#mespm — Public Fediverse posts

Today, March 2, marks the 100th anniversary of the birth of the great economist, historian, and political philosopher Murray N. Rothbard.
#birthday #rothbard #economics #history #mespm #austrianeconomics

"The present work (#mespm) deduces the entire corpus of economics from a few simple and apodictically true axioms: the Fundamental Axiom of action—that men employ means to achieve ends, and two subsidiary postulates: that there is a variety of human and natural resources, and that leisure is a consumers’ good."
#economics #rothbard #austrianeconomics #capitalism #science

How is a true economic theory created? Economics is based on a nature of a man. As Rothbard put it: "The present work deduces the entire corpus of economics from a few simple and apodictically true axioms: the Fundamental Axiom of action—that men employ means to achieve ends, and two subsidiary postulates: that there is a variety of human and natural resources, and that leisure is a consumers’ good."
https://mises.org/library/book/man-economy-and-state-power-and-market
#rothbard #education #economics #mespm

People refuse to understand that true capitalism, that is, a free market economy, is not what we have now, interventionism, that is, a distorted market economy. These systems have different characteristics, so one should not blame the former for the shortcomings of the latter. Read/listen to Rothbard, waste no time!
https://mises.org/library/book/man-economy-and-state-power-and-market
#rothbard #economics #mespm #capitalism #statism