PRAXEOLOGY: THE PROBLEM, MURRAY, IS THAT THOSE CATEGORIES? THEY’RE ALL FALSE. So

PRAXEOLOGY: THE PROBLEM, MURRAY, IS THAT THOSE CATEGORIES? THEY’RE ALL FALSE.

Sorry Murray. Just how it is: Nonsense. On. Stilts.

Rothbard’s False Praxeological Categories

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A. The Theory of the Isolated Individual (Crusoe Economics)

B. The Theory of Voluntary Interpersonal Exchange (Catallactics, or the Economics of the Market)

…1. Barter

…2. With Medium of Exchange

…….a. On the Unhampered Market

…….b. Effects of Violent Intervention with the Market

…….c. Effects of Violent Abolition of the Market (Socialism)

C. The Theory of Propositional Exchange, or Law and Argumentation Ethics,

D. The Theory of War – Hostile Action

E. The Theory of Games (e.g., von Neumann and Morgenstern)

HERE IS THE CORRECT ANSWER

1) The human biological reaction to ‘cheating’ as a prevention against free riders.

2) The organized use of violence to create private property from community property, and by homesteading. (Refutation of Crusoe Ethics)

3) The organized use of violence to suppress involuntary transfers (cheating), and to force all consequential human action into the market for the production and distribution of goods and services. (Refutation of Non Aggression)

4) The necessity of property, money and prices for calculation, incentives, and complex cooperation in a division of knowledge and labor.

.

5) The necessity of a monopoly of property definitions for the logical and non-arbitrary resolution of disputes, contracts, and common law.

6) The necessity of organized production of commons and the contractual prohibition on their privatization, as a means of maintaining group competitiveness. (Refutation of total anarchism)

7) The necessity of an insurer of last resort, for the promotion of risk taking.

8) The prohibition on monopoly bureaucracy as a defense against interference in cooperation.

9) The necessity of trade policy (collective bargaining) to neutralize competitive differences.

(I’m sure I will extend this list to include prohibitions on inter-temporal transfers, obscurantism, pooling and laundering)