Praxeology - Episode 12 - Human Labor

In this episode I explain the universal laws of human labor.

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[junskey]

hot intellectual chicks? i need to move to NYC...

[praxgirl]

@junskey NYC is a magical place

[NicosMind]

I see this channel is dedicated to praxeology but do you plan to tackle any other Austrian thought?

[praxgirl]

@NicosMind I think inevitably we will have to cover a bit of political theory, but that's just to explain Praxeology's real world applications.

[isitbs]

Blaam! Zeitgeist!

[joepeeler34]

I am certain that I don't have a disutility for hot chicks talking Austrian economics.

[Goodatconnect4]

@MartyrofCake Don't forget that ideas are nonscarce!

[MartyrofCake]

@praxgirl Thanks, haven't been checking out your stuff recently ;p but I'll be a good student from now on ;p

[praxgirl]

@MartyrofCake there yours to keep, improve and share :)

[MartyrofCake]

@praxgirl Can I download some of your videos? :)

[JesseForgione]

@praxgirl

Not exactly. It just means that there is more than one pay-off from the effort invested.

Labor is essentially action which pays off further in the future, while leisure pays off in the nearer future. If an action pays off partially in the immediate future, and partially in the further future, you could say it qualifies as both, but really it just illustrates that "labor" and "leisure" are not qualitatively different, except in the length of the production-period.

[NicosMind]

@praxgirl I nay check it out. Or even check your series from the first video. I know what praxeology is i just havent read in depth about it. Thanks for these videos btw. Youve done a great job :).