Link 26 May 19 notes a response: To An Attempted Refutation»

conza: Epistemology: Hume, Kant, and the Misesian Solution

Kant, in the course of his critique of classical empiricism, in particular that of David Hume, developed the idea that all our propositions can be classified in a two-fold way:

  1. On the one hand they are either analytic or synthetic,
  2. and on the other they are either a priori or a… Read More

aurochz:

If anyone gives a crap, I’ll attempt a refutation of this. I was once a libertarian, but never found their philosophical meanderings very impressive even as a libertarian. If you would like to know why, here is some of the reasons in regards to this post and libertarian philosophy in general.

We’re discussing epistemology. Specifically the status of economic propositions. Austrian Economics technically has nothing to do with libertarianism. Your “critique” is really not off to a good start.

First and foremost the Kantian distinction has been attacked by many modern philosophers, unbeknownst to Hoppe it seems, many people did read and take Kant seriously, only they did so in the negative, none of which is addressed here. Most notably Willfred Sellars and Willard Van Orman Quine attacked both definitions in the “Kantian” dichotomy and Quines at least is generally seen as the best attack on the analytic half of the distinction, if you’re feeling brave and ornery you can try to attempt to refute his propositions regarding this matter here: http://www.ditext.com/quine/quine.html

Hoppe is definitely aware. In fact:

  • “…Lomasky [or aurochz] also has some specific nits to pick. As might be expected from an intimidated low roader, they are either unsystematic cheap shots, or they display a complete miscomprehension of the problem.

    I am criticized for not paying enough attention to Quine, Nozick, and entire bodies of philosophic thought. Maybe so, though Nozick, if only in a footnote as Lomasky notes indignantly, is actually systematically refuted. However, one would like to know why that should have made a difference for my argument. Mere reading suggestions are all too easy to come up with in these times…”
            — Hans-Hermann Hoppe, EEPP, p. 410

Hoppe explicitly indicates “I cannot go in to great detail here to explain how Kant justifies this view.[12] A few remarks will have to suffice.” Why? It’s not the point of the passage and would be a digression as Mises was more interested in economics rather than epistemology, that then is what Hoppe goes onto discuss. Why don’t you instead endeavour to read the source?

  • [12] A brilliant interpretation and justification of Kant’s a prioristic epistemology is to be found in F. Kambartel, Erfahrung und Struktur. Bausteine zu einer Kritik des Empirismus und Formalismus (Frankfurt/M.: 1968), esp. chapter 3; see also Hans-Hermann Hoppe, Handeln und Erkennen (Bern: 1976)

The last note of the excerpt also indicates where further analysis can be found:

Instead of ironically throwing out accusations of ignorance, you should probably read the above which elucidates at length against both Hermeneutics, Empiricism, and the arguments you put forward later in your “critique” which touches upon language and dualism.  More to the point though, all you have read is an excerpt from Economic Science and the Austrian Method. The arguments put forward by Hoppe are not only confined to the text posted. Had you read more widely you might have realized your proposition — the red herring you link to does not address Mises position at all.

In regards to analytical philosophy it is one of the most well known papers of all time. What does it say about Hoppe’s analysis that this wasn’t even mentioned in that regard? I’ll let you decide that.

After I skip over the fact that if the above were true it would cripple the whole mission of Mises in Hoppe in one swoop, there are other problems with this paper.

Quine isn’t addressing Mises solution, “given all that will be necessary for his argument is that the denial of it is self-contradictory. Whether it’s “analytic” or “synthetic” is quite frankly uninteresting. I’d recommend you read Laurence BonJour’s In Defense of Pure Reason as he lays into Quine pretty heavily and has some very interesting arguments on rationalist epistemology’s behalf.” There is also Henry Babcock Veatch’s Two Logics: the Conflict between Classical and Neo-Analytic Philosophy, and Blanshard’s Reason and Analysis.

For one, most people wouldn’t interpret Kant’s synthetic view of math as being an empirical view of math, even with Hoppe’s reaching statements like:

  • “Kant had hinted at this solution. He thought mathematics, for instance, had to be grounded in our knowledge of the meaning of repetition, of repetitive operations.  And he also realized, if only some what vaguely that the principle of causality is implied in our understanding of what it is and means to act.[16]”

Most philosophers write one or two things that go against the general flow of their arguments and intentions. Kant’s view was that despite being Synthetic-apriori math was still a pure body of knowledge that we can predicate truths on.

Fortunately for Kant and not so fortunate for foundationalists in general. He didn’t live to see the day when major contradictions to his view started to slowly but surely come to be true. I have mentioned one, here are a few others:

Euclid’s geometry was destabilized with the advent of non-euclidean Geometry. Thus making our faith in seemingly strong axiomatic truths extremely shakey. A destabilization, that Kant didn’t know about. Something we believed true for over two-thousand years and at that, a fundamental truth, was shown to be wrong. No single piece of knowledge was ever as fundamental in making us have collective doubt as to our ability to make a foundation as this. So I think it is definitely relevant in this regard.

I’m amused that you think you’re striking some kind of blow here.

  • “The whole controversy is, however, meaningless when applied to praxeology. It refers essentially to geometry. Its present state, especially its treatment by logical positivism, has been deeply influenced by the shock that Western philosophy received from the discovery of non-Euclidian geometries. Before Bolyai and Lobachevsky, geometry was, in the eyes of the philosophers, the paragon of perfect science; it was assumed that it provided unshakable certainty forever and for everybody. To proceed also in other branches of knowledge more geometrico was the great ideal of truth-seekers. All traditional epistemological concepts began to totter when the attempts to construct non-Euclidian geometries succeeded.

    Yet praxeology is not geometry. It is the worst of all superstitions to assume that the epistemological characteristics of one branch of knowledge must necessarily be applicable to any other branch. In dealing with the epistemology of the sciences of human action, one must not take one’s cue from geometry, mechanics, or any other science.

    The assumptions of Euclid were once considered as self-evidently true. Present-day epistemology looks upon them as freely chosen postulates, the starting point of a hypothetical chain of reasoning. Whatever this may mean, it has no reference at all to the problems of praxeology.

    The starting point of praxeology is a self-evident truth, the cognition of action, that is, the cognition of the fact that there is such a thing as consciously aiming at ends. There is no use cavilling about these words by referring to philosophical problems that have no bearing upon our problem. The truth of this cognition is as self-evident and as indispensable for the human mind as is the distinction between A and non-A.
    Ludwig von Mises, The Ultimate Foundation of Economic Science, p.5

Text 22 May 12 notes Insider Trading

The last instance of the property-in-value theory we shall discuss are laws prohibiting ‘insider trading.’ The complaint on the part of the advocates of such laws is that the knowledge possessed by someone, when acted upon in a commercial matter, is a violation of the rights of others. Previously we had asserted that ‘no one could act, if everyone owned the value attached to what he regarded as his.’ With insider trading we see a paradigm case of this. The legally established contention here is that a knowledgeable state of mind can convert what would otherwise be a legitimate purchase of stock into an illegitimate one, provided that the information relied upon is not homogeneously spread throughout the population. Since it never is, virtually any commercial activity with regard to stocks and bonds can be deemed unlawful. The situation is indeed worse than that. A rigorous pursuit of the ‘logic’ of insider trading prohibitions could potentially be used to preclude any market transaction.

Did a woman buy an umbrella because she heard a newscast that if would rain tomorrow? Unless everyone turned into the same weather program, and listened as attentively as did she, this would give her an unfair advantage over other people. And what of the person who attended, horrors!, a course on the case and feeding of stocks and bonds? Such studies would surely give the student an ‘inside track’ vis-à-vis those who had not attended the lectures. If the crime of excessive information can be applied to umbrellas and stocks and bonds, it can be applied to anything: to real estate, to amenities, to human capital, to factors of production. Moreover, this doctrine calls into question the acquisition of any knowledge (unless, of course, it is evenly spread throughout the entire world community). Those particularly at risk include doctors, lawyers, economists, college professors, Nobel Prize winners.

          — Hans-Hermann Hoppe and Walter Block

(Source: library.mises.org)

Text 19 May 19 notes Epistemology: Hume, Kant, and the Misesian Solution

Kant, in the course of his critique of classical empiricism, in particular that of David Hume, developed the idea that all our propositions can be classified in a two-fold way:

  1. On the one hand they are either analytic or synthetic,
  2. and on the other they are either a priori or a posteriori.

The meaning of these distinctions is, in short, the following. Propositions are analytic when ever the means of formal logic are sufficient in order to find out whether they are true or not; otherwise propositions are synthetic ones. And propositions are a posteriori whenever observations are necessary in order to establish their truth or at least confirm them. If observations are not necessary then propositions are a priori.

The characteristic mark of Kantian philosophy is the claim that true a priori synthetic propositions exist—and it is because Mises subscribes to this claim that he can be called a Kantian. Synthetic a priori propositions are those whose truth-value can be definitely established, even though in order to do so the means of formal logic are not sufficient (while, of course, necessary) and observations are unnecessary.

According to Kant, mathematics and geometry provide examples of true a priori synthetic propositions. Yet he also thinks that a proposition such as the general principle of causality—i.e.,the statement that there are time-invariantly operating causes, and every event is embedded into a network of such causes—is a true synthetic a priori proposition. I cannot go in to great detail here to explain how Kant justifies this view.[12] A few remarks will have to suffice. First, how is the truth of such propositions derived, if formal logic is not sufficient and observations are unnecessary?

Read More

(Source: library.mises.org)

Video 15 May 5 notes

Hoppe on Austrian Triumph

This is an excerpt where Hoppe talks about how we deal with the supporters of flawed economic and political doctrines, the Thomas Kuhn Theory of History vs. Whig Theory of History, what happened to the Austrians in the 30’s, the Austrian School is a “dangerous school” [to the state & special interests], Austrians can actually talk to real people, and mainstream economics is hopeless.

Quote 14 May 22 notes
One example that Mises liked to use in his class to demonstrate the difference between two fundamental ways of approaching human behavior was in looking at Grand Central Station behavior during rush hour. The “objective” or “truly scientific” behaviorist, he pointed out, would observe the empirical events: e.g., people rushing back and forth, aimlessly at certain predictable times of day. And that is all he would know. But the true student of human action would start from the fact that all human behavior is purposive, and he would see the purpose is to get from home to the train to work in the morning, the opposite at night, etc. It is obvious which one would discover and know more about human behavior, and therefore which one would be the genuine “scientist”.
— Murray N. Rothbard, Preface of Theory and History
Text 13 May 3 notes Monopolies!

“…Moreover, Rothbard refuted every alternative theory as nonsense, nonoperational, or false. It is nonsense, for instance, to define a monopolist as someone who has control over his price (a “price-searcher”). Every businessman has perfect control over his price (and no control at all over the quantity bought at that price by consumers). Hence, under this definition, no one exists who is not a monopolist. Likewise, is it nonsense to define a monopolist as “the only seller of any given good,” for in an objective sense, every seller of every product is always the only seller of his own unique product (brand). Thus, everyone is a monopolist with a one-hundred-percent market share of one’s own product. Yet, this circumstance does not affect in the slightest that each entrepreneur must compete at all times with every other entrepreneur for consumer spending, regardless how unique or different one’s goods may be.

On the other hand, in a subjective sense, no seller of anything can ever be established definitely as a monopolist. According to this interpretation, the term “given good” means “a good as defined by consumers.” Thus, the determination of whether or not the seller of something is its only seller, or of how large his market-share is, depends on the consumers’ definition of what this good is; that is, on their classification of particular physical objects into various groups of homogeneousgoods. Not only can such classifications continually change, but different consumers can classify the same physical objects differently. Hence, in this sense the term monopolist becomes practically useless and non-operational, and all attempts to measure a product’s market share must be considered futile…”

          — Hans-Hermann Hoppe, Economics, Science and Liberty

Text 11 May 10 notes For the aspiring Austro-Libertarian: What to read? #5
I thought I would recommend some of the not so well known but nevertheless  mind-blowing journal articles that should be read by everyone in the movement, especially by those outside it. This is the fifth in a series of many.
This excellent summary geared towards those new to philosophy elucidates what the Austrian School of economic thought actually entails in terms of its methodology, and how the status of its economic propositions differs to those of the mainstream.

True Knowledge from A Priori Theory by Thorsten Polleit

How do we know about the outer world — or reality, for that matter? Where does our knowledge about it come from? The attempt to answer these questions leads to epistemology, the branch of philosophy dealing with the origin, scope, and validity of human knowledge.

In the epistemological debate, there are two archetypal and actually diametrically opposed concepts: empiricism and rationalism. Empiricism claims that sensory experience (observation) is man’s main (or even sole) source of knowledge, while rationalism claims that his knowledge stems from human reason.

Hardly anyone would deny that there is knowledge that comes to us from sensory experience. Take, for instance, the knowledge that water freezes at zero degrees Celsius. It actually takes observation(s) to acquire such knowledge.

However, in the field of science, which formulates knowledge that applies universally, irrespective of time and place, rationalism holds that empirical knowledge gained through sensory experience doesn’t have the same validity as knowledge deduced from reasoning.

Take, for instance, the following two observations… read more.

Quote 8 May 5 notes
After 15 million human beings had perished in the war, the foremost statesmen of the world were assembled to give mankind a new international order and lasting peace… and the British Empires financial expert was amused by the rustic style of the French Prime Ministers footwear.
— Ludwig von Mises on Lord Keynes, Planning for Freedom, p.56
Quote 5 May 13 notes
He who wants to attack a praxeological theorem has to trace it back, step by step, until he reaches a point in which, in the chain of reasoning that resulted in the theorem concerned, a logical error can be unmasked. But if this regressive process of deduction ends at the category of action without having discovered a vicious link in the chain of reasoning, the theorem is fully confirmed. Those positivists who reject such a theorem without having subjected it to this examination are no less foolish than those seventeenth-century astronomers were who refused to look through the telescope that would have shown them that Galileo was right and they were wrong.
— Ludwig von Mises, Ultimate Foundation of Economic Science, p.70
Photo 26 Apr 90 notes gunlovinyank:

lmao

I’m glad to see folks have taken the image and run with it!

gunlovinyank:

lmao

I’m glad to see folks have taken the image and run with it!

Quote 24 Apr 34 notes

The unprecedented success of Keynesianism is due to the fact that it provides an apparent justification for the “deficit spending” policies of contemporary governments. It is the pseudo-philosophy of those who can think of nothing else than to dissipate the capital accumulated by previous generations.

Yet no effusions of authors however brilliant and sophisticated can alter the perennial economic laws. They.. work and take care of themselves. Not-withstanding all the passionate fulminations of the spokesmen of governments, the inevitable consequences of inflationism and expansionism as depicted by the “orthodox” economists are coming to pass. And then, very late indeed, even simple people will discover that Keynes did not teach us how to perform the “miracle… of turning a stone into bread,” but the not at all miraculous procedure of eating the seed corn.

— Ludwig von Mises, Planning for Freedom, p.71
Text 20 Apr 158 notes You know you’re an Austrian when…

  • Your professors generally don’t know what you’re talking about
  • You realize that bathroom lines in stadiums are a result of prices being too low
  • Being in line for anything makes you think of the Soviet Union
  • You extend that analysis to include traffic jams
  • You know the other person’s argument better than the other person
  • You incorporate malinvestment into conversations
  • You get paid, and feel it is utterly worthless because the currency didn’t originate in the market
  • You can pick Stephan Kinsella, Jeffrey Tucker, Peter Klein and Joe Salerno out of a lineup
  • You know Margit von Mises’ pet name for her husband
  • You’re on mises.org at 2:30am
  • You realise markets don’t fail, only governments do
  • You start using terms like “time-preference” in everyday conversations
  • You get annoyed when someone implies that the value of something is not subjective, as in “this house is selling below its true value.”
  • You know what the words a priori, methodenstreit, and verstehen mean
  • You tend to disagree with everyone in a conversation about politics or economics
  • Ron Paul talks about something besides war and still makes sense to you

Read More

(Source: mises.org)

Photo 17 Apr 15 notes 600th Post! This photo pretty much documents the moment that for the first time — me name dropping the Austrian School of Economics into conversation — didn’t get returned with a curious look of puzzlement, but rather with jubilant acknowledgement. It’s slowly entering the public lexicon, even as far away as here in Australia. 

600th Post! This photo pretty much documents the moment that for the first time me name dropping the Austrian School of Economics into conversation — didn’t get returned with a curious look of puzzlement, but rather with jubilant acknowledgement. It’s slowly entering the public lexicon, even as far away as here in Australia. 

Photo 9 Apr 30 notes Henry Hazlitt and Ludwig von Mises at the Gallatin House Seminar sharing a laugh about, what we can only assume to be — at the Keynesians expense.

Henry Hazlitt and Ludwig von Mises at the Gallatin House Seminar sharing a laugh about, what we can only assume to be — at the Keynesians expense.

(Source: facebook.com)

Quote 7 Apr 4 notes
[P]oliticians policies necessarily fail. Without a direct linkage between the subjective value underlying the choices of consumers and the objective prices used by producers and consumers to make economic calculations — without, in short, a free market — waste, corruption and the tyranny of planned chaos inexorably result. No matter what task politicians remove from individuals and arrogate to themselves, they will do it improperly, inefficiently and ineffectively. They are a disgrace to all that is good and true, and their activities constitute an axis of plunder.
— Chris Leither, Evil Princes of Martin Place, p.252

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