Economic Science and the Austrian Method with Knut Svanholm (WiM390)

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 // Twitter: https://twitter.com/knutsvanholm Website: https://www.knutsvanholm.com/ Audiobook: https://youtube.com/playlist?list=PL4FDF8CB0C43583F1&si=QbCmM_QaNimakuYH// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/NetSuite: https://netsuite.com/whatismoneyiCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/Mind Lab Pro: https://mindlabpro.com/breedloveCrowdHealth: https://www.joincrowdhealth.com/breedloveWasabi Wallet: https://wasabiwallet.io/Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.comCarnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/// 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 // Podcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://vida.page/breedlove22