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Understanding the Action Axiom: How It Shapes the Structure of Societymises.org/mises-wire/understanding-action-axiom-how-it-shapes-structure-society
173 sats \ 3 comments \ @Undisciplined 2 Oct econ
By Allen Gindler "Central to the paradigm of Austrian economics is the action axiom. People act, and they act purposefully. That knowledge alone permits us to construct an entire set of theories that explains economic life."
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26 sats \ 2 replies \ @Satosora 2 Oct
"Humans act purposefully to achieve their desired ends. This means that every action we take is driven by a reason, a goal we’re trying to achieve." I can agree with this, people will do what is in their best interest.
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20 sats \ 1 reply \ @Undisciplined OP 2 Oct
Even when "their best interest" includes what they see as being in the best interests of others.
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23 sats \ 0 replies \ @Satosora 2 Oct
Well, best interest that is their interest.
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