The Foundation of Economics

The foundation of economics is property.  Man is not a puppet to his instincts.  He thinks, then acts to remove an uneasiness.  This is what makes him an individual.  It can be said that man is entirely free.  He has free will.  Don’t confuse freedom with power.  Every man is bound by the laws of nature.  It’s impossible to go outside of natural laws.  Actions are directed by ideas and knowledge, but all actions take place in the universe.

All utopias rest on ignoring the foundation of economics.  They want a reality different than the one we have.  The economist is hated because he tells these self-styled intellectuals that these utopias can’t be reached.  And because of this, economics is called the dismal science—of course, by statists.  They try to act as if they’re practical, but what they desire is a revolt against civilization.  It’s the death of peoples.

Life would be a never-ending game of tests if there wasn’t a universal causality.  Freedom doesn’t mean actions aren’t subject to universal laws.  Freedom doesn’t mean you have control of another, that’s power.  That’s not how it is in modern society.  Some do have power over others.  You aren’t entirely free.  Yes, men are unequal, but not in a sense that few are superior to many and have power over others.

Statistics are the backbone of statists.  There are not statistical laws.  They ignore regularity so they resort to statistics.  However, statistics are always historical.  New legislation is made based on statistics.  As soon as it doesn’t work out as planned, the planner will try again, controlling for one factor after another.  Experiments can’t be done in human action.  This is as absurd as controlling for Stalin and Hitler’s moustache.

The fate of mankind rest on recognizing, and following, the foundation of economics.  Life will plunge into chaos if we fail to understand economics.  Life as we know it will be destroyed.  Empiricism has forced its way into the minds of many.  It’s doomed to fail and evil.  Natural laws can’t be bypassed.  We exist in the universe and natural laws are eternal.  The utopians want a denial of reality, and some economists give it to them. 

References

Ludwig von Mises; The Ultimate Foundation of Economic Science

Ludwig von Mises; Epistemological Problems of Economics