BEGINNER

Axiom of Human Action

FEBRUARY 21, 2013

Purposeful behavior by humans over economic (scarce) goods. To satisfy our wants and desires, we act. However, not all goals or wants can be satisfied at once. Due to scarcity, humans must choose to attain the goods they prefer while foregoing others.

 

Steven Horwitz - What Austrian Economics IS and What Austrian Economics Is NOT

 

Paul Cwik - The Foundational Difference Between Austrian Economics and the Mainstream

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CURRENT ISSUE

September 2014

For centuries, hierarchical models dominated human organizations. Kings, warlords, and emperors could rally groups--but also oppress them. Non-hierarchical forms of organization, though, are increasingly defining our lives. It's no secret how this shift has benefited out social lives, including dating, and it's becoming more commonplace even in the corporate world. But it has also now come even to organizations bent on domination rather than human flourishing, as the Islamic State shows. If even destructive groups rely on this form of entrepreneurial organization, then hierarchy's time could truly be coming to an end.
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