Compensatory Justice and the Problem of Knowledge
Published Sat, Jan 9 2010 3:02 AM | laminustacitus
The concept of coercing those who have indirectly benefited from either racism, or sexism to pay compensation to those who have been negatively effected is a ridiculous legal concept that holds tyrannical potential. However, not only is the program nigh...
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A Critique of Rawls: The Unknowable Social Order
Published Tue, Nov 3 2009 6:30 AM | laminustacitus
In A Theory of Justice , John Rawls elucidates a theory of justice that holds two basic principles of justice: 1. each individual is to have equal liberties in a scheme that enables the greatest amount of liberty without encroaching on those of others...
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Cultural Relativism, Ethical Positivism, and Human Reason
Published Thu, Sep 10 2009 4:31 AM | laminustacitus
The challenge of ethical relativism leaves mankind in doubt about the standards with which it can critique the ethics of a different society on account of the fact that the theory states that societies develop ethics in order to cope with both their physical...
Prices, and Production: Lecture III, Part VI
Published Tue, Sep 8 2009 1:49 AM | laminustacitus
At last, an answer to the question posed in the first lecture, that of how it comes about that the economy cannot utilizes all existing resource (which Hayek attests is “the central task of any theory of industrial fluctuations” 1 ), and without...
Prices, and Production: Lecture III, Part V
Published Fri, Sep 4 2009 2:04 AM | laminustacitus
It is now time to move from a case where credits are given to producers to where consumers are being given credits. Indeed, the general effects of an increase of money via consumers' credits, which will result in an increased relative demand for consumers'...
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Suggested Reading
Published Thu, Sep 3 2009 3:56 AM | laminustacitus
Suggested reading for the coming academic year: Theory, and History by Ludwig von Mises The Open Society, and Its Enemies by Karl R. Popper Objective Knowledge by Karl R. Popper Egypt, Greece, and Rome: Civilizations of the Ancient Mediterranean by Charles...
A Reflection on Aeneas Slaying Turnus
Published Tue, Sep 1 2009 8:23 PM | laminustacitus
“Turnus lowered his eyes and reached with his right hand and begged, a supplicant: “I deserve it all. No mercy, please,” Turnus pleaded. “Seize your moment now. Or if some care for a parent's grief can touch you still, I pray...
Prices, and Production: Lecture III, Part IV
Published Thu, Jul 9 2009 4:50 PM | laminustacitus
The importance that the adjustments of the price mechanism free of any external influences has in respect to a prospering economy is highlighted when we investigate the results of the “'natural' movement of prices” is disrupted by...
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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...
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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...
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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...
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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...
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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...
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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...
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