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- Search found 10 items for:
- Austrian Economics Overview
- Robert P. Murphy
- 2007
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
[This Study Guide to Human Action , Chapter III is also available in PDF .] “ECONOMICS AND THE REVOLT AGAINST REASON Reason is the primary tool for acting man. The modern revolt against reason was not due to exaggerated claims by the rationalist philosophers. What really happened was that the socialist opponents of the classical economists could
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
[This Study Guide to Human Action , Chapter II is also available in PDF .] CHAPTER II. THE EPISTEMOLOGICAL PROBLEMS OF THE SCIENCES OF HUMAN ACTION CHAPTER SUMMARY 1. Praxeology and History Praxeology and history are the two main branches of the sciences of human action. History is the collection and systematic arrangement of all data of
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
[This Study Guide to Human Action , Chapter VI is also available in PDF .] CHAPTER VI. UNCERTAINTY CHAPTER SUMMARY 1. Uncertainty and Acting Action implies uncertainty of the future. If the future were known, there would be no impetus to action. The praxeologist can recognize this truth without taking a stand on the philosophical question of
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
CHAPTER IV. A FIRST ANALYSIS OF THE CATEGORY OF ACTION CHAPTER SUMMARY 1. Ends and Means The end (or goal or aim) is the result sought by an actor. The means is whatever is used to attain the end. Ends and means do not exist in the physical universe, but rather are the product of a valuing mind as it surveys its physical environment. Praxeology
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
[This Study Guide to Human Action , Chapter VII is also available in PDF .] Chapter VII. Action Within the World Chapter Summary 1. The Law of Marginal Utility Acting man must place all ends onto a single scale of values. If he is to choose between (say) acquiring a steak or attending the opera, he must decide which outcome yields the most
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
[This Study Guide to Human Action , Chapter VIII is also available in PDF .] CHAPTER VIII. HUMAN SOCIETY Chapter Summary 1. Human Cooperation Society is the combination of individuals for cooperative effort. People collaborate — form social bonds — because they perceive the greater productivity afforded by the division of labor. This doesn’t mean
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
[This Study Guide to Human Action , Chapter XVIII is also available in PDF .] CHAPTER XVIII. ACTION IN THE PASSING OF TIME Chapter Summary 1. Perspective in the Valuation of Time Periods All action is directed toward an imagined improvement in future conditions, although some actions are intended to improve the very near future. People do not