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actor argue argumentation assets assumed Austrian Economics capital capitalist central bank chap claim commodity money competition consumer consumption contract counterfeiting currency demand for money deposit empirical ethic Ethics of Liberty existence exploitation expropriation fact fiat money fiduciary media fractional reserve banking free banking future goal gold Hans-Hermann Hoppe Hayek hence homesteading Human Action idem implies income increase insofar interest investment justified Keynes knowledge labor Libertarian Libertarian Studies logic Ludwig von Mises means Mises Institute Mises’s monetary money substitutes monopolist Murray Murray N natural nomic norms one’s owner particular Paul Lorenzen person physical political possible praxeological preference presupposed principle priori private property problem production property rights proposition protophysics purchasing power rational redistribution regarding Review of Austrian Rothbard rule scarce sciences Selgin and White social state’s taxation theory things tion titles ultimate University Press validity Walter Block wealth York
59 ページ - Though the earth and all inferior creatures be common to all men, yet every man has a property in his own person. This nobody has any right to but himself. The labour of his body, and the work of his hands, we may say, are properly his.
59 ページ - The labour of his body and the work of his hands we may say are properly his. Whatsoever, then, he removes out of the state that Nature hath provided and left it in, he hath mixed his labour with, and joined to it something that is his own, and thereby makes it his property.
59 ページ - For this labour being the unquestionable property of the labourer, no man but he can have a right to what that is once joined to, at least where there is enough, and as good left in common for others.
55 ページ - NOTHING appears more surprising to those who consider human affairs with a philosophical eye, than the easiness with which the many are governed by the few; and the implicit submission, with which men resign their own sentiments and passions to those of their rulers.
61 ページ - ... could then proceed abroad to foreign quarters, without knowledge of their religion, language, or customs, bearing coined wealth upon his person, and would consider himself greatly aggrieved and much surprised at the least interference. But, most important of all, he regarded this state of affairs as normal, certain, and permanent, except in the direction of further improvement, and any deviation from it as aberrant, scandalous, and avoidable.
51 ページ - When a private citizen is robbed, a worthy man is deprived of the fruits of his industry and thrift; when the government is robbed, the worst that happens is that certain rogues and loafers have less money to play with than they had before.
257 ページ - It is with respect to this that practically every individual has some advantage over all others because he possesses unique information of which beneficial use might be made, but of which use can be made only if the decisions depending on it are left to him or are made with his active co-operation.
167 ページ - The fundamental psychological law, upon which we are entitled to depend with great confidence both a priori from our knowledge of human nature and from the detailed facts of experience, is that men are disposed, as a rule and on the average, to increase their consumption as their income increases, but not by as much as the increase in their income.
3 ページ - Mancur Olson, The Logic of Collective Action (Cambridge, Mass.: Harvard University Press, 1965); William A.
324 ページ - Social and economic inequalities are to be arranged so that they are both: (a) to the greatest benefit of the least advantaged, consistent with the just savings principle, and (b) attached to offices and positions open to all under conditions of fair equality of opportunity.