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IsaacIzzyMarmolejo wrote:I like his attention towards, risk, entrepreneurship, capital theory, and monetary policy which most modern economists simply ignore when explaining certain economic situations. on a philosophical scope, I like him because of his utilitarian approach.
Trevor Reznik wrote:Care to elaborate a bit about Mises here?
I have attended several lectures by Nicholai Voss. Have you read anything written by him? Namely the one about entreprenuership. I ask because the books are expensive.
Birthday Pony wrote:I'm curious as to whether your worldview extends outside of economics. If so, what else influences you? If not, why not?
IsaacIzzyMarmolejo wrote:Well I consider myself an economist before I consider anything else, and I like to view the majority of things from an economics point of view.
IsaacIzzyMarmolejo wrote:Birthday Pony wrote:I'm curious as to whether your worldview extends outside of economics. If so, what else influences you? If not, why not?
Well I consider myself an economist before I consider anything else, and I like to view the majority of things from an economics point of view. The reason being is that as a market anarchist, I believe it is best to explain market causation. I simply want to see a society that embraces competition through market means because I believe that competition is the best way to cure the distribution of wealth problem many are facing, for “It is not competition, but monopoly, that deprives labor of its product."- B.Tucker
Birthday Pony wrote:Anyway, be sure to get a good picture of Tucker. As much as I thing he was kind of silly, I don't think he was an economic reductionist.
Birthday Pony wrote:That the consensus amongst Austrian Economists tends to be-- or tends to put undue emphasis on the positions--that the poor are a pretty vile bunch, that those with the most money and power are self-made, and that the civil rights act is an example of government overstepping its boundaries are hardly what I think is a result of logical deduction and more a result of the social milieu in which Austrianism is popular.
RoyceChristian wrote:Anything that isn't an economics issue will usually become an economics issue or it is dealt with as if it were an economics issue.
IsaacIzzyMarmolejo wrote:I dont know if I agree with this. This is more of a political theory claim than economics one. Austrian Econ is value free in the sense that it just explains causation in the market place.
IsaacIzzyMarmolejo wrote:I see your point, but people at Mises forums recognize this. Of course, once economics establishes a law, say minimum wage increases unemployment, one then has to take the position in whether or not unemployment is worth sacrificing for a minimum wage, that is to say that the benefits of a minimum wage outweigh the unemployment brought about by the minimum wage, which is the value judgement, but the law itself, that minimum wage increases unemployment, is value free for that is what happens when minimum wage is applied in the marketplace.
IsaacIzzyMarmolejo wrote:RoyceChristian wrote:Anything that isn't an economics issue will usually become an economics issue or it is dealt with as if it were an economics issue.
do you have any specific examples on this?
Rothbard'sDisciple wrote:"I like child labour, for it teaches good work ethic and is conducive to employment. Only a statist would be anti-child labour. As Rothbard said: [insert excerpt from Rothbard canon to support argument]"
anarchocapitalist wrote:"did you know that a German company "buckled under pressure from activists", and laid off 50,000 child garment workers in Bangladesh. Oxfam did a study on those 50,000 workers, and found that thousands of them later turned to prostitution, crime, or starved to death. There are many other examples of closed sweatshop workers turning to prostitution. and also just plain dying."
"so we should abandon the children to international prostitution rings joe?"
Joe wrote:Some choice hey?If all you can offer a child in the third world is a choice between child prostitution and a sweat shop,they should thank their lucky little stars for the sweatshop.
RoyceChristian wrote:Self-identifying AnCaps are claiming that sweatshops and child labour are a good thing, purely on the economic benefit it gives. There is a complete failure to even comprehend how it may impact those brown-skinned poor people. As long as the Developed World is getting their mac laptops and ipads, Steve Jobs is a saint and Apple is Jesus Christ lifting their economy out of the mud. And if anyone in those sweatshops, or anyone speaking on behalf of those sweatshop employees, has the audacity to question the status quo, they are ungrateful and ignorant and must be taught their place.
The issue is treated as if it were solely one of economics and the conclusions drawn go no further beyond it, illustrated in the comments:
ctmummey wrote:but that is a good example of using austrianism to, on the the hand, make a value free/in a vacuum thing.
in fact i later had liberal professors give us readings where liberal professors professed the same thing.
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