments against body inalienability, see Stephan Kinsella, “A Theory of Contracts: Binding Promises, Title Transfers, and Inalienability.” So for example, as I understand it, Rothbard says that you cannot sell yourself into slavery. Like your will is inalienable and therefore you cannot like in perpetuity sell your will to your own body. And Walter Block is of a different opinion as I understand it and say well yes you can do that. (( A Libertarian Theory of Contract: Title Transfer, Binding Promises, and Inalienability, in  Legal Foundations of a Free Society [LFFS]; KOL442 | Together Strong Debate vs. Walter Block on Voluntary Slavery (Matthew Sands of Nations of Sanity). )) So there is some dispute in that regard but I guess the common ground is that we do agree that we own our own body. (( See How We Come To Own Ourselves, in LFFS. )) Yeah. So this is the most immediate thing that we have in the world. If we think back to in The Ethics of Liberty, Rothbard explains the scenario of Robinson Crusoe being stranded on his deserted island and the immediate reality he's faced with is the possession and property of his own body that like he can control his own body and he kind of also has to sustain his body in order to keep on living. AIP: In any event, libertarians universally hold that all tangible scarce resources—whether homesteadable or created, immovable or movable, or our very bodies—are subject to rightful control (or ownership) by specified individuals. 8:29 Alex Anarcho: Yeah. So, we'll not get lost in the discussion of can you sell yourself into slavery for this episode, but we'll just surf on the wave of agreement in libertarian circles that yes you can have these property rights in tangible scarce resources. And I think with texts like these is really really important to measure every word. So tangible means things you can touch and scarce means that there is a limited amount of them. (( But see, on scarcity meaning either "lack of abundance," on the one hand, or "not superabundant," on the other, On Property Rights in Superabundant Bananas and Property Rights as Normative Support for Possession; “Good Ideas is Pretty Scarce”; KOL337 | Join the Wasabikas Ep. 15.0: You Don't Own Bitcoin—Property Rights, Praxeology and the Foundations of Private Law, with Max Hillebrand; KOL176 | “Rethinking Intellectual Property: History, Theory, and Economics: Lecture 5: Property, Scarcity and Ideas; Examining Rights-Based Arguments for IP” (Mises Academy, 2011); Objectivists Hsieh and Perkins on IP and Pirating Music; “On Conflictability and Conflictable Resources.” )) And the whole idea of property rights is because of the scarcity aspect. If things were abundant and you could have like press a magic button and things would just appear out of thin air, property rights wouldn't really make a whole lot of sense. The purpose of property rights is to reduce conflict that we can have over these scarce resources. Namely, well, can I sleep in this particular bed or is that your bed to sleep in? So,

When studying praxeology, something as trivial as the recipe for chocolate cake can become a way to better teach us Austrian economics.Original article: https://mises.org/mises-wire/recipes-rothbard-what-chocolate-cake-can-teach-about-economics

When studying praxeology, something as trivial as the recipe for chocolate cake can become a way to better teach us Austrian economics.Original article: https://mises.org/mises-wire/recipes-rothbard-what-chocolate-cake-can-teach-about-economics

Mainstream economists claim that they can use econometric models to emulate human action and, thus, create an economic laboratory. These models, however, cannot tell us about cause-and-effect, which is vital to understanding praxeology and economic behavior.Original article: https://mises.org/mises-wire/can-econometric-models-fulfill-role-economic-laboratory

Mainstream economists claim that they can use econometric models to emulate human action and, thus, create an economic laboratory. These models, however, cannot tell us about cause-and-effect, which is vital to understanding praxeology and economic behavior.Original article: https://mises.org/mises-wire/can-econometric-models-fulfill-role-economic-laboratory

In examining the Austrian Regression Theorem of Money, Joshua Mawhorter takes on the Chartalist/MMT claim that government gives money its value. The Chartalist/MMT advocates lack a necessary cause-and-effect mechanism to prove their claims.Original article: https://mises.org/mises-wire/last-day-barter-and-questions-first-day-chartalism

In examining the Austrian Regression Theorem of Money, Joshua Mawhorter takes on the Chartalist/MMT claim that government gives money its value. The Chartalist/MMT advocates lack a necessary cause-and-effect mechanism to prove their claims.Original article: https://mises.org/mises-wire/last-day-barter-and-questions-first-day-chartalism

Modern psychology has been at odds with the praxeology of the Austrian School, as psychologists have tended to see humans as passive and reactive, while Austrians view human action as purposeful. Recent developments in the field might change that narrative.Original article: https://mises.org/mises-wire/how-psychology-catching-reality-human-action

Modern psychology has been at odds with the praxeology of the Austrian School, as psychologists have tended to see humans as passive and reactive, while Austrians view human action as purposeful. Recent developments in the field might change that narrative.Original article: https://mises.org/mises-wire/how-psychology-catching-reality-human-action

The biography of Hans F. Sennholz reads like a paradoxical novel—as if the protagonist had journeyed backward through the twentieth century.Original article: https://mises.org/power-market/silent-guardian-liberty-hans-f-sennholz-and-seed-mises-america

Is Austrian Economics compatible with modern sociology, which is presently dominated by collectivists? However, it is possible to apply praxeology to sociology analysis, and that is where one begins to approach this discipline in a manner that promotes liberty.Original article: https://mises.org/mises-wire/rethinking-sociology-mises-new-austro-libertarian-framework-understanding-society

The biography of Hans F. Sennholz reads like a paradoxical novel—as if the protagonist had journeyed backward through the twentieth century.Original article: https://mises.org/power-market/silent-guardian-liberty-hans-f-sennholz-and-seed-mises-america

Is Austrian Economics compatible with modern sociology, which is presently dominated by collectivists? However, it is possible to apply praxeology to sociology analysis, and that is where one begins to approach this discipline in a manner that promotes liberty.Original article: https://mises.org/mises-wire/rethinking-sociology-mises-new-austro-libertarian-framework-understanding-society

Austrian economics veers sharply from the economic mainstream over the use of mathematics and quantitative measures. Instead, Austrians build upon irrefutable premises based upon human action.Original article: https://mises.org/mises-wire/questionable-role-quantitative-methods-economics

"The word praxeology can be used in two different ways. One is for a science of human action, as developed by Ludwig von Mises and his successors, principally Murray Rothbard. And the other is for the deductive method used in the science of human action."Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

Austrian economics veers sharply from the economic mainstream over the use of mathematics and quantitative measures. Instead, Austrians build upon irrefutable premises based upon human action.Original article: https://mises.org/mises-wire/questionable-role-quantitative-methods-economics

Socialists despise individual liberty because they believe that allowing humans to make free choices supposedly leads to selfish and anti-social behavior. However, by denying individual choice, socialists are denying human action itself.Original article: https://mises.org/mises-wire/axiom-action-and-inescapability-liberty

Socialists despise individual liberty because they believe that allowing humans to make free choices supposedly leads to selfish and anti-social behavior. However, by denying individual choice, socialists are denying human action itself.Original article: https://mises.org/mises-wire/axiom-action-and-inescapability-liberty

Both many Pro-Natalists as well as their critics have a Malthusian view of the world in which humans seem to be impervious to incentives and changing conditions. It is time for praxeologists to speak up.Original article: https://mises.org/mises-wire/are-pro-natalists-real-malthusians

Both many Pro-Natalists as well as their critics have a Malthusian view of the world in which humans seem to be impervious to incentives and changing conditions. It is time for praxeologists to speak up.Original article: https://mises.org/mises-wire/are-pro-natalists-real-malthusians

While we often speak of measurements of inflation (such as "inflation went up by three percent"), in reality, one cannot accurately measure it, given official measurements consist of arbitrary weighted averages. It is better to see inflation as qualitative, not quantitative.Original article: https://mises.org/mises-wire/fallacy-measuring-inflation

While we often speak of measurements of inflation (such as "inflation went up by three percent"), in reality, one cannot accurately measure it, given official measurements consist of arbitrary weighted averages. It is better to see inflation as qualitative, not quantitative.Original article: https://mises.org/mises-wire/fallacy-measuring-inflation

A central belief of collectivists is that people think collectively, too. Whether one is a member of a class, religious group, or ethnic group, collectivism holds that each group has distinct interests that determine how individuals in the group think. Mises would have disagreed.Original article: https://mises.org/mises-wire/mythology-methodological-collectivism

A central belief of collectivists is that people think collectively, too. Whether one is a member of a class, religious group, or ethnic group, collectivism holds that each group has distinct interests that determine how individuals in the group think. Mises would have disagreed.Original article: https://mises.org/mises-wire/mythology-methodological-collectivism

Speaking at the recent Rothbard Graduate Seminar, Dr. Joseph Salerno traces Murray Rothbard‘s intellectual development while in the economics Ph.D. program at Columbia University. Rothbard was dissatisfied with the popular schools of thought until he discovered Austrian economics.Original article: https://mises.org/mises-wire/young-rothbard-uncomfortable-neoclassical-economist

Speaking at the recent Rothbard Graduate Seminar, Dr. Joseph Salerno traces Murray Rothbard‘s intellectual development while in the economics Ph.D. program at Columbia University. Rothbard was dissatisfied with the popular schools of thought until he discovered Austrian economics.Original article: https://mises.org/mises-wire/young-rothbard-uncomfortable-neoclassical-economist

This summer, Hollywood is celebrating the 50th anniversary of its summer blockbuster “Jaws.” The making of such films provides a good analysis of how entrepreneurs operate in a world of uncertainty. Austrian economists are best able to understand how this process works.Original article: https://mises.org/mises-wire/entrepreneur-and-summer-blockbuster

This summer, Hollywood is celebrating the 50th anniversary of its summer blockbuster “Jaws.” The making of such films provides a good analysis of how entrepreneurs operate in a world of uncertainty. Austrian economists are best able to understand how this process works.Original article: https://mises.org/mises-wire/entrepreneur-and-summer-blockbuster

Mainstream economics is deterministic, holding that economic actors continue to move in one directions, not responding to changes in economic circumstances or incentives. The Austrians understand economics is about people engaged in purposeful action.Original article: https://mises.org/mises-wire/purpose-production-and-economy-criticism-pronatalist-economics

Mainstream economics is deterministic, holding that economic actors continue to move in one directions, not responding to changes in economic circumstances or incentives. The Austrians understand economics is about people engaged in purposeful action.Original article: https://mises.org/mises-wire/purpose-production-and-economy-criticism-pronatalist-economics

Mentor Sessions Ep.015: Bitcoin, Freedom, and the Illusion of ValueIs Bitcoin just a shared hallucination, or the ultimate tool to dismantle the fiat matrix? In this explosive episode of Mentor Sessions, we dive deep with Knut Svanholm, Bitcoin philosopher and author of Everything Divided by 21 Million and Praxeology: The Invisible Hand That Feeds You. Knut tackles the toughest FUD—Is Bitcoin's value subjective? Can it survive a government crackdown? Who will build the roads in a Bitcoin future? From debunking myths to exploring how Bitcoin rewires our minds for freedom, this conversation will arm you with the logic to orange-pill your friends and escape the system. Hit play and rethink money, power, and hope in 2025!Chapters: • 00:00:00 - IntroductionGet ready for a mind-bending discussion with Knut Svanholm on Bitcoin's power to reveal truth. • 00:02:06:19 - Is Bitcoin's Value a Collective Hallucination?Knut dismantles the myth of intrinsic value and explains why Bitcoin's worth is subjective. • 00:03:36:23 - Why “Store of Value” MisleadsKnut challenges the term “store of value” and redefines Bitcoin as a medium of exchange over time and space. • 00:06:30:08 - Bitcoin's Singular Purpose: Money, Not MoreWhy adding use cases like NFTs harms Bitcoin's role as sound money. • 00:09:12:19 - The Great Lie of Stable PricesKnut explains why prices should naturally fall and how Bitcoin exposes fiat illusions. • 00:11:36:09 - Can Bitcoin Survive Government Capture?Knut on why nodes, not miners, hold the power and how Bitcoin resists control. • 00:14:46:01 - Bitcoin's Antifragile DesignHow Bitcoin's decentralized chaos makes it stronger against attacks. • 00:20:14:16 - Who Will Build the Roads?Knut tackles the classic libertarian question with insights from his updated Praxeology book. • 00:33:19:09 - Bitcoin vs. Coercion: Ending TaxationHow sound money reduces incentives for violence and empowers voluntary systems. • 00:42:20:23 - The Shawshank Redemption of BitcoinKnut's powerful analogy on hope, freedom, and escaping the fiat prison. • 00:52:33:05 - New Chapters in PraxeologyKnut discusses new additions to his book, covering natural law and punishment. • 01:00:07:03 - Knut's Bitcoin Infinity AcademyLearn about Knut's project to share his books for free and educate Bitcoiners worldwide.About Knut Svanholm• Website: bitcoin-infinity.com • Twitter: @knutsvanholm • Bitcoin Infinity Academy: geyser.fund/projects/infinityFREE Bitcoin Book Giveaway: New to Bitcoin? Get Magic Internet Money by Jesse Berger FREE! Click here: bitcoinmentororange.com/magic-internet-money BOOK Private Sessions with Bitcoin Mentor: Master self-custody, hardware, multisig, Lightning, privacy, and more. Visit bitcoinmentor.ioFITSCRIPT is built by Bitcoiners for high performing men who want sovereignty over their health. Visit https://qrco.de/bfzjmaSubscribe to Mentor Sessions, Don't miss out!Follow Us: • BTC Sessions: @BTCsessions • Nathan: @theBTCmentor • Knut: @knutsvanholm • Bitcoin Infinity Show: bitcoin-infinity.comLoved this episode? Smash the like button, share with your Bitcoin crew, and subscribe for more! Check out our previous episode with Gary Cardone on wealth-building and Bitcoin mining: https://youtu.be/PHYfdjoZh6I #Bitcoin #BitcoinPhilosophy #Praxeology #AustrianEconomics #BitcoinEducation #KnutSvanholm #FinancialFreedom #MentorSessions #SoundMoney #Libertarian #BitcoinInfinity #SelfCustody #MentorSessions #Freedom #Podcast #Crypto #Cryptocurrency

Mainstream economists define inflation as the increase in an imaginary “price level” that is relatively neutral in its effects. Austrian economists, however, know better, as they realize that the effects of inflating the money supply are anything but neutral.Original article: Inflation: Looking Beyond Aggregates

Mainstream economists define inflation as the increase in an imaginary “price level” that is relatively neutral in its effects. Austrian economists, however, know better, as they realize that the effects of inflating the money supply are anything but neutral.Original article: Inflation: Looking Beyond Aggregates

One important difference between the Austrian and other schools of thought is the emphasis Austrians place upon purposeful human behavior. Consumption by individuals is not random, but rather purposeful action driven by subjective individual preferences.Original article: Subjective Valuation Versus Arbitrary Valuation

It should be clear from the articles in this book that the Austrian School is thriving. Per Bylund has rendered a great service in bringing the scholarship in A Modern Guide to Austrian Economics to our attention.Original article: New Austrian Insights

In this thought-provoking episode, we're joined by Max Hillebrand, an advocate for Bitcoin and Austrian economics. Together, we dive into the foundational principles of Praxeology, examining human action and decision-making. From there, we explore economics as a science, emphasizing the social nature of human beings and their interaction within markets.The conversation takes a critical turn as we discuss government, taxes, and the concept of theft, providing a unique perspective on state authority and individual sovereignty. Max also shares his insights on psychology and empiricism, bridging the gap between human behavior and logical deduction.We then tackle the age-old question: What is money? Our deep dive compares fiat currency, gold, and Bitcoin, highlighting the benefits of sound money and the flaws in current monetary systems. Finally, we focus on a topic central to Max's philosophy: privacy. From financial freedom to private personal property and security, we discuss why privacy matters and how it can be preserved in the digital age.We hope you enjoy the episode!Keep up with me (socials)https://www.instagram.com/beyond.terrain/https://linktr.ee/beyondterrainOur vision at Beyond Terrain is best supported by sharing our work!To go above and beyond:BCH: bitcoincash:qq7eq276ylanluc5e39unrqshkvs9xsemg07yxezf7ETH: beyondterrain.ethBTC: bc1qqwc470ktgj3l4myqxr5hq67rnlqys0qm98u6f0Learn more from and support our esteemed guest, Mr. Max Hillebrandhttps://pay.towardsliberty.com/apps/213Mf5Nf92sRka8M2GZx3gyK4qZu/pos

Modern academic economics is based upon the methodologies used to study the natural sciences. However, such methodologies are inappropriate to study economics, which must be based upon causal-realism.Original article: The Relevance of the Natural Sciences Methods in Economics

Modern academic economics is based upon the methodologies used to study the natural sciences. However, such methodologies are inappropriate to study economics, which must be based upon causal-realism.Original article: The Relevance of the Natural Sciences Methods in Economics

In 1997, Bryan Caplan wrote an essay explaining why he was no longer a self-described Austrian. Recently, a reader asked him to comment on that essay. Bob reacts to Bryan's current views, arguing that the history of economic thought is indeed important, and the Misesian approach to praxeology is crucial.Bryan Caplan's Recent Article: Mises.org/HAP476aBryan Caplan's "Why I Am Not an Austrian Economist": Mises.org/HAP476bHoppe's Economic Science and the Austrian Method: Mises.org/HAP476cBob's Cambridge University Press Article on Böhm-Bawerk's Critiques: Mises.org/HAP476dA Modern Guide to Austrian Economics: Mises.org/HAP476eBob and David Freidman, "The Chicago Vs. Austrian School Debate": Mises.org/HAP476fThe Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree

In 1997, Bryan Caplan wrote an essay explaining why he was no longer a self-described Austrian. Recently, a reader asked him to comment on that essay. Bob reacts to Bryan's current views, arguing that the history of economic thought is indeed important, and the Misesian approach to praxeology is crucial.Bryan Caplan's Recent Article: Mises.org/HAP476aBryan Caplan's "Why I Am Not an Austrian Economist": Mises.org/HAP476bHoppe's Economic Science and the Austrian Method: Mises.org/HAP476cBob's Cambridge University Press Article on Böhm-Bawerk's Critiques: Mises.org/HAP476dA Modern Guide to Austrian Economics: Mises.org/HAP476eBob and David Freidman, "The Chicago Vs. Austrian School Debate": Mises.org/HAP476fThe Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree

One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their preferences, valuing some things more than others. While this seems to be a common-sense principle, it actually has important implications for economic theory.Original article: Why People Pay Higher Prices for Some Goods Relative to Others

There are numerous critics of the Austrian School of economics, but when their disparagements are closely examined, the so-called experts themselves are wrong. Austrians can do a better job of setting the record straight.Original article: Answering the Confused Critics of Austrian Economics

There are numerous critics of the Austrian School of economics, but when their disparagements are closely examined, the so-called experts themselves are wrong. Austrians can do a better job of setting the record straight.Original article: Answering the Confused Critics of Austrian Economics

One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their preferences, valuing some things more than others. While this seems to be a common-sense principle, it actually has important implications for economic theory.Original article: Why People Pay Higher Prices for Some Goods Relative to Others

Central to the paradigm of Austrian Economics is the action axiom. People act, and they act purposefully. That knowledge alone permits us to construct an entire set of theories that explains economic life.Original article: Understanding the Action Axiom: How It Shapes the Structure of Society

Central to the paradigm of Austrian Economics is the action axiom. People act, and they act purposefully. That knowledge alone permits us to construct an entire set of theories that explains economic life.Original article: Understanding the Action Axiom: How It Shapes the Structure of Society

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How do we guard against misinformation when business firms join with government to promote things that simply are false? As Murray Rothbard noted, people still have reason and the free will to make decisions for themselves.Original article: Praxeology and Robert Malone's “Surveillance Capitalism”

Modern egalitarians play down the idea of free will, claiming that free will is relevant only if individuals have no interference with their choices. Murray Rothbard, on the other hand, recognized that self-ownership and one's ability to engage in reason is enough to recognize free will.Original article: Rothbard on Liberty and Free Will

Modern mainstream economics bases its theories on utilitarianism. Murray Rothbard, on the other hand, saw economic law as based in natural law. Furthermore, he rejected the legal positivism of our age, again deferring to the law of nature.Original article: Natural Law and Rothbardian Liberty