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A slightly different way of looking at these four examples (2 types of poker, seismology, meteorology) is that from the point of view of methodological individualism (from the point of view of a given individual actor), each of the four will consist of two general or primary categories: 1. A given content or set of assumptions from which formal implications
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This post continues a line of thought introduced by ToxicAssets on another thread (http://mises.org/community/forums/p/29440/514165.aspx#514165) The idea introduced was that of approaching interpersonal or political relationships with an "economic" or praxeological or "cost/benefits" analysis. TA wrote (emphasis added by AK): I think
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I think the major mistake both Friedman and Rothbard incur is that they downplay the costs of creating the whole framework of contracts that would be necessary in order to achieve their visions of anarchism. The reason why (political) violence exists is that it is an economic resource . Sometimes it is cheaper for one of the parts involved in a bargain