Category Archives: Category: Praxeology

“Mises proposes the term “praxeology” (the logic of action) for the branch of knowledge exemplified by economics.”
– Praxeology and Economic Science [1]

“Praxeology is a framework for modeling human action. The term was coined and defined as “The science of human action” in 1890 by Alfred Espinas in the Revue Philosophique, but the most common use of the term is in connection with the work of Ludwig von Mises and the heterodox Austrian School of economics.”
– Praxeology [2]

— Notes —

[1] http://mises.org/esandtam/pes1.asp

[2] http://en.wikipedia.org/wiki/Praxeology

Capitalist

‘In a modern economy, in which many economic agents simultaneously perform different functions, we will use the term capitalist to denote that economic agent whose function is precisely to save; in other words, to consume less than he creates or produces and to make available to workers the resources they need to live for the

(An economic Ponzi scheme) – Evergrande Moment – ‘China Evergrande is not ‘too big to fail’, says Global Times editor’

‘There is now ample evidence of a marked Chinese Credit slowdown. It may not be a “Lehman Moment,” but it’s definitely an “Evergrande Moment.” And it’s difficult to envisage sufficient Credit growth to sustain China’s historic Credit and apartment Bubbles.’ – Doug Noland (Evergrande Moment – ‘China Evergrande is not ‘too big to fail’, says

‘The methodological ideas of the Austrian School evolved in parallel with the debate on socialist economic calculation, and criticism of positivist methodology is one of the most interesting by products of this debate.’

‘..Contrary to the assumptions of the “positivist” school, we do not consider empirical evidence alone sufficient to confirm or refute a scientific theory in the field of economics. We deliberately stated that we aim to study how historical events “illustrate” or “fit in with” the theoretical conclusions reached in our analysis, not to carry out

Prometheus .. the rebel against the tyrant .. the champion of man

‘Prometheus is, politically, the symbol of the rebel against the tyrant who has overthrown the traditional role of Justice and Law. He is the symbol of Knowledge against Force. He is symbolically the champion of man, raising him through the gift of intelligence, against the would-be destroyer of man.’ – David Grene (‘.. the symbol

(Story) – Opening the gates to the Garden of Eden

‘The essential message is, stop focusing on self and start thinking about service to others.’ – Barbara (daughter of Jack Bogle) Near future Cyc, near future. Mind communication with Cyc was immersive. The 2019-2040 time period please. All the time probes were actived, some where in the past, other in possible futures. Cyc, being in

Time preference

‘..The law of time preference is just another way of expressing the following essential principle: any actor, in the course of his action, tries to achieve the results of the action as soon as possible, and he is separated from his ends by a series of intermediate stages involving a certain time period. Hence time

‘..returning to psychology’s original meaning as the study (or revealing) of soul or spirit.’

‘..Western psychology often focuses on the individual person as a single, separate, extrinsically existing entity in relation to others. Transpersonal psychology challenges this assumption, effectively returning to psychology’s original meaning as the study (or revealing) of soul or spirit.’ – PSYC-8009 Transpersonal Foundations of Psychology ‘..it’s this—children are natural—many children have this capacity to be

Leaders

‘Leaders are only leaders if someone wants to actually follow them.’ – Terri Kelly (Source, Lecture) «esprit incarné» – ‘..It is impermissible to separate the “mental” or “spiritual” from the “material.”‘ ‘..psychology can never demonstrate the validity of a praxeological theorem. It may show that some people or many people let themselves be influenced by

Story – Raven I

‘..exchanges the status quo for an environment that he hopes will be more pleasant.’ – Robert P. Murphy, Lessons for the Young Economist, page 6 (Context) ‘The new trend which is introduced by the rise of plasma physics and space research is to some extent opposite. In these fields quantum mechanics and the theory of