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"I have misgivings about the term. "Spontaneous" can mean "impulsive" (as in "he spontaneously started dancing"), which is obviously unsuitable. In biology, it means "involuntary", which also obviously doesn't apply to human action. I suppose "without external cause" (as in "spontaneous
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"If a theory says that to become Y, something must be X first, then a definition of X that includes everything is useless, because it gives no distinction between X and not X. Assuming the theory was correct and showing that only some things can become Y, that definition of X is clearly not what the theory was using." I thought it was clear
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Minarchist: "For some, the goal is a competitive legal system, i.e. any competitive legal system. For others, the goal is a competitive legal system operating on a very specific legal code. You could argue that the two are indistinguishable, but only if you believe that this very specific legal code will inevitably emerge from any given competitive
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By the way, regarding the regression theorem, I think it is important to recognize that Mises presents it as a praxeological law: "All these statements implied in the regression theorem are enounced apodictically as implied in the apriorism of praxeology. It must happen this way. Nobody can ever succeed in constructing a hypothetical case in which
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Nice post AJ I remember back in 1994/1995 when the Internet was first emerging as a commercial vehicle. I was advised that the Internet wasn't applicable to the brick & mortar business I was engaged in. That same business is conducted 100% over the Internet today. I also remember when Amazon still had not made a profit and many wondered whether
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Michael: You write: A. I can demonstrate that a free market money exists which has absolutely no other use other than to act as a money. B. The market has deemed this good to have value in-and-of-itself. C. The market has determined prices for this good without the good having to be valued in some other capacity, other than to be a money. I see several
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"I know Mises' theory of action is pretty scare compared to non-economist philosophers, but I would like to see a response to it somewhere in the academic philosophy world. Does anyone know of a philosophical critique of Mises?" From Rothbard's The Ethics of Liberty : C. Ludwig von Mises and “Value-Free” Laissez Faire 13
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Maybe start here: http://radgeek.com/gt/2008/10/03/libertarianism_through/
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Mises: "However, the right of self-determination of which we speak is not the right of self-determination of nations, but rather the right of self-determination of the inhabitants of every territory large enough to form an independent administrative unit. If it were in any way possible to grant this right of self-determination to every individual
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By devaluing, Bernanke is slowly lowering the height of “real” wages, and thus he is fulfilling his mandate to promote greater employment by lowering the cost of labor. Employers economy-wide can increase the price of the products they sell in real time, while any wage increases will lag well behind commodity price increases. As it stands