@Breedlove22@JasonPLowery Straight out of the bat; 1st principles approach to human action does NOT = applying physics to it. At all. Positivist/empiricist/unscientific/scientistic *nonsense*.
So not a 1st principles approach at all. Epistemologically wrong from the get to!
Holy shit, tell me you don't know anything about #praxeology (LOGIC & SCIENCE OF HUMAN ACTION) in one sentence & that is what you'd say.
Only 6min & the methodological approach is already clearly an unassailable fail β.
@Breedlove22@JasonPLowery Giving the benefit of the d re: "no constants" BL indicates this but doesn't grok that its no: "constant relations between various magnitudes". Image 1 indicates the 'constant'.
Lowery's comments showcases his profound ignorance of the Austrian School (i.e. economics proper).