134. Praxeology in One Lesson with Conza

<p>What is praxeology and why does it matter? In this episode, Conza, chairman of the Libertarian Party of Australia, joins us to discuss the theoretical foundations of economics. He explains why praxeology – the science of human action – provides the value-free framework needed to reason about economic questions, and how its method differs from that of physical sciences such as biology. He and Saifedean discuss how praxeology can be used to analyse topics such as minimum wage, inflation and pandemics, and why the contrasting methods used by quantitative macroeconomists are flawed. They also defend Hoppe&apos;s argumentation ethics: a proof that arguing against the Non-Aggression Principle is logically incoherent.<br/><br/><b>References</b></p><ul><li>Conza on <a href='https://twitter.com/Conza'>Twitter</a>.</li><li>Conza’s <a href='https://conza.tumblr.com/'>blog</a> (where all the best economics quotes live).</li><li>Conza’s <a href='https://www.youtube.com/c/Conza'>YouTube channel</a>.</li><li><a href='https://mises.org.au/'>Website</a> of the Austrian Mises Seminar.</li><li>Mises Wiki article on Mises’ <a href='https://wiki.mises.org/wiki/Regression_theorem'>Regression Theorem</a></li><li>BBC <a href='https://www.bbc.co.uk/news/av/disability-35005168'>video</a> on minimum wage being ‘a hurdle’ for disabled people.</li><li><a href='https://mises.org/library/theory-and-history-interpretation-social-and-economic-evolution'>Theory and History</a> by Ludwig von Mises</li><li>Konrad Graf’s paper on <a href='http://libertarianpapers.org/wp-content/uploads/article/2011/lp-3-19.pdf'>Action-based Jurisprudence</a> (see page 29 for Graf’s proposed model of praxeology).</li><li>Konrad Graf’s <a href='https://www.konradsgraf.com/bitcoin-decrypted'>lectures</a> on bitcoin.</li><li><a href='https://mises.org/library/economic-science-and-austrian-method'>Economic Science and the Austrian Method</a> by Hans-Hermann Hoppe.</li><li>The Beef Initiative <a href='https://beefinitiative.com/'>website</a>.</li><li>For a biography of