http://sfschoolofeconomics.com
I was at the Peter Schiff meeting in SFO Thanksgiving Weekend. The place was packed, standing room only. While he was giving his speech, I stumbled upon a flyer lying around promoting the San Francisco School of Economics (It had nothing to do with Schiff himself.)
What are your thoughts on this School of Economics? There seem to be some parallels with Austrian Economics, but not exactly. From my understanding, SF School of Economics has its roots with Henry George, a contemporary of Boem-Bawerk and Bastiat.
Assuming they're Georgists they would be wrong on the nature of land ownership and would probably advocate a single tax on land. This incorrect view of land ownership creates some problems. If they deny that man owns that which he mixes with his labor, they have some deeper problems on the theory of ownership. I don't know how well Georgists have explained their view of ownership, but leaving out land seems to be arbitrary without a good explanation and creates holes in their argument. Rothbard points out the absurdity of claiming that earth is owned equally by all people.
I think their basis may be George, but not exactly sure how much of George they follow. What intrigued me about this School was the Axioms and Laws, which are easily scannable on the right hand side of the website. Not that I agree with the Axioms, as the Austrians stick to one Axiom, that humans act.
Are there any other Schools of Economics, or schools of any other disciplines (besides Mathematics/Science), that utilize Axioms?
Schools of Economics that utilize Axioms (whether correct or incorrect): Austrian School, Axiomatic Economics, SFO School.
Schools of Economcis that do not (to my knowledge): Chicago, Keynesian, Neoclassical/Mainstream, "Socialist".
What are you defining an axiom as? The term has a variety of meanings depending in what connection you are using it.
Freedom of markets is positively correlated with the degree of evolution in any society...
The San Francisco School of Economics promotes the American political economy established with the U.S. Constitution. The U.S. Constitution is based on Anglo-Saxon principles of governance. Under Article IV of the Constitution, all states have a republican form of government based on the Anglo-Saxon shire system to enforce law, administer the use of lands, and collect taxes.
There is much in Henry George's writings which is based on Anglo-Saxon law and Anglo-Saxon principles with which the San Francisco School of Economics agrees.
'Axiomatic Economics' is not a 'school', it's one guy who trolls internet forums.
good luck with your new blog, Consumeriat. Seems from there you are a Keynesian. Thought you were a marxist.
My humble blog
It's easy to refute an argument if you first misrepresent it. William Keizer
Ingo,
Great looking site, What is the basis for your asserting that third axiom? I know plenty of people who don't hoard anything.
WEALTH: Any material thing with exchange value, the result of labor applied on or to land.
So only things to which labor has been applied has exchange value?
Is the exchange value proportional to the amount of labor used?
I think you should move "CONSUMPTION' to the definitions part of your page, not keep it in the laws of economics part.
Seems from there you are a Keynesian. Thought you were a marxist
Huh? Keynes believed economic science was based on a priori deduction.