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Governments separate citizens into different sets; those with and those without political power. It is necessary for any government to be such that the set of those without political power must be significantly larger than those that have political power. Political power is measure simply by either having...
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If we consider an economy based upon a commodity money like gold the combinatorics are such that price stability will occur first soon followed by a gentle deflation as the inevitable productivity increases are brough to bear via modern technology. This and this alone has been the savior of all people...
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This entry ties all the previous post on this subject together, it is rather long and wordy for a blog but the diligent reader will get sa feel for the argument I am making here. If this can be understood the exact mathematical representation will be much easier to understand. Occam's razor says...
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Human beings use action to implement a perceived extremal solution for possible outcomes. At the heart all of us want to maximize our profit and minmize the costs required for the same. Entrepeneurs, corporation and politicians all apply the same logic: minimum in, maximum out. Unfortunately their are...
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Austrian Economics is all about property rights and individual liberty. While these concepts are clear in the mind of any devotee of Ludwig Von Mises work they have been more difficult quantify in a rigorous mathematical sense. The model being developed in this blog will make an easy to understand yet...
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Equality as a state of existence has been much sought after. We seek equal pay, equal protection before the law, equality of opportunity, equality between the races and equality among nations. Keynesian Economists use equations to justify under the facade of science a foregone conclusion: socialism brought...
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In a previous age market transactions were made by exchanging goods between producers. The cobbler gave the baker shoes and in return received bread. The division of labor allowed those to produce what they were best at, and in this division of labor everyone profited even if they did not know that they...
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Albert Einstein is widely regarded as the twentieth centuries greatest genius. I would like to posit that this is not true but that title really belongs Richard Phillips Feynman. Dr. Feynman was certainly a curious character. He did not like quantum mechanics and said "No one understands Quantum...
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Human Action is implemented by actors behaving as their desires drive them. As Ludwig Von Mises said human desire can never be the subject of quantitative mathematics. I propose to say that Human Action can be modeled quite accurately using a branch of mathematics called Combinatorics . Those of us that...
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Man is an animal and can move around as he sees fit. Animals can follow their objects of desire whereas plants have to just sit and hope the environment supplies what is required. A man can follow whatever path he chooses in order to secure objects of desire. Primitive man would walk to the stream to...
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In the previous posting I discussed the basic operations of the action of a subsistence human culture. Since we are considering the ramificiations of Human Action we will ignore other species. While it can be argued that other species show some of the behavior (eg squirrels store nuts for their own future...
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I have written many postings on Lew Rockwell's excellent Pro-Freedom Pro-Market Anti-State web site. Most of these have dealt with items that I felt strongly enough to write about and that I felt were relevant to the current political debate. One of these was entitled Fear and Loathing on the Campaign...
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History has shown that dogma is most strident as it is on the verge of overthrow. The history of science is a prime example of this assertion. Near the end of the 19th century many physicists lamented the end of physics. A generation later Relativity and Quantum Theory rewrote all the dogma. By the end...