Wednesday, October 6, 2021

The Economic Means Versus The Political Means


The great German sociologist Franz Oppenheimer (1864-1943) wrote in his masterpiece "The State" that there exists only two principal ways of acquiring wealth. The first way is to engage in production and to exchange that good for the product of another producer in a mutually beneficial trade. This is the way of production and exchange: The way of the free market. Oppenheimer called this method the "economic means" of obtaining wealth. 

Sunday, September 26, 2021

The Epistemological Foundation of Economic Science

One of, if not the most fundamental difference between the Austrian school and the mainstream neoclassical school is the difference of opinion with regard to the essential epistemological character of economic propositions. The Austrian position is that economic propositions constitute a priori knowledge; that is, knowledge derived, not from observational experience, but from a true axiom. Mises has poignantly articulated the Austrian position:

Friday, September 17, 2021

Ludwig von Mises, Libertarianism, and Traditionalism

My first article for the Mallard, Ludwig von Mises, Libertarianism, and Traditionalism, is now available online. In the article, I expound my thesis that Ludwig von Mises held views on cultural issues that would characterise his social thought as typical of traditionalist conservatism. 

Read it here:
https://mallarduk.com/ludwig-von-mises/