A Beginner’s Guide to Austrian Economics
From the article:
The “Austrian School” of economics grew out of the work of the late 19th and 20th century Vienna economists Carl Menger, Eugen von Bohm-Bawerk, Ludwig von Mises, and Friedrich Hayek (though of course Austrian School economists need not hail from Austria). Austrians focus strongly on the analysis of individual human action. This is known as praxeology, the study of the logical implications of the fact that individuals act with purpose, from which all economic theory can be deduced. Austrians also note the correlation between greater economic freedom and greater political and moral freedom. This in part explains why Austrian economics is the intellectual foundation for libertarianism. Austrians rightly attribute the repeated implosions of mainstream Keynesian economics to the latter’s focus on empirical observations, mathematical models, and statistical analysis.
The “Austrian School” of economics grew out of the work of the late 19th and 20th century Vienna economists Carl Menger, Eugen von Bohm-Bawerk, Ludwig von Mises, and Friedrich Hayek (though of course Austrian School economists need not hail from Austria). Austrians focus strongly on the analysis of individual human action. This is known as praxeology, the study of the logical implications of the fact that individuals act with purpose, from which all economic theory can be deduced. Austrians also note the correlation between greater economic freedom and greater political and moral freedom. This in part explains why Austrian economics is the intellectual foundation for libertarianism. Austrians rightly attribute the repeated implosions of mainstream Keynesian economics to the latter’s focus on empirical observations, mathematical models, and statistical analysis.
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But your proposed scenario (which I addressed) was a property dispute between friends, not someone squatting in your house or raping and pillaging. In the type of situation you initially raised, it could be handled much more efficiently by private insurance and arbitration services, as opposed to the current monopolistic police and court system.
When force is used against me, who exactly has the right to self defense - strangers representing the State, or me? Of course, it's me. If I own the right, shouldn't I have the right to either exercise or delegate it as I wish, rather than the State monopoly usurping my right?
The police and courts today will not protect us from assault, rape, or real property theft; the most they will do is sometimes find the guilty party and arrange some type of compensation long afterward (and sometimes not). If you think the police exist "to protect and serve," read about Joe Lozito bring stabbed by a serial killer while the police watched from safety, and then read about the Supreme Court decision that specifically said police have no duty to protect citizens.
A private police or security force could have all of the powers of the current State police, if we the customers wanted that. The difference would be that the private police would actually have specific contractual and moral justification as a person's chosen agent for self defense.
Some here are going to rail against it (particularly those who derive their livelihood from the current system), but it presents some interesting arguments.
Absolutely, Patents are part of natural rights. Natural Rights start with the fact that you own yourself and therefore you own those things you create. John Locke. Locke's ideas of Natural Rights were incorporated into US common law by Sir William Blackstones Commentaries on the Law. Blackstone is clear that both patents and copyrights are founded on this basis.
Government can't 'stop' someone from stealing my corn or my invention, but the Legal System can, out of consensus, create process and mechanism to punish someone (or some organization/corporation) who/which has been proven in a court of law to have broken Those Rules (established by Consensus)!
Are you hinting that copyright and patent laws spring from some sort of Natural Law?!
Interesting....
And as for your 'legal procedural' comment, do you recognize that most 'legal' decisions are rooted in 'moral arguments' on the self-same subjects?
As I've noted in my Laws and mentioned here many times, 'you can tell when someone has run out of logical arguments for their side of the discussion when they flip the issue into a "Moral" one.'
Same thing, if you can see it... And your point on corporate rights bears the same burden of proof... where is the "logic" of choosing '100 years' as the sunset time for corporate copyright? That's often called 'favorite number' effect. It is an arbitrary choice, though usually 'founded' on some kind of Consensus, which, in addition, is not == Truth.
And Happy New Year to All!
:)
Happy, healthy and prosperous New Year to you and db in any case.
If you wish to call privately paid arbiters and police "government," you are free to do so -- but there is a big difference. If you don't believe you have received valuable service from your private service provider, you can cancel your contract and choose another provider. You can't do that with government, and that monopoly leads to abuses of power, lack of accountability or innovation, and inefficiency. Hiring any type of private service is voluntary and respects the individual's rights, while funding the government is done by force.
To your last statement. copyrights vs patents. They are completely different standards. While I disagree how we changed our copyright laws, they were done in such a way to "harmonize" with the rest of the world. This is a concept I disagree with.
But thanks for your constructive criticism, knowledge and information-sharing and willingness to help educate me...
(---not)
Oh, wait... your comment was an abject ad hominum, wasn't it?
Thanks, and Happy New Year to you, too.
:)
A footnote at the following link quotes Ayn Rand as saying that perpetual IP would breed a class of parasites. http://wiki.mises.org/wiki/Intellectual_...
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