#Human Action

[lunaprincipessa]

ENTRY 328

Shareef's Entry

"ALL human actions have one or more causes...

CHANCE

A possibility of something happening.

NATURE

The basic features of someone/something.

COMPULSION

The irresistible urge to do a certain thing.

HABIT

A tendency that's usually hard to give up.

REASON

An explanation or a justification.

PASSION

A strong and barely controllable emotion.

DESIRE

A strong want or wish.

Thanks for reading, more thoughts later.

[dibelonious]

State capitalism/Social democracy failing again.

[groupstudying]

HOW ETHICAL DILEMMAS DO CONFLICT OF INTEREST PRESENT

HOW ETHICAL DILEMMAS DO CONFLICT OF INTEREST PRESENT

PREFACE  Conflict of interest is a common issue in the workplace. Most of us have heard someone say, “It’s who you know, not what you know.” We have heard co-workers complain that a manager’s relative always gets the biggest raise or the best assignment. We might have seen colleagues accept gifts from potential vendors. Maybe a co-worker leaves work 20 minutes early every day so she can get to…

[conza]

"Following in the wake of Kant’s analyses, philosophers raised the question: How can the human mind, by aprioristic thinking, deal with the reality of the external world? As far as praxeology is concerned, the answer is obvious. Both, a priori thinking and reasoning on the one hand and human action on the other, are manifestations of the human mind. The logical structure of the human mind creates the reality of action. Reason and action are congeneric and homogeneous, two aspects of the same phenomenon ." — Ludwig von Mises, The Ultimate Foundation of Economic Science, p. 37

[quotationsworld]

We live in a world where we have to hide to make love, while violence is practiced in broad daylight.

— John Lennon

[beinglibertarian]

Praxeology: The Nature of Economics

The science of human action, better known as praxeology, is of a different character than the physical sciences. It is our best explanation of how creative objects such as people act in the world, and of what we can logically deduce from a few simple axioms. While physical theories, such as Einstein’s theory of relativity, can in principle be shown to be false by an appropriate experiment, the…

[thelaunchpadmedia]

The Truman Show - The Last Nighters - Episode 66

The Truman Show – The Last Nighters – Episode 66

https://JRLP.podbean.com/mf/play/izjqdy/LN66-Truman_Show.mp3

We pop into biosphere II in the Dark-City dome from the Hunger Games to battle it out with the socialist, Jim Carrey, as we discuss his 1998 film “The Truman Show” directed by Peter Weir.

The movie is all about a utopian central-planner playing the role of a god (or a government for that matter) in the life of an unwitting subject of…

[liberty1776]

It should be easy now to see that the root cause of many severe defects in social matters can be directly or indirectly traced back to central banking. There should not, actually cannot, be any presumption of innocence as far as central banking is concerned.

As a final point, let us address the issue of “speculative bubbles” in financial markets. Of course, prices sometimes overshoot or undershoot, inflate and then deflate, as investors try to bring a financial assets’ price in line with its estimated value.

Fear and greed, panic and optimism, stupidity and wisdom, all play a role in forming financial asset prices — as people are what they are. However, it is central banking that drives peoples’ dispositions and actions to extremes.

By pushing down the market interest rate below its natural level — which becomes chronic if and when the money supply is increased through bank credit expansion not backed by real savings —, central banks inevitably coax investors into becoming overly high-spirited.

In that sense, central banks are to be held responsible for aggravating, or even inducing, speculative bubbles. To make it even worse: Once the speculative bubble pops, people become dispirited. They blame the free market or capitalism for their plight.

In that sense, central banks are to be held responsible for aggravating, or even inducing, speculative bubbles. To make it even worse: Once the speculative bubble pops, people become dispirited. They blame the free market or capitalism for their plight.

They do not see — often misguided by mainstream economics — that the root cause of the trouble is central banks’ downward manipulation of market interest rates in the first place, which is made possible by central banks running an unbacked paper money system.

To conclude: The indisputable insight that central banking brings about a “Revaluation of all Values”, which is neither in the economic interest of the people nor ethically justifiable, should encourage efforts to put an end to central banking.

Any such effort must propagate the intellectual insight that central banking is very harmful to the society, and it also requires truly bold and determined action, for “We know that no one ever seizes power with the intention of relinquishing it,” as George Orwell put it.1

[groupstudying]

CHALLENGES OF CORRUPTION

WHAT IS CORRUPTION? Corruption is dishonest behaviour by those in positions of power, such as managers or government officials. Corruption can include giving or accepting bribes or inappropriate gifts, double-dealing, under-the-table transactions, manipulating elections, diverting funds, laundering money, and defrauding investors Corruption erodes trust, weakens democracy, hampers economic…

[freedomisunderrated]

The individual lives and acts within society. But society is nothing but the combination of individuals for cooperative effort. It exists nowhere else than in the actions of individual men. It is a delusion to search for it outside the actions of individuals. To speak of a society's autonomous and independent existence, of its life, its soul, and its actions is a metaphor which can easily lead to crass errors.

Ludwig Von Mises, Human Action

[conza]

Economics: philosophy of human life

Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy of human life and action and concerns everybody and everything. It is the pith of civilization and of man’s human existence… In such vital matters blind reliance upon “experts” and uncritical acceptance of popular catchwords and prejudices is tantamount to the abandonment of self-determination and to yielding to other people’s domination. 

As conditions are today, nothing can be more important to every intelligent man than economics… Whether we like it or not, it is a fact that economics cannot remain an esoteric branch of knowledge accessible only to small groups of scholars and specialists. Economics deals with society’s fundamental problems; it concerns everyone and belongs to all. It is the main and proper study of every citizen.

         — Ludwig von Mises, Human Action, pp. 874-875

[apensivelady]

This is an old piece, but still worth sharing.

[mountain-west-individualist]

...The favor of the masses and of the writers and politicians eager for applause goes to inflation. With regard to these endeavors we must emphasize three points. First: Inflationary or expansionist policy must result in over consumption on the one hand and in malinvestment on the other. It thus squanders capital and impairs the future state of want-satisfaction. Second: The inflationary process does not remove the necessity of adjusting production and reallocating resources. It merely postpones it and thereby makes it more troublesome. Third: Inflation cannot be employed as a permanent policy because it  must, when  continued,  finally  result  in  a  breakdown  of  the  monetary system

Ludwig Von Mises, Human Action

[the-ghost-of-potential]

Stoked to start reading this behemoth

[spacetraum]

[groupstudying]

SOCIAL CONTRACT THEORY

Another descriptive theory regarding society and the relationship between rules and regulations, as well as why society needs them, is the social contract theory. A society without rules and regulations to guide human behaviour, according to Thomas Hobbes (1588-1689), would be a terrible place to live. A society without rules, according to Hobbes, is living in a “state of nature.” People would…