Praxeology - Episode 13 - Capital

In this lesson I introduce the concept of Capital and its importance in raising mans standard of living.

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[LibertarianChristian]

I <3 Capital.

[robertetaylor]

@JusticeSpray we had slipped a faulty image that wasn't creative commons, someone could have been hurt. The state keeps us safe with IP law.

[KagarBeardtooth]

Great video!

It's too bad that, thanks to the state's heightening of society's time preference, we can look forward to decapitalization and, eventually, decivilization if things don't change rapidly.

[TheDanielBooth]

I've always wondered about Praxeology now I have an idea. Thanks.

But I'm just wondering how is this different from microeconomics the math taken out?

[joerndinkla]

@derKuntz 1) Polylogism is not possible/inconsistent. 2) Do you really think, that there is a causal relationship from my "political beliefs" to my logic? I think it is the other way round.

[derKuntz]

@joerndinkla Of course you are unable to see the connection, because your libertarian political beliefs shape the way you perceive the whole world. Therefore this discussion is useless - it's like talking to a Marxist or a born again Christian. Faith is stronger than reason.

[joerndinkla]

@derKuntz Your argument is not logical valid. First you make an analogy and say P is kinda like DM. Since DM -> PP, you then conclude P -> PP. This is not a valid logical deduction. And it is not true. See Praxeology or Ludwig von Mises on Wikipedia.

[derKuntz]

This is kinda like dialectical materalism made for businessmen. Political pseudoscience.

[Steve83B]

@nelsonrn She named her cat Carl Menger. I think she's for real.

[Lordanc9]

@nelsonrn If it is the second probability then Unless she is ideologically a statist, or professionally mainstream economist(in which case she wouldn't promote Austrian Economics at any cost), she would wind up being a praxeologist even if its her job. I mean imagine if you had nothing to do with Economics and someone hires you to explain what capital in Capitalism is, wouldn't you be totally intrigued and impressed by it?

[nelsonrn]

The thing that I wonder about is whether she's doing these because she really *does* love praxeology, or if she's doing them because she's an actress. I much prefer the first possibility.

[Vexed34]

This video was immediately gratifying.