Monday, September 16, 2013

Two Human Virtues Resolve The Intellectual Property Issue.

Humility is one of the solutions to intellectual property: Ideas are drawn from the invisible and made visible. In other words the source is the first, not the latter. Since the source is invisible and incomprehensible it cannot be designated as mine or thine.

Another solution is magnanimity!

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Saturday, August 10, 2013

Ludwig von Mises Implies That Ethics And Economics Are Inseparable.

“Acting man is always concerned both with "material" and "ideal" things. He chooses between various alternatives, no matter whether they are to be classified as material or ideal. In the actual scales of value material and ideal things are jumbled together. Even if it were feasible to draw a sharp line between material and ideal concerns, one must realize that every concrete action either aims at the realization both of material and ideal ends or is the outcome of a choice between something material and something ideal.

Whether it is possible to separate neatly those actions which aim at the satisfaction of needs exclusively conditioned by man's physiological constitution from other "higher" needs can be left undecided. But we must not overlook the fact that in reality no food is valued solely for its nutritive power and no garment or house solely for the protection it affords against cold weather and rain. It cannot be denied that the demand for goods is widely influenced by metaphysical, religious, and ethical considerations, by aesthetic value judgments, by customs, habits, prejudices, tradition, changing fashions, and many other things. To an economist who would try to restrict his investigations to "material" aspects only, the subject matter of inquiry vanishes as soon as he wants to catch it.”

Ludwig von Mises, Human Action, Fourth Revised Edition (San Francisco: Fox & Wilkes, 1996), pp. 233-4.

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Thursday, June 27, 2013

Is Self-Regulation Effective?

Since the unhampered free market is what optimizes the flow of knowledge, part of that knowledge is related to how to improve social cooperation which then leads to a positive evolution of ethics. And as ethics advances, the strength and universality of self-regulation becomes better and better.

That is why the ultimate objective needs to be to educate the people of the world about the divine economy theory since it proves scientifically that the unhampered free market optimizes the flow of knowledge.

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Friday, June 21, 2013

What Does The Equality Of Men And Women Have To Do With Capital?

Let's dissect the following description of capital:
"Capital is about the interaction of humans with time. The human potential is very great and when an effort is made to explore and discover and nurture that potential by making some immediate sacrifice then capital is part of that human endeavor.

It is a natural and vital part of the human operating system."

The human potential is very great and when the full potentials of women are added to the full potentials of men the emergence of this unfathomable capital will be unbelievably transformative to the economy and to civilization.

Additionally the subjective perspectives of women will add a great new dimension to the capital. For example the subjective valuation of the time horizon varies among individuals but also between men and women because of their gender-related different perspectives. This is bound to have an impact on capital and the structure of capital.

Considering the present, overall repressed condition of humankind this improvement and releasing of human potential will create a great influx of new capital!

Ponder this:

"New capital advances productivity and then the development process begins."
In other words, the well-being of humanity - its glory - is dependent on the equality of men and women and on their capital.

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Friday, May 3, 2013

Human Action - The Economic Sine Qua Non.

What is essentially human and what is essentially economic? The first part of the question traces back to natural law and from natural law the building blocks of economics were laid.

The closest resemblance to reality, however, along these lines of inquiry took place within the parameters of classical liberalism which combined the science of Aristotlean logic with the ethics of religious faith.

Concurrently what occurred historically was a deviation from apriori logic towards empirical observation and a deviation from apriori ethics towards moral relativism. This alternative view of the human reality and of economics played nicely into the hands of the State as it emerged during the epoch of nation-building (that had gone astray).

The science that fully embraces natural law logically recognizes the subjective nature of humans. This is Aristotlean. The science that embraces the ethics of religious faith essentially recognizes the spiritual nature of humans. This is the modern extension of classical liberalism and is known as the divine economy theory.

There is perfect compatibility and reciprocity and symmetry between human action and the economy and there can be no denying that without humans there is no such thing as the economy! Humans are unique creatures; subjective and possessing unique physical, intellectual and spiritual features and qualities.

How can all this be summarized? How is human action the economic sine qua non?

Human action is all-powerful. God is All Powerful. We are created in His Image.

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Thursday, March 28, 2013

Optimizing Ethics And Economics!


The flow of knowledge is at its optimal in an unhampered free market (divine economy) and the development and evolution of ethics is at is optimal in an unhampered free market (divine economy); and savings is optimal (function of time preference associated with peace and prosperity) and capital is directed optimally by ethically evolving individuals who are exercising their entrepreneurial spirit in a world where knowledge is flowing at its optimal.
If this doesn't solve any of the issues that you can think of - then it is for certain - that less optimal means will not either!
If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:

Sunday, March 24, 2013

Laissez-Faire Is Ethical Economics!

What precipitated this blog entry was this "The Only Fair Is Laissez-Faire."

A narrow mindset associates laissez-faire only with economics. And there is also a narrow mindset within economics that insists that the realm of ethics has to be kept separate. The consequence of such a mindset is a small understanding of something that is monumental.

This can also be seen in religion where something monumental is made into something small and very limited. The literalists - those who have constricted meaning into some small ego-driven interpretation - miss out on a great deal of the potential magnificence and probably end up influencing others, causing them to miss out too. Such a narrow mindset in economics is one of the reasons we are living in the Dark Ages of economics.

Why is laissez-faire "the only fair"? Of course without compulsion the choices made are voluntary; which is fair. But what also happens is the dynamics within a voluntary, non-coercive civilization is conducive to the natural evolution of ethics. And so not only are the voluntary choices in laissez-faire perceived as fair (and actually are) but the ability to ascertain what constitutes fairness is also evolving. Consequently, understanding of fairness is continually being refined and its expression within a laissez-faire framework advances civilization.

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Saturday, January 26, 2013

Voluntary Social Cooperation Is Part Of Natural Law.

Civilization advances best when knowledge flows optimally. Of course there is never perfect knowledge nor is there uniformity of understanding of the knowledge, both because of human differences but also because other factors, since humans are not omnipresent or omniscient. That said, when the flow of knowledge is optimal the development of individuals and of society has great potential to be tremendously transforming. I can suggest at this point that it is virtually impossible for us to envision the possibilities. We have a difficult enough time to even envision the beauty of an unhampered market economy.

But when individuals and societies (and therefore civilization) can freely enjoy the bounty of the optimal flow of knowledge the ethics advances too. This combination of higher and higher powers of the investigation of truth combined with ethical maturation will be a great leap forward in the process of discovering laws. I am sure more natural laws will be discovered and these will be understood more intricately but the enigma that is pretty much understood only at an infantile level now - the human spirit, that is, the associated laws of human action and human reality - will be discovered.
These are the laws that will be discovered and voluntarily inculcated by all. Since these laws will be of a universal nature and fully attuned to the spiritual reality of humans, the voluntary social cooperation - to degrees that we cannot yet envision - will be understood as part of natural law.
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Tuesday, January 8, 2013

Of Course Ethics And Economics Are Inseparable!

Look at any society and you will see certain characteristics and there will be certain patterns of life. For the lack of a better term we can call these characteristics and these patterns the culture of that society.

One characteristic that has economic implications is time preference. There are many different reasons that contribute to the time preference tendencies in a society, for example, war and inflation tend to increase the time preferences.

The time preference is a significant determinant of the amount of savings and the amount of savings represents potential loanable funds. At this point in the sequence a monumental segue occurs. The most limiting factor in the economy is capital and this is what the loanable funds convert into and then the transformation throughout the economy is activated.

In other words, the most limiting factor in the economy and that which activates the power of transformation is connected and linked to the cultural time preferences.

No one ever did nor will they ever claim that ethics is not a part of a culture. And now it is clear and evident that attempts to separate ethics and economics are unrealistic. Hence, science that separates ethics and economics is unrealistic. The proof can be seen all around us as the bad fruits of living in the Dark Ages of economics.

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Saturday, January 5, 2013

Ethics, Rationality, And Subjectivity In An Imperfect World.

There is no pretend world where ethics and rationality and subjectivity can be surgerically separated and treated as separate phenomena and from which can then be gleaned something 'scientific.' These are interwoven and cannot be empiricized; but that does not mean that they cannot be studied scientifically or that science cannot advance. The first step is to adopt the scientific methodology that is capable of exploring these without any fictitious assumptions. The methodology of subjectivism allows the realism to remain in tact and uses logic to unravel mysteries.

Ethics is never perfect but it is relative and so it can be good or bad. There is a dynamic interaction of ethics with that of the imperfect world and both affect each other. The ideal environment for the dynamic processes to work together is when information flows in an optimal fashion which can only be achieved in an unhampered market economy.

And so ethics changes over time based on what is happening in the real world. The human minds in the world are focused on perceiving what is going on and figuring out how to respond. This is the rational mind at work.

In an inseparable manner the ethics of each individual is part of the filtering process that is going on during the perception and during the decision-making and this is specific to each individual. This subjectivity plays a role in the rational decisions made, with the outcome being reflected as a whole and becoming manifest as the imperfect world.

In an unhampered market economy social cooperation moves everything towards a higher degree of ethics because rationality is given greater clarity and because subjectivity is at a relatively mature level resulting from the last advancement of ethics. Sure the world is imperfect but each period is an improvement on the last because of the operation of the rational minds and the maturing subjectivity resulting from an advancing ethics.

Of course this is contingent on the flow of information which is optimized in an unhampered market economy. This is the process that necessarily occurs, according to the divine economy theory, if all ego-driven intervention is stopped.

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If you know of anyone interested in ethics and economics,
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