Odd, But Poverty Is An Early Stage Of Economic Growth.

Involvement in a productive endeavor is a valuable exercise of social cooperation and all kinds of social cooperation, including work, stir ideas and innovations. Greater confidence and acquired skills combined with an income stream and the possibility of savings leads to a furthering of the process of economic growth from the ''ground up."

Humans use their income to buy what they need, to subsist. If their income exceeds subsistence then they can save, which is how capital becomes a productive factor. Humans are social - physically, mentally, and spiritually - and so they recognize the blessings and advantages of cooperating. A small savings can become a pool of savings and a simple idea can be refined through consultation. This is part of the process of economic growth.

For the individual faced with poverty and for the nation that is relatively poor compared to other nations it is the ability to find work that is voluntarily chosen that begins the process of economic growth for that individual and for that society.

 

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Why Is Subjectivism The Appropriate Scientific Methodology?

Humans make decisions subjectively.

When a human makes a subjective decision he (or she) is uniquely qualified to do so, yet some may call that selfishness. If ego-driven it may indeed be selfish but if truly exercising the spirit of the independent investigation of truth it is not selfish just subjective. In such an instance there is one and only one person qualified to make the 'correct' decision, which is that particular unique human being. If a methodology cannot permit this it would not be an appropriate methodology for the human sciences.

Within the classical liberalism tradition and within the Austrian economics tradition the praxeological science of economics is advanced by those who use the methodology of subjectivism. What is new and exciting is the development of economic models using subjectivism! Contact me and I will show you some examples.

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The Great Factor Of Justice In the Process Of Unity.

Since the logic of the human mind is universal; as humanity evolves and as civilization advances the divergencies that exist naturally across societies will lessen making unity more and more possible, especially when law is discovered rather than created via moral relativity.

What conclusions can thus be drawn? The subjective choices made by all people to cooperate because it is mutually beneficial will also be a source of enlightenment that will even further the desire to cooperate. This is what unity and the process of unity looks like.

The great factor in the process of unity is the existence of justice. The key here is the discovery of the laws that operate as part of the realm of human reality. These laws have to be discovered. Praxeology is an example of a science that is discovering these laws but there are other ways and means to discover these laws also. It turns out that these discovery processes are a characteristic of this period in human history and so over time advancements will be made as the laws concerning the human reality are discovered and applied. Each advancement in the understanding of justice enhances the processes of unity.

We know that the ego-driven interventionism and the ego-driven interpretation imposed by the State is a massive obstruction of the natural flow of knowledge. Unity and justice will advance best absent these barricades to peaceful and voluntary social cooperation.

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Are You Prejudiced Against Capital?

What is the reason for the animus towards capitalism?

Some suggest that it is ideological, some say it is motivated by the envy that emerged from historical roots of haves and have-nots.

The chief reason is because we live in the Dark Ages of economics. Capital is an economic reality that is beneficial to humankind and so ignorance of economics is the starting point for this prejudice. Capital is productive use of savings for the purpose of betterment.

Is it possible to understand why the negative feelings towards a benign (magnificent, actually!) economic reality can be so intense? I am going to propose a new and exciting perspective, the perspective of a divine economy theorist!

Because of the destructiveness of forcing the empirical methodology on the subjective science of economics the true reality and nature of human beings has been squeezed out; replaced with nonsensical and sterile data. The spirit is stripped away, taking with it ethics and justice and liberty. This numbed and mortified condition leaves humankind in a greatly weakened state which easily succumbs to materialism as the ultimate goal. Aspiring towards a disease like materialism brings out the worst - greed and envy combined with economic ignorance. That which is good is the target of this venomous attitude and since capital is the transformative element in the economy it receives waves and waves of aversion.

Why is this aversion so strong? Human beings are spiritual beings and knowingly or unknowingly are uncomfortable being submerged in an ocean of materialism. It is wholly unsatisfying to the perceptive spirit and so the overall condition is one of discontentment. If educated properly - aware of the subjective nature of humans and the subjective methodology of the human sciences - this grief and misery would easily be sloughed off and replaced with the joyous celebration of the bounties of capital and the entrepreneurial spirit. Shackled by the economic ignorance of these Dark Ages of economics the greatest challenge - the greatest enemy - to this pervasive disease is the transformative power of capital. That is why it is a target of the hate of the ego-driven interventionists and the ego-driven interpreters.

For you and those who you care about it is now time to unlearn this prejudice against capital!

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Empirical Economics Is In No Way, Shape, Or Form Scientific.

Static data that misses the subjective nature of human action in a dynamic system of human action is not a good starting point.

Then for someone with such limited knowledge (which is an unavoidable condition of all human beings) to be arrogant or foolish enough to interpret the meaning - as if possessing omnipresent and omniscient powers extending across the time horizon - of this static data; and then combining that ego-driven interpretation with a motivation to interfere with the natural processes in favor of some ego-driven goals is not in any way, shape, or form scientific.

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What Is A Government (Not A State)?

Government is a voluntarily chosen means - a type of social cooperation - for achieving the ends desired within a particular society. It may be that the type of social cooperation chosen does not resemble what contemporary thought considers a 'government' but it is voluntarily and non-coercively chosen, so for that time and place it is perfectly fine and subject to change if the results do not turn out to be desirable.

Someone may say that this is confusing spontaneous order with government. Spontaneous order may include all of the voluntary choices made in society, including those means that serve as a government for certain agreed upon tasks, but spontaneous order could just as easily not have a governmental element.

Government is only one of many means to attain the ends chosen. Therefore it can be one of the means voluntarily chosen. It would be folly for a society to choose government as a means to attain one or several of its ends without very specific constraints founded firmly on the preservation of property rights. Of course there are always 'private' means as alternative means and the more people understand the beauty of these private means the higher they will be regarded, but ultimately voluntary choices need to be made for the ethics of society to advance properly. Freedom and liberty allow for the optimal development of ethics. This is what leads to the greatest advancement of civilization.


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Another Reason Ethics And Economics Are Inseparable!

What is overlooked is the role of the flow of knowledge in the development of ethics.

An unhampered market economy is the optimal means for maximizing the flow of knowledge. When there is a corruption by ego-driven interventionism then the flow of knowledge is not only lessened but it is also distorted which has consequences in the ethical development of civilization.

Similar to the criticism of capitalism - when people look at the fascism of crony capitalism and say how undesirable capitalism is - it is important to compare and contrast using an authentic representation. So when we see how people choose what appears to be perverse goods and services because they are made available in the market we have to remember that the ethical development in that culture has been lessened and distorted because of the ego-driven interventionism.

In other words, all things change (ethics included) - including the goods and services that are produced because the people's desires are different - when the flow of knowledge is optimal as is the case in an unhampered market economy.

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Does The Market Economy Produce' Evil' Goods?

The unhampered market economy is the best possible reflection of the cultural choices of society and so what goods and services it provides is an expression of the ethics that exist at that time and place. Cultures can be understood to be in different conditions of maturity but the best way for civilization to advance is for knowledge to flow feely and the best means for the optimal flow of knowledge is an unhampered market economy, in other words, an economy that is not corrupted by ego-driven interventionism.

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