Your Mission, Our Mission, is to Create A Market for Commons (important piece) http://www.propertarianism.com/qQN7r #tcot #tlot #liberarian #NRx
Source date (UTC): 2015-07-31 07:06:54 UTC
Original post: https://twitter.com/i/web/status/627012543303843840
The Battle Conservatives and Libertarians Face In Our Generation: Non-Parasitic Commons (Important) http://www.propertarianism.com/U1UvR #tcot #tlot #nrx
Source date (UTC): 2015-07-31 07:03:46 UTC
Original post: https://twitter.com/i/web/status/627011756578238464
What is the Purpose of Economics? http://www.propertarianism.com/LulQz #tcot #tlot #NRx
Source date (UTC): 2015-07-30 18:58:07 UTC
Original post: https://twitter.com/i/web/status/626829138695979008
[T]he voluntary organization of production, distribution, and trade, that results in networks of sustainable specialization in production distribution and trade, that in turn adapts by change prices to small changes in demand; by reorganizing in response moderate changes; and by dissolution and eventual reformation in response to shocks and persistent changes.
People, Skill, Knowledge, Relations.
[T]he voluntary organization of production, distribution, and trade, that results in networks of sustainable specialization in production distribution and trade, that in turn adapts by change prices to small changes in demand; by reorganizing in response moderate changes; and by dissolution and eventual reformation in response to shocks and persistent changes.
People, Skill, Knowledge, Relations.
[I]t was very hard to convince people that competition was not immoral. Lending was not immoral. And trading was not immoral. That’s because it often wasn’t.
[I]t was very hard to convince people that competition was not immoral. Lending was not immoral. And trading was not immoral. That’s because it often wasn’t.
The voluntary organization of production, distribution, and trade, that results in networks of sustainable specialization in production distribution and trade.
Source date (UTC): 2015-07-29 13:30:00 UTC
MAKING COMPETITION MORAL?
It was very hard to convince people that competition was not immoral. Lending was not immoral. And trading was not immoral.
That’s because it often wasn’t.
Competition functions only when credit is relatively equal to access. Lending only when not hazard-producing or predatory. And trading when not a contrived artificial scarcity.
Hence why morality (rational cooperation) requires PRODUCTIVE fully informed, warrantied, voluntary exchange, free of externality of the same criteria.
And why BLACKMAIL is immoral, and why the NAP/IVP is immoral.
IF IT ISN”T PRODUCTIVE IT’S PARASITIC.
Source date (UTC): 2015-07-29 02:37:00 UTC
[A] central argument in economics is unsettled: what is the purpose of economics?
1) A social science (political economy) that describes human behavior in a monetary economy, regardless of policy wants or demands, so that we construct institutions that provide the least resistance to cooperation. (The german Austrian school)
2) A means of extending the rule of law (moral cooperation) to economics (production distribution and trade): the discovery of rules which determine policy actions. (Chicago and the freshwater school)
3) A means of justifying discretionary action independent of rules. (Krugman and the Saltwater school) I include our host John Quiggin in this group.
The first is the least hubristic, the second more so, but allows planning, the third most hubristic, least moral, and least trustworthy.
Discretion is for choosing flavors of ice cream. There is no room for discretion in law or economics.
Curt Doolittle
The Propertarian Institute,
Kiev, Ukraine