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Libertarian Theory: Free Market, Austrian School, Individualism, Parable of the Broken Window, Austrian Business Cycle Theory

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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 64. Chapters: Free market, Austrian School, Individualism, Parable of the broken window, Austrian business cycle theory, Non-aggression principle, Free-market environmentalism, Free banking, Libertarian perspectives on revolution, Free-mark Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 64. Chapters: Free market, Austrian School, Individualism, Parable of the broken window, Austrian business cycle theory, Non-aggression principle, Free-market environmentalism, Free banking, Libertarian perspectives on revolution, Free-market roads, Negative liberty, Self-ownership, Spontaneous order, Tax resistance, Propertarianism, Free migration, Non-interventionism, Voluntarism, Freedom of contract, Free-market health care, Night watchman state, Criticisms of electoralism, Homestead principle, Extended order, Counter-economics, Proprietary community, Polycentric law, Anti-statism, Non-voting, Dispute resolution organization, Title-transfer theory of contract, Deontological libertarianism, Limited government, The God of the Machine, Consequentialist libertarianism, Libertarian theories of law, Voluntary society, Libertarian utopia, Legalization, Market populism, Free society, Non-politics. Excerpt: The Austrian School of economics is a heterodox school of economic thought that advocates strict adherence to methodological individualism in interpreting economic developments and emphasizes the spontaneous organizing power of the price mechanism. Austrian economists argue that mathematical models and statistics are an unreliable means of analyzing and testing economic theory, and advocate deriving economic theory logically from basic principles of human action, a method they term 'praxeology'. Additionally, whereas experimental research and natural experiments are often used in mainstream economics, Austrian economists contend that testability in economics is virtually impossible since it relies on human actors who cannot be placed in a lab setting without altering their would-be actions. Austrian School economists generally advocate a laissez faire approach to the economy and are most frequently associated with libertarianism. Th...


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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 64. Chapters: Free market, Austrian School, Individualism, Parable of the broken window, Austrian business cycle theory, Non-aggression principle, Free-market environmentalism, Free banking, Libertarian perspectives on revolution, Free-mark Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 64. Chapters: Free market, Austrian School, Individualism, Parable of the broken window, Austrian business cycle theory, Non-aggression principle, Free-market environmentalism, Free banking, Libertarian perspectives on revolution, Free-market roads, Negative liberty, Self-ownership, Spontaneous order, Tax resistance, Propertarianism, Free migration, Non-interventionism, Voluntarism, Freedom of contract, Free-market health care, Night watchman state, Criticisms of electoralism, Homestead principle, Extended order, Counter-economics, Proprietary community, Polycentric law, Anti-statism, Non-voting, Dispute resolution organization, Title-transfer theory of contract, Deontological libertarianism, Limited government, The God of the Machine, Consequentialist libertarianism, Libertarian theories of law, Voluntary society, Libertarian utopia, Legalization, Market populism, Free society, Non-politics. Excerpt: The Austrian School of economics is a heterodox school of economic thought that advocates strict adherence to methodological individualism in interpreting economic developments and emphasizes the spontaneous organizing power of the price mechanism. Austrian economists argue that mathematical models and statistics are an unreliable means of analyzing and testing economic theory, and advocate deriving economic theory logically from basic principles of human action, a method they term 'praxeology'. Additionally, whereas experimental research and natural experiments are often used in mainstream economics, Austrian economists contend that testability in economics is virtually impossible since it relies on human actors who cannot be placed in a lab setting without altering their would-be actions. Austrian School economists generally advocate a laissez faire approach to the economy and are most frequently associated with libertarianism. Th...

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