June 2009 - Posts

Thoughts on Popper's Theory of All Life as Problem Solving
Published Mon, Jun 29 2009 6:05 PM | laminustacitus
When I first heard of Karl Popper's book All Life as Problem Solving , I though that he would show how all the experiences humanity faces during life can be boiled down to instances of problem solving, but as I have become more intimate with his thought...
Prices, and Production: Lecture III, Part III
Published Sun, Jun 28 2009 8:28 PM | laminustacitus
The initial changes in the relative prices between producers' goods, and consumers' goods, resulting from a change in their relative demands, cause a movement of goods to other stages of production – a definite price relationship will only...
Prices, and Production: Lecture III, Part II
Published Fri, Jun 26 2009 3:43 AM | laminustacitus
Once again, as done in previous lectures, we shall analyze the results of a scenario where consumers decide to save, and accordingly invest a larger portion of their income than before; however, here we shall see the effects the price of goods will have...
Prices, and Production: Lecture III, Part I
Published Wed, Jun 10 2009 4:56 PM | laminustacitus
At this point it is necessary to introduce a distinction between producers' goods that can be used in many, if not all, stages of production, and those that can be used in one, at most a few, stages of production. To the first class belong almost...
The Action-Axiom: A Kantian Understanding of the Action-Axiom, and Its Praxeological Conclusions
Published Tue, Jun 9 2009 7:09 PM | laminustacitus
The synthetic a priori judgment can guide our comprehension of the action-axiom, and similarly can do so for our comprehension of the entire structure of praxeology, more specifically its advantages over empirical techniques. The synthetic a priori is...
Kant's Analytic-Synthetic Dichotomy
Published Mon, Jun 8 2009 5:59 PM | laminustacitus
In his Critique of Pure Reason , Immanuel Kant defines a synthetic judgments as one in which the predicate “B lies outside of the concept A, though connected with it,” as opposed to analytic ones in which “the predicate B belongs to...
The Action-Axiom: Introduction
Published Mon, Jun 8 2009 4:08 AM | laminustacitus
The action-axiom is the basis of all praxeology, and it is the basic proposition that all specimens of the species homo sapiens, the homo agens, purposefully utilize means over a period of time in order to achieved desired ends. In Human Action , Mises...
Prices, and Production: Lecture II, Part IV
Published Sat, Jun 6 2009 8:33 PM | laminustacitus
At last we are ready to begin the main problem of this lecture, that is the problem of how a transition to a more capitalistic structure of production, or vice versa, is brought about, and what are the conditions that must be fulfilled for a new equilibrium...
Prices, and Production: Lecture II, Part III
Published Fri, Jun 5 2009 1:15 AM | laminustacitus
It is now time to add the flow of money into Hayek's theoretical apparatus. While the Hayekian triangle is used to illustrate the movement of goods through the economy's structure of production, it is just as legitimately utilized as a schematic...
Prices and Production: Lecture II, Part II
Published Mon, Jun 1 2009 4:03 AM | laminustacitus
The most essential feature of the capitalist system of production, as stated in the prior entry, is the fact that at any moment a larger quantity of the original means of production is being employed for the satisfaction of a future time. The raison d'...