Is There A Comprehensive, Integrated, Economic Theory Series Of Textbooks?

I am the author of a macroeconomics textbook – “More Than Laissez-Faire” – and the author of a microeconomics textbook – “The Human Essence of Economics” – and the author of an ethical economics textbook – “Ethical Economics For Today and Tomorrow” – and the author of an economic justice textbook – “Liberty & Justice of Economic Equilibrium”.

While studying economics at Auburn University in the mid 1980’s I discovered Austrian economics and the Ludwig von Mises Institute (I have been a member ever since). My earnest study of classical liberalism continued unabated.

Then in late 2004 I had a dream and in the dream an image of a model appeared. I quickly sketched it out. In the morning I was intrigued by what I had dreamt! Over the next seven years, as an economist technically trained in Austrian economics and classical liberalism, I developed the model at the macro and micro level and then I extended the model further, into the mostly untapped realms of ethics and economic justice.

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Capital Is Part Of The Entrepreneurial Structure.

To examine the structure of entrepreneurship we will combine its form with the price system. If there ever appears to be a lull in entrepreneurial activities – and there happens to be no intervention – it simply means that the market participants have not yet become aware of the opportunities or are not willing to bear the uncertainties that are there. However, competitive entrepreneurship guarantees that the discovery and pursuit of the opportunities is on the near horizon.

Market participants will allocate resources to the investments with the highest present value and then to the next highest, successively, discounting the expected future value. In the real world economy this reckoning of the time horizon is of great importance. In a world like we have nowadays, most production processes are time consuming which means that entrepreneurial profit opportunities typically require capital, so it is that capital is part of the entrepreneurial structure.

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What Do You Mean By Ego And Ego-Driven?

Humans have a dual nature yet it is still directed from the center, the self, the ego. Therefore the ego can be the cause of the development of goodness or it can be the cause of the appearance of negative traits.

‘Ego-driven’ is the pursuit of something that is beyond the sphere of the the self, under the influence of negative traits of the ego. Two good examples are ego-driven intervention and ego-driven interpretation. There is no moral authority for anyone to claim to be able to do either of these yet the ego-driven fool themselves into justifying these immoral and unjust pursuits. What comes to mind as two examples of the negative traits adhered to by the ego to take these actions are ignorance and arrogance.

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Regression Theorem Of Intervention And The Nefarious Metadata!

According to the regression theorem of intervention all initiators of intervention (which basically constitutes crimes against humanity of various degrees of severity) can now ultimately be traced, which means that those crimes can be prosecuted. Once the mirage of the State evaporates when the counterfeit fiat currencies collapse there is a great potential  that exists – that justice will emerge  completely detached from the hapless and ruined State, and then all of this metadata ‘information’ can be used to pin the crimes exactly on the perpetrators!

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Is There Scientific Evidence Of Natural Order?

In the physical sciences a theory can be postulated and then an environment created to test the theory and to prove the theory but even in the physical sciences there are theories that are beyond the ability to create an environment for testing. Then other means are used in parallel, to cross reference, as a way of proving the likelihood of the theory.

 In the human sciences this kind of empiricism is not the appropriate methodology but even if it was it would be way too messy to try to test theories in that way since humans are subjective. Apriorism is part of the subjective methodology and this enables theory to go beyond the here and now.

 With regards natural order, expecting “a single example from history where this presumed natural state of affairs has existed” is way too absolute. There have been numerous relatively-better examples in history that are not just coincidentally compatible with the theory of natural order.

 But if you understand science using the methodology of subjectivism you can prove the validity of the theory by logic and reason which is why it is such a powerful scientific method. Not coincidentally it is a method that acknowledges the greatness of its subject (human beings) and it is a method that leads to theories that advance civilization.

 It is true that there has yet to be a perfect example of a natural order but there has also never been a period or place when human affairs have not been subjected to ego-driven interpretation and ego-driven intervention. Those periods where these influences were relatively less happen to coincide with the periods of relative peacefulness and prosperity, this we know.

To assume that a natural order is not possible (to ignore the contributions made by many great thinkers) is to sell science and religion short, to sell economics and ethics short, and to sell the nobility of the human race short.

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