ECONOMIC THINKING TRUMPS PSYCHOLOGIZING All emotions are changes in state of pro

ECONOMIC THINKING TRUMPS PSYCHOLOGIZING

All emotions are changes in state of property. By describing actions rather than their effects, we can clearly understand what is occurring in any interaction.

Praxeology allows us to test incentives. But if we understand the full spectrum of what people treat as their property, we can use praxeology to understand precisely what voluntary and involuntary transfers are going on, and when emotions are used to lie in order to force an involuntary transfer.