The Concept of Money

Knut Svanholm joins me to explore the excellent book "Economic Science and the Austrian Method" by Hans-Hermann Hoppe. In this episode, we discuss why the axiom of action is irrefutable, and rationalism vs empiricism. 

Knut Svanholm is an author, former tall ship sailor, singer, and crew manager at an offshore shipping company. He is the co-host of the Freedom Footprint Show. 

// GUEST // 
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Website: https://www.knutsvanholm.com/ 
Audiobook: https://youtube.com/playlist?list=PL4FDF8CB0C43583F1&si=QbCmM_QaNimakuYH

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// OUTLINE // 
00:00:00 - Coming up 
00:00:24 - Intro 
00:01:57 - Helping Lightning Startups with In Wolf's Clothing 
00:02:43 - Introduction to the Book 
00:05:16 - Economic Theory vs. Economic History 
00:08:57 - Theory and Logical Deduction 
00:12:01 - Testing of Economic Propositions 
00:15:03 - Empiricism and Absolute Truth 
00:18:18 - Why Austrian Economics Don't Need Empirical Testing 
00:20:07 - Run Your Business from Anywhere with NetSuite 
00:21:12 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 
00:22:09 - Action Bridges Subjective and the Objective 
00:25:36 - The Domain of Transjectivity and Relevance 
00:29:28 - Causality is a Category of Action 
00:31:25 - The Axiom of Action 
00:35:50 - Choosing a Primary Course of Action 
00:37:58 - Profits of Consensual and Voluntary Exchange 
00:42:18 - Action Based on Priority and Ordinal Value 
00:44:16 - Money and Price 
00:47:56 - Valuation, Price Prediction and Marginalism 
00:50:30 - Enhance Your Brain Power with Mind Lab Pro 
00:51:36 - Take Control of Your Healthcare with CrowdHealth 
00:52:38 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 
00:53:30 - Why Axiom of Action is Irrefutable 
00:59:37 - Empirical Proposition vs. Analytical Knowledge 
01:04:45 - The Sun and the Earth Example 
01:08:46 - Self-contradiction of Empiricism 
01:11:43 - Where to Find Knut on the Internet

// PODCAST // 
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