Praxeology: The Method of Economics | David Gordon
https://www.youtube.com/watch?v=pGAU-hfepfQ
Bernie's still there. In the same seat. Looks like he's scrolling his Twitter feed. I'll have to get my seeing eye dog to be sure.
***Gotta take this up later. Mr A poured me a wine.
****
David Gordon - Low Talker
Praxeology. Human action, based on the notion that humans engage in purposeful behavior.
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Action - not thoughts but physical action. However, you can act without moving your body. For example, one can vote by remaining seated (@TheTexan will love that). You haven't physically moved but you have performed an action - voting.
Two minute word salad. I probably missed something important.
Deduction.
*makes me think about Sherlock Holmes which makes me think about pipes which makes me think about smoking something*
I'm relieved to find out I won't need mathematical logic. Praxeology is about material deduction.
*Yay! I don't think I took math logic. I vaguely remember some algebra in college. My fondest math memory is my dad being proud that I didn't have to take remedial math.
Only considering the alternatives an actor is considering at a particular moment.
*before I go on I'm going to show a true example in my life right now and see if I've got it*
Suzxeology
I'm out of carrots. I like carrots on my salad but I don't like them any other way. I have to run errands today. Where am I going to buy my carrots? I have to go to Aldis and Sams but Kroger has my favorite salad carrots. Here are my carrot buying preferences...
1. Kroger (they have small bags of matchstick carrots - precut the way I like for salad. AT THIS MOMENT, I plan on making a special stop at Kroger just for salad carrots)
2. Aldi (no matchstick carrots but they do come in a small bag. I will cut them in a pinch)
3. Sams (big ass bag of carrots. I would only buy these in a carrot emergency)
So, at
this moment, I plan on buying matchstick carrots at Kroger.
Wow, okay. He says, you will always choose your highest valued preference. He noted that some philosophers disagree and I was starting to, as well BUT after thinking about my carrot situation, I realized, he's right.
I will
always choose my highest valued preference.
For example, my highest carrot preference is sold only at Kroger but Kroger's shitty produce staff doesn't keep them well stocked. I'm always a little stressed about whether they're going to be in stock and since Kroger is my last stop, if they're out, I'm still outta carrots. Plus, my Kroger is very busy, the parking lot sucks, and it's a lot of headache for a bag of carrots. It's also my last stop before home. Sometimes, I will be in Aldis (second to last stop) and just buy salad carrots there because I just don't have it in me to deal with Kroger drama. Plus, my nephew works there and there's always the chance I'm going to run into him and there's going to be a conversation, an invite for dinner and a swim, and introductions to his coworkers. That's a lot to go through for a bag of matchstick carrots.
In conclusion, I'm not actually setting for second choice when I buy Aldi carrots. When I'm fatigued, my preferences changed. I'm at Aldis looking at those carrots thinking, Do I really feel like dealing with Kroger for a little bag of carrots or do I just want to get home and do something fun?
I have to take a shower and get dressed to go run my errands. I'm going to think about my highest valued preferences at any given moment and see how they change.
****To be continued****
Unsurprisingly, my highest valued preference on a swampy afternoon is a cold beer. I took my son to get his glasses and we decided I needed a cold beer and he needed a fish fry. I didn't get carrots. I didn't even think about the damn carrots.
Tried listening to the rest of the lecture several times today but my fans drown out his voice. It's too damn hot to turn off the fans. I sit outside. I get too cold in ac and Mr A has threatened to put a lock box on the thermostat so I just stay outside. When he comes home, I put on my sweats and socks so I can sit inside with him. I'm going to have to find some headphones. I don't want to flunk out of Mises U because I can't hear.
***I'm up at this ungodly hour because I ate too much yesterday and passed out on the sofa. Mr A just left my fat ass there to sleep off my food hangover, lol. Anyway, it's cool out this morning so I'm going try to finish this lecture.
Here goes...
Economics doesn't judge your choices.
HAHA, he used an example of someone devoting their life to eating as much ice cream as he possibly can. Now,
that's a True Calling. I ate as much as I possibly could yesterday and I can tell ya, I am hurting but I have NO REGERTS. (I spell that right.) I'm happy to know Economics isn't judging me because Mr A sure is.
Praxeology doesn't say I'm a cow, it just says I chose to eat in one day more than I normally consume in a week because it was free. FREE crab claws, big ass shrimp, prime rib, Sublime donuts, booze - I would've thought I'd died and gone to Heaven if they'd had a smoking section. I like to have a smoke when I'm drinking. Smokers are very generous. I don't buy cigarettes. I just go to smoking sections and bum them.
Praxeology doesn't say I'm a Cigarette Hobo, it just says if you give me a free cigarette, I'll smoke it.
**Dave Gordon is standing a bit to the right of the mic. For the love of God, would someone go up there and put the mic in front of him or give him a bullhorn. Something. I'm dying here. The crickets are drowning him out.**
Aw, bless his heart, I feel his pain. He made a joke and no one laughed. He said, what's worse than no one laughing at my joke is when they laugh when I'm making a serious comment. That happens to me a lot.
In human action there aren't any constants. There aren't any things that can be measured.
Only individuals act but that doesn't mean you can't say, The US declared War on Japan.
Truth.
In praxeology, we do know things.
David Gordon sounds excited for lunch.
My grade: C I get it but I missed some parts. I'm pretty sure I could do better if I got to have lunch with him.
<---I don't care what Bryan says, that's a cupcake emoji.
