Nov 27, 2019, 9:30 AM
(At least four people are as good at arguing P. There is at least one person better at P than I am. Look at this. It’s flawless.)
by James Krieger
Rothbard & Mises extend Mengerian-subjectivism to escape liability (symmetric risk transfer) & consume commons, restricting legal (via negativa) intervention against asymmetric transfer & the production of moral hazard under the guise of Pareto-efficiency. Thus the libertarian corpus reproduces talmudism in economic prose, & this fact is not lost on even the least scrupulous propertarian analyst.
That said, praxeology (operationalism: catallactic constructability) is necessary as a means of testing possibility, but is insufficient for the construction & maintenance of a political order i.e. matters of law, contract & liability remain undecidable (discretionary). Therefore, Propertarianism advances warrantied-reciprocity as a necessarily means of producing decidability in political economy (law), thereby subjecting transfers to a test against the following series:
… (i) productive
… (ii) fully informed
… (iii) warrantied
… (iv) voluntary
… (v) free of externality of the same criteria
The Libertarian error stems from a fallacy of composition: conflating subjective-valuation as an input in the determination of prices of goods & capital in consumer markets with a sufficient means of maintaining a cooperative order under a division of labor, perception & reproduction. The latter of which requires careful (objective & decidable) deliberation over the optimal allocation of violence in pursuit of defense & indemnity against imposition of costs.