Ludwig von Mises: Socialism Dies When Reason Prevails
ฝัง
- เผยแพร่เมื่อ 5 ส.ค. 2024
- INCREDIBLE! Ludwig von Mises, Austrian-Born Economist, Tells His Life Story! Gifted, Knowledgeable And Resilient, von Mises Fled The Nazis And Moved To America To Enthrall The World With The Ideas Of Free Market Economics! #AynRand #LudwigvonMises #FreeMarkets #animation #objectivism #freeminds #AtlasShrugged
Ludwig Von Mises is one of the Greatest mind, which has the courage to say what is right, instead of what lures the masses.
What are the masses supposed to do when the land they lived and worked on for the survival is stolen by aristocrats?
Socialism: A system so efficient, effective and caring that you have to force people at gunpoint to implement it.
Smart
Not raping people: A system so efficient, effective, and caring that you have to force people at gunpoint to implement it.
Yes, yes, laws require violence, we get it. You can stop framing things with shock value words now.
@@Greyz174 If by "shock value" you mean "historical precedent" I'd say it's really not that shocking at all. It simply is.
@@billmelater6470 Is your argument that if a system is actually good and efficient then people won't need to be forced to do it?
Wouldn't Ancapistan require that people use their guns to implement/protect their private property rights?
I know you'll say "keyword: force" lol. But I'd bet your ideas of force and how it could be justified are out of wack
And the fight against collectivism has been slowly lost, more and more, verging on total defeat...
Hopefully, modern technology and its power to distribute information in mass, and in infinite forms, is going to help us turn the tide.
Collectivism wins because collectives are stronger than individuals. That's why our elites are constantly propagandizing us with the wonders of atomized individualism: It makes us easier for them to control.
Sorry bro, people value safety over freedom.
@@albionicamerican8806 The most powerful, influential and prosperous country in the world today is the most individualistic country in human history. Your "strong" collectives are stuck in places like North Korea and Cuba and barely make their ends meet.
bob poop :
No one worth caring about cares more about safety than freedom.
Give up your freedom means giving up your right to defend yourself, and that means losing your safety.
Therefore the one who gives up freedom for safety winds up with neither.
We’re much better off without that waste of space.
Their weakness threatens my safety and my family’s safety as well.
@@GudinDmitry Many of the wealthiest countries in the world also offer their citizens universal health coverage. South Korea, for example, even though socialism is supposed to be so horrible based on North Korea's example.
A hommage to the greatest intellectual of the 20th century: Ludwig von Mises. Some things in this story are not correct. von Mises did not grow up in Vienna but in Lemberg (now Lviv, Ukraine).
And his books were never burned by the Nazi's, instead they were all shipped to Berlin and stowed away in a magazine where the Sovjet troops found them in 1945 and immediately shipped them to Moscow. In the early '90s they were re-discovered there. von Mises died in 1973 and will always be my favourite intellectual.
The narration was adorable and I love the story. Mises is probably one of my favorite economists of all time. He brought classical liberalism back to America when it needed it most.
Classical liberalism came from England. It was devised by very rich man to justify their theft of the common land on which the English people had lived for a thousand years. That theft forced them into the towns to compete for wage labour which was highly uncertain. So strange that the liberty and property lovers don't care about this epic crime
This is great, thank you very much for making it.
A tip : watch series on Flixzone. Me and my gf have been using them for watching loads of movies recently.
You're also here , sir . Respect for you & Ludwig von Mises 🙏
Your video about gold & silver is great & informative. It explains all that you're here means you're also on the right side of history.
@@kaysenemanuel4784 why don't u go be a pain in the butt... some where other that youtube... 😡
@@rrr5_Finance2 absolutely Mr. Maloney's videos have eductated ALOT Hundreds of thousands of people who are willing to listen.👍👍👍👍
This is all true and fact deal with people I came from Zimbabwe and I agree with this video ✊
Miles, how can I learn more about your experience ? Blessings and peace brother!
Mike Maloney recommended 👍
I have a hard time understanding this not saying anything words called Austrian economics. but this helped me a lot (while there are still some question marks) th-cam.com/video/jdqcPbsDmFU/w-d-xo.html
maybe you want to do a video on it?
So true. That’s how universal principles work wether written 90 years ago or 1,000 years in the future the wisdom will still prevails.
Socialism always crumbles when confronted by reason. Socialism needs force & threat to remain in power.
And private businesses don't? Have you ever worked in the hotel business? I have, and I've had to call the cops - the "men with guns" in libertarian demonology - on guests dozens of times in my career. Private business works because we have the power of the state backing us up.
@@randomjtf2op oh god you can't even complain under socialism, how is that better?
@@peenoice5176 You can complain under capitalism but odds are you'll be fired and lose your livelihood, unless you're rich of course
Also that isn't inherent to socialism, do you not understand that? Besides, even if people genuinely had no complaints, your biases would just make you think they do, in secret
@@noriadripchadkyoin480 totalitarianism is inherent in socialism due to centralized power.
@@peenoice5176 That doesn't make any sense, there are unitary governments that rule capitalist countries but I don't see anyone calling them totalitarian. For most of my life I believed that given political power, anyone would use and abuse it. But after seeing how the rich buy politicians and have them abstain from using certain powers has changed that. Economic power trumps political power. Corrupt US politicians would sooner deregulate the market so that their donors could get richer and in turn make them richer as well, than use their power to regulate the market for good
The only time US politicians actually use their power is to serve the rich - all they do is to serve the rich. People care more about their personal wealth than any political power
This format is wonderful actually 👌👌👌 Both visually amd in terms of storytelling from the subject themselves 👍👍👍
America is the LAST place Collectivism should take root... a country where ANYONE can rise to Greatness should they posses the desire and determination to do so. Marxists FALSELY label America as "Systemically Racist", because that accusation allows them the comfort of not having to address that the "Poor" are NOT held to their Economic Class by ANYTHING but their OWN laziness.
In America, a person regardless of their race or ethnicity, born into Poverty (or at least what we consider Poverty in America, which is a much higher income than most Working Class in other countries) is guaranteed an Education, and if they achieve even modest grades though High School is afforded a WIDE ARRAY of paths to college and beyond. They are NOT held down, except by the GENERATIONAL WELFARE of the Left. Which tells time from Birth "They are OWED", and NOT "EARN IT".
Socialism does not intend to give "Equality of Opportunity", it is designed around the LIE that "Equality of Outcome" is the end state of accepting and implementing Socialist "Ideals". But the TRUTH is, it ROBS you of the chance to succeed, and puts the State (and those who RUN the State) in TOTALITARIAN CONTROL OVER YOU, and History has PROVEN time and time again, that Human Nature takes over, and OPPRESSION is the outcome, OPPRESSION which will NEVER let go of you willingly.
Are their flaws in our current system of Capitalism? Of Course! But the problem is NOT the U.S. Constitution, nor the Meritocracy of wealth going to those who EARN IT, the problem is that those with Wealth have been allowed through INATTENTION by the People, to gain ABSOLUTE CONTROL of the Government, BUYING Politicians, and in turn having the Laws used to SHIFT WEALTH and POWER solely to those at the Top. America's Wealth Gap has NEVER been greater, but Socialism is NOT the answer. TERM LIMITS, the Abolishment of Lobbyists and their practices, and REAL Campaign Finance Laws are... sadly it will NOT happen without the People Awakening to the Problem and DEMANDING it be addressed.
Brilliant and powerful. Thank you so much!!
Come to think of it, the relationship between Lawrence Fertig and Ludwig von Mises is like that between Friedrich Engels and Karl Marx. Engels, heir to his father's industrial fortune, eventually just had to pay Marx a salary out of his own pocket because Marx couldn't hold a job, and in effect he subsidized Marx to write books which promoted their shared political and economic philosophy.
You just described how Engels gave Marx a job, but in a pathetic attempt to discredit him. An identical scenario could happen under anarcho-capitalism or whatever variant of capitalism you support
@@noriadripchadkyoin480he didn't give marx a job. He gave him a handout.
@@jonathanstevey1748 Dawg that comment was 2 years ago. Anyway, I'm a capitalist-leaning centrist now. But still, you are wrong, no such thing as a handout between people, only from government to people or corporations
@noriadripchadkyoin480 not true...there are such things as handouts between individuals....especially among fascists/socialists/commies (all the same ideology).
Also tou don't have much if a case with the "mug 2 years" when your comments and the OPs are a year apart.
@@jonathanstevey1748
Socialism and communism are nothing like fascism. Not an opinion, just an objective, irrefutable fact. Just like fascism are lightyears away from capitalism, it is also that far away from the far-left
Yeah exactly, genius, just like a retract my statement from 2 years ago, I also retract it's tardiness as a reply
It's unfortunate that our economic principles have become more distorted as time passes. To the point where it's no longer a free market; and yet free market capitalism gets blamed.
It became what is is for a reason, and no matter how many times you try it, it always will
@@noriadripchadkyoin480 you're referring more to communism, surely. We don't have free markets
@@killjoyredux8361 Austrian bullcrap. The government is puppeteered by the rich, not the other way around. And the free market's ultimate fate is this, no matter what you want
@@killjoyredux8361 Also to suggest the West is currently communist is to suggest you currently lack brain activity
Your work is beautiful and well done . Thank you . I really enjoy this ☺
What happens when reason is abandoned?
Degradation of Human Freedom & Collapse of the Society
Trudeau gets elected ... twice.
Trump gets elected
@@captainwilliam3920 Only 8 more years, then he's out.
@@tomwarlitner5712 You sure about that?
We are not here to preserve, we are becoming, in a constant flux of change! It is one of the Hermetic teachings. 1. you exist. 2. We are one. 3.The only constant is change. Think about it, if we are busy preserving we are not moving ahead like we are suppose to. Bless!!
If only schools taught Mises instead of Nietzsche in schools...
Thank you so, so very much for making this video. I will go get those two books now and fight the good fight.
My dad used to say that humanity only creates very few exceptional human beings. Those that create the ideas and light the fires against injustice. LVM was one of those people.
Beautiful video! Thanks a lot
Mike maloney brought me here
Fantastic...please make more
Hey, where does this passage come from, is it from his autobiography?
Brilliant! :-]
Every word of this is perfect, thank you!
A succinct primer regarding individual liberty and societal economic well being.
Really good 👌 summary
Just brilliant
Mises and any rand where the best people in our world
Superb. Thank you.
2 of the Best!
Please post on LBRY, support free markets and freedom of speech.
Thank you!
One of the best videos ever.
Brilliant. Bravo..
Ausgezeichnet!
Loved this
Awesome !
5:30 “All of the improvements in your conditions that you take for granted, you owe to the effort of men who are better than you.”
Best line in the whole 6:00 video - "Deserve it!"
Reason is the individual's guiding light.
Mark :
And yet that is questioned ... our universities teach hatred for reason itself.
Post-modernism ... the belief that reason itself is suspect is a cancer in our learning institutions.
I like listening to Dr. Jordan Peterson, Dr. Stephen Hicks, Helen Pluckrose, Peter Boghossian, etc. as they excoriate that bankrupt philosophy.
Ayn Rand’s Objectivism was dismissed by the Left but I’d say it’s here to stay, and here to rule.
hello from mike!
THANK YOU !!
In the past few months I devoured nearly every one of Ayn Rands fiction and non fiction books, and now on my journey I just discovered this genius man. I just started Human Action! Thank you for this video
Halfway through Human Action right now. I’ve read the Bible, Koran, Federalist (“Papers”) front-to-back, and Human Action is the most challenging read I’ve undertaken.
Ludwig Von Mises was a card-carrying member of the "Fatherland Front" fascist party. We still have his membership number of both the party & the fascist social club
"On 1 March 1934, at the Austrian Chamber of Commerce where [Von Mises] worked as a business sector lobbyist, Mises became member 282632 of the Patriotic Front and member number 406183 of Werk Neues Leben the official Fascist social club (Hülsmann 2007, 677, n149)."
Mises' fascist party membership cards can still be seen in his archives in Pennsylvania
Mises was pro-fascism & anti-communism. That should clue you in right there
This is what Ludwig Von Mises wrote about fascism in 1927:
"It cannot be denied that Fascism and similar movements aiming at the establishment of dictatorships are full of the best intentions and that their intervention has, for the moment, saved European civilization."
Very well done
Love it!
Wonderful that this gentleman lived long enough to share his voice - and worldview - on TH-cam.
Mises died in 1973.
How come we don't learn about him in school??
THANK YOU!
Change government tyranny to political tyranny.
The Mises school is conspicuously silent right now when we need them most.
True
The same thing is happening in the U.S. as the places he fled.
this is not a viennese accent
I wonder if he knew what would come of his ideas
❤❤❤❤❤
Thou shall not COVET. There is a very good reason this is one of the 10 commandments dammit!!!
mike maloney
Why people fear old maps?
Envy or just people so poor they had to take it
Corporations like Amazon and Walmart ignored Mises and solved the calculation problem any way. Jef Bezos can go online in his office and see centralized knowledge about any aspect of his business empire in any part of the world, without the intermediation of prices and markets.
It’s not that a centralized planner can’t reach the right answer. It’s that they’re asking the wrong question. The dictator asks not what is best for the people, but what is best for themselves.
That's not planning. Amazon and Walmart are companies that are subject to market forces. This comparison makes no sense.
i thought these companies actually get more inefficient the bigger they get
Where u @ snowflakes!
The "people that are better than you" line was kind of elitist. Is that the kind of society Rand is talking about? Rule by the elite?
What to see the monstrosity of the collectivist mindset?.. Go to Melbourne... Paradise.
- Ludwig von Mises
- Friedrich Hayek
- Murray Rothbard
- Ayn Rand
Two daughters?
Central Bank interest is immoral
Ditch the music
Narrator speaking with a fake accent really hurts this.
Do my name is iran
The proves ethno nationalist will come after other sociologists and visa versa.
This is not the age of Reason. Religion is prevailing, both in Christianity and Secularism. Faith is the opposite of Reason.
If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
Parable of the sheep and goats, the rich man and the beggar Lazarus, Ezekiel 16:49 Daniel 4:27 Job 29 Isaiah 1 & 58
*On Earth as it is in Heaven*
Acts 2:38 Then Peter said unto them, Repent, and be baptized every one of you in the name of Jesus Christ for the remission of sins, and ye shall receive the gift of the Holy Ghost.
39 For the promise is unto you, and to your children, and to all that are afar off, even as many as the Lord our God shall call.
40 And with many other words did he testify and exhort, saying, Save yourselves from this untoward generation.
41 Then they that gladly received his word were baptized: and the same day there were added unto them about three thousand souls.
42 And they continued stedfastly in the apostles' doctrine and fellowship, and in breaking of bread, and in prayers.
43 And fear came upon every soul: and many wonders and signs were done by the apostles.
44 And all that believed were together, and had all things common;
45 And sold their possessions and goods, and parted them to all men, as every man had need.
46 And they, continuing daily with one accord in the temple, and breaking bread from house to house, did eat their meat with gladness and singleness of heart,
47 Praising God, and having favour with all the people. And the Lord added to the church daily such as should be saved.
Say unto them, As I live, saith the Lord GOD, I have no pleasure in the death of the wicked; but that the wicked turn from his way and live: turn ye, turn ye from your evil ways; for why will ye die, O house of Israel?
What does this have to do with the video?
That was useless.
Being “ancient” does not, in and of itself, mean it has value.
So the people in the Bible believed in sharing (supposedly) ... of what value is that tale?
@@eanu123 you're welcome
@@freecitizen2760 keep your stupid crap. Child starves to death every five seconds and suicide every 40. God knows how stupid the stuff is that you want to hold on to instead of making a difference.
Do f.a. Hayek
Sounds familiar in today's messed up global world, get lost WEF and WHO.
Whatifalthist be like :
Ludwig Von Mises was a card-carrying member of the "Fatherland Front" fascist party. We still have his membership number of both the party & the fascist social club
"On 1 March 1934, at the Austrian Chamber of Commerce where [Von Mises] worked as a business sector lobbyist, Mises became member 282632 of the Patriotic Front and member number 406183 of Werk Neues Leben the official Fascist social club (Hülsmann 2007, 677, n149)."
Mises' fascist party membership cards can still be seen in his archives in Pennsylvania
Mises was pro-fascism & anti-communism. That should clue you in right there
This is what Ludwig Von Mises wrote about fascism in 1927:
"It cannot be denied that Fascism and similar movements aiming at the establishment of dictatorships are full of the best intentions and that their intervention has, for the moment, saved European civilization."
Music is redundant and too loud 😬
Why do you keep deleting my comment which doesn't violate TH-cam rules???
Nazi Germany had "a great socialism scheme to drive Jews out of Europe"?????
Socialism scheme?????
I would say more of a CAPITALISTIC scheme!!!
I wonder if there are people so uneducated in history to believe your history-rewriting propaganda....
Why do you believe the jews were selected for persecution and ostracism?
@@justifiably_stupid4998 It began with the myth of the "backstabbing" in the end of ww1 and conspiracy theories against them. Then it continued through the nationalistic ideology (of Christians who always thought Jews were the killers of their god) which was strengthened by the bad economic situation in Germany during the interwar era.
Nothing to do with socialism.
G G th-cam.com/video/-awkYhtey50/w-d-xo.html
@@papaspeleo yeah against gun control! I don't buy it. Only Americans keep having this mania with guns and we see every now and then the results!!
So I don't bother myself listening to an one hour long video probably saying that Hitler was socialist.
Educate yourself!! Hitler was a far right nationalist in favor of capitalism!!!
That depends on how you define "socialism." Scores of countries in the early 21st Century offer their citizens universal health coverage, including ones we wouldn't consider very developed or wealthy. Even Israel's government offers this service to its citizens (like Yaron Brook, Tal Tsfany and Elan Journo, hmm?), despite Objectivist propaganda about what a great country Israel is. Objectivists who are still repeating libertarian propaganda from the 1940's about how socialist governments murder their citizens are just not dealing with the reality on the ground in these countries. A country which offers to take care of your and your family's medical needs isn't threatening your life with a firearm.
@A waterfall Don't let facts get in the way of your ideology, in other words: worldpopulationreview.com/countries/best-healthcare-in-the-world/
@OKBH You give your implicit consent to being taxed by choosing to live under a given political soverereignty. When you renege on your end of the deal, the state has the right to enforce the contract. President Trump showed that when he moved from New York to Florida because Florida doesn't have a state income tax, and he'll save a fortune. The other billionaires who stay in New York are consenting to pay that state's income tax.
Sorry but I don't like government touching my pockets. Taxes are a way of telling what belongs to me; i believe in meritocracy and for that I work my ass hard to get what I need and I want.
sounds alot like 2020
Mises is one if not the greatest theoretical economists in recorded history. However, his idealism bases itself upon neglectful thinking in regards to the known nature of politics. Freedom in the abstract is not powerful enough to combat or redirect power in the world as it stands
That's depressing, since people are unreasonable.
BTW, when MIses migrated to the United States, he couldn't get a job as an academic economist. (Alex Epstein points out that we should respect what markets tell us about people.) So instead of doing something productive with his life by, say, going into the garment trade or something similar, somehow he hooked up with the American ad man Lawrence Fertig, who apparently bribed New York University to give Mises an office and pretend that he had a job there as a "visiting scholar," or words to that effect. Then Fertig paid Mises a salary out of his own pocket for many years. In other words, despite Mises's own theorizing about the need for a market and prices to allocate resources rationally, when it came to paying his own bills, he rigged a workaround of the market instead of acknowledging that the market didn't value what he had to offer as an economist with some fringe views.
@OKBH Rand had to make her money the honest way. No publisher was under an obligation to pay her a penny for the rights to her novels; no one was under obligation to spend his discretionary income to buy them; and no movie studio in the late 1940's had to buy the rights to turn _The Fountainhead_ into a bad movie. The market showed that Rand's work had value, at least to thousands of people who could have done other things with their money.
@OKBH BTW, the Ayn Rand Institute is propping up Rand artificially the way Fertig kept Mises on life support. ARI has bought and given away at least *_4 million copies_* of Rand's novels to high school and college students, whether these youngsters want to read them or not. This practice sends bad price signals through the market about the current value of Rand's work, misallocates scarce resources and inflicts opportunity costs on the kids who are required by their schools to read them.
I think his work became more valuable after his death, like that of composers and classical artists
@@roshansundar6618 The market says otherwise. The Mises Institute has digitized Mises' books and it gives the ebooks away as "free" downloads over the internet, despite the Misesian argument that "free" goods don't exist, and that pretending otherwise misallocates scarce resources and contributes to economic chaos. This shows that there isn't much demand for Mises's books in the market where people would want to pay market prices for them.
@Laurent Rand wasn't a voracious reader herself, and in her novels the villains like Ellsworth Toohey have personal libraries.
To me it's hilarious that the Mises Institute has digitized Mises's books and it gives them away as "free" ebooks over the internet, when you would have to pay market prices for ebook versions of Mises's works if you bought them from an online bookseller. I guess the Mises Institute is free to ignore price signals and run the risk of causing economic chaos when it comes to evangelizing the world about Saint Mises.
If they own the rights to the books, it's their right to sell them, give them away, or whatever. The concept of liberty isn't all that difficult. It's like money. If people want to hoard their wealth like Scrooge McDuck, or give it away like some modern St. Francis--or spend some, save some, give some the way John Wesley recommended for average folks--as long as it's their own money, there's no problem.
If Mises had lived a few years longer, he would have seen many of his theories disproved by modern economists.
Well thing is modern economist theories are a bunch of bullsht , especially Keynes
@@robch.2901 Keynes was not a modern economist. He died long before Mises did.
how can i find the best critiques of his theories?
Mises was not for reason. Mises talked about the "pure" side of economics, which is divorced from empirical evidence and the "impure" side of economics that is subject to empirical evidence. Mises is inconsistent with Objectivism and this video should be taken down.
Mises
Mises’ epistemology is described in his praxeology, which is supposed to be the study of human action. The Action Axiom is the fundamental starting point of praxeology and it states “that individual human beings act, that is, on the primordial fact that individuals engage in conscious actions toward chosen goals.”1 According to Mises the principles (axioms) “are, like those of logic and mathematics, a priori. They are not subject to verification or faIsification on the ground of experience and facts. They are both logically and temporally antecedent to any comprehension of historical facts.”2 Mises continues, “A fashionable tendency in contemporary philosophy is to deny the existence of any a priori knowledge. All human knowledge, it is contended, is derived from experience.”3
According to Long, Rand objected to this idea of a priori knowledge in her marginalia of her copy of Human Action. “There is no ‘a priori’ knowledge,” Rand insisted in the margins; “[t]here is no knowledge not derived from experience” (Rand 1995a, 113-14).”4
Long argues that Rand’s definition of axioms is the same as Mises’ a prior. Long admits that Rand ultimately bases her axioms on reality while Mises does not, but relies on Rand’s explanation of an axiom as “a proposition that defeats its opponents by the fact that they have to accept it and use it in the process of any attempt to deny it.”5
According to praxeology the attempt to deny the action axiom necessarily means that you are acting towards a purpose. While it might be true that the person arguing against the action axiom is taking action toward a goal, it is not true that a person having a seizure is taking ‘conscious actions toward chosen goals’. A person in an abusive relationship suffering from ‘battered person syndrome’ is not acting toward conscious actions toward chosen goals. Advocates of praxeology might argue that the abused person feels responsible for the abuse they are suffering and therefore they are working toward the goal of relieving their guilt. Any impartial observer would say that the abused person’s actions are not working toward relieving their guilt or getting out the abusive relationship. In economics it is at least an open question whether the idea of unintended consequences fits the action axiom. In that case the result obtained were not those the person(s) was striving for.
Note Rand says that an axiom requires that person accept it in any attempt to deny it. It is clear that in arguing a person having a seizure is not consistent with the action axiom, the arguer has not accepted the action axiom in their argument.
Another part of Mises’ action axiom is that human action is necessarily always rational. “The term ‘rational action’ is therefore pleonastic and must be rejected as such. When applied to the ultimate ends of action, the terms rational and irrational are inappropriate and meaningless.”6 “However one twists things, one will never succeed in formulating the notion of ‘irrational’ action whose ‘irrationality’ is not founded upon an arbitrary judgment of value.”7
This is a clear contradiction between Rand and Mises on an epistemological and ethical level. This is not a minor disagreement, but goes to the very fundamentals of Mises’ praxeology and Objectivism. Long however argues that this is not the case. “Mises of course did not mean that people always pursue the most rationally defensible ends (for Mises there are no such things) or even that, given their ends, people always choose the most rationally defensible means to their ends. In part, what he meant was simply that human action is purposeful.” 8 According to Long, when Mises says people always act rational, he means “in a manner appropriate to their situation in the way of actually seeing it that is constitutive of their action. And this is a claim that Rand has no reason to reject”9
Rand defines reason as, “Reason integrates man’s perceptions by means of forming abstractions or conceptions, thus raising man’s knowledge from the perceptual level, which he shares with animals, to the conceptual level, which he alone can reach. The method which reason employs in this process is logic-and logic is the art of non-contradictory identification.”10 Thus for Rand to act rationally is to act in accordance with reason. All the massaging of what Rand and Mises meant cannot reconcile these two radically different positions. While English was Mises’ second language, these ideas about praxeology were fundamental and Mises never retracted his statements or reinterpreted them and neither did Rand. An informal review of video lectures by Austrian Economists shows that they take Mises at his word. It is very dangerous to reinterpret what people are saying.
Mises is clear that praxeology is a type of philosophical rationalism.
“[Praxeology’s] cognition is purely formal and general without reference to the material content and particular features of the actual case. Its statements and propositions are not derived from experience. They are, like those of logic and mathematics, a priori.” Mises, Human Action, p. 32
“All theorems of economics are necessarily valid in every instance in which all the assumptions presupposed are given.” Mises, Human Action, p. 66
“Apart from the fact that these conclusions cannot be “tested” by historical or statistical means, there is no need to test them since their truth has already been established. Historical fact enters into these conclusions only by determining which branch of the theory is applicable in any particular case.” Murray N. Rothbard mises.org/library/praxeology-methodology-austrian-economics.
Philosophical rationalism is defined as “the doctrine that reason alone is a source of knowledge and is independent of experience.”11 Philosophical rationalism is commonly associated with Descartes and Spinoza. Here is what Rand said about rationalism.
[Philosophers came to be divided] into two camps: those who claimed that man obtains his knowledge of the world by deducing it exclusively from concepts, which come from inside his head and are not derived from the perception of physical facts (the Rationalists)-and those who claimed that man obtains his knowledge from experience, which was held to mean: by direct perception of immediate facts, with no recourse to concepts (the Empiricists).12
Mises epistemology is not science. At a minimum science always requires that concepts (hypothesis) are checked against reality and reality is ultimate determiner of what is true. William Thomas, Director of Programs at The Atlas Society, argues that Mises was not a philosophical rationalist and shows that some of the concepts Mises uses, such as money, can only be derived from experience. This is another attempt to massage the words of Mises. What this shows is that Mises’ praxeology and his ideas about money result in a logical contradiction. Rand’s response from Atlas Shrugged might be “Contradictions do not exist. Whenever you think that you are facing a contradiction, check your premises. You will find that one of them is wrong.”
An interesting point is that Mises’ subjective theory of value is fundamental to his ideas on praxeology. “Let us note that praxeology does not assume that a person’s choice of values or goals is wise or proper . . . “13 “However one twists things, one will never succeed in formulating the notion of ‘irrational’ action whose ‘irrationality’ is not founded upon an arbitrary judgment of value.”14 As a result, it is impossible to separate the subjective theory of value from Mises praxeology.
George Reisman makes some important point about Mises’ contention that economics (science) should be value-free.
The notion that science and value should be divorced is utterly contradictory. It itself expresses a value judgment in its very utterance. And it is not only self-contradictory, but contradictory of the most cherished principles of science as well. Science itself is built on a foundation of values that all scientists are logically obliged to defend: values such as reason, observation, truth, honesty, integrity, and the freedom of inquiry. In the absence of such values, there could be no science. The leading historical illustration of the truth of these propositions is the case of Galileo and the moral outrage which all lovers of science and truth must feel against those who sought to silence him. 15
It is too hard to paste the footnotes into this document, which is why they are not here
Did Rand think value in an economic sense was objective?
This equity religion has sucked the reasoning out of many minds.
The real Anti-Facist
No
This video is such tryhard propaganda. It boils everything down to "money under attack because the poors don't like it". There is no description of mechanism or attempt at analysis of the opponent theories. It's just rhetoric and storytelling.
It's just tells you mises life story I don't see tf your talking about
Ah, the altas society of course with another propaganda piece