Published: 12 Jul 2023 › Updated: 12 Jul 2023
Could you briefly explain Austrian economics?
I can do it simply:
- Man acts purposefully.
- In this purposeful self-interest, people attempt to improve their situation through human action.
- Freedom in market choice and association is necessary as government cannot know all possible wants and needs in any given moment.
- Money is the tool that allows expedient subjective valuation and prices help signal that subjective value.
- Government force is unethical as it violates individual sovereignty and distorts market signals.
- Each person should be respected in their bodily autonomy and should be free to make consensual market transactions and associations within the scope of property rights.
P.S. If you want to get a sense of my principles and values in a succinct book, check out The Definitive Guide to Libertarian Voluntaryism over at:
https://amzn.to/33sDMkW
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