Austrian School

Austrolibertarianism shortened to Austrobert is libertarian, economically laissez-faire, and culturally neutral but usually leaning right. He is rather simple, Libertarianism which is based on Austrian School Economics. It is highly influenced by Menger's Marginal Utility Theory, Mises' Praxeology and Socialist Economic Calculation Problem, the Austrian Business Cycle, etc...

It opposes basically all market regulations, believing that markets follow an auto-regulatory principle which leads to perfect competition and equilibrium prices. It also adds specific aim at monetary theory; opposing state influence in monetary policies; anti-empiricism on economic theory, economic cycles, etc...

It believes that economics studies can't be done by empirical methods due to it being a social science and not a hard science, making precise economic measurements completely impossible and thus economics theory can only be studied based and on a priori knowledge.

This, however, does not mean that it completely rejects empiricism on the area of economics. It makes a distinction between economic theory and economic history, believing that it is perfectly possible to accurately back claims about economic history with empirical evidence.

Tenets
The Austrian-American economist Fritz Machlup has distinguished six general principles which distinguish the methodology of the Austrian school of economics, as well as two additional principles which together with the methodological principles inform the politics of Austrolibertarianism. With the former being: methodological individualism, methodological subjectivism, tastes and preferences, opportunity costs, marginalism and time structure of production and consumption; and the latter being consumer sovereignty and political individualism.

Methodological Individualism
Methodological individualism is the principle that social phenomena are generally to be explained through the actions of individuals instead of groups. According to methodological individualists collectives may only exert influence through the actions of their individual members.

Methodological Subjectivism
Methodological Subjectivism is the principle that economic phenomena are generally to be explained through the subjective judgements made by parties involved.

Tastes and Preferences
W.I.P.

Opportunity Cost
W.I.P.

Marginalism
Marginalism is an economic theory that states that the value of products and services changes as their relative significance as compared with the total decreases.

Time Structure
W.I.P.

Consumer Sovereignty
W.I.P.

Political Individualism
Austrolibertarism believes that government should very rarely, if ever, intervene in people's lives, the free-market, other countries, and civil liberties unless if the NAP is violated.

How to Draw
Austrobert's design is a combination of the Austrian and Gadsden flags
 * 1) Draw a ball,
 * 2) Draw 3 bars, the top and bottom ones red (#EE2436), and the middle one white (#FFFFFF),
 * 3) Draw in black (#141414) a snake,
 * 4) (Optional) Below the snake draw some variation of the words "no step on snek" or "don't tread on me",
 * 5) Draw the eyes, and you're done!

As a Character
Austrobert's behavior is based on one of the stereotype of Mises, calling everyone a Socialist (Even Friedmanite-style Libertarians or even Hayekians.)

Friends

 * [[File:Hayek.png]] Hayekism - My son and a fellow Austrian.
 * [[File:Paleolib.png]] Paleolibertarianism - Like me, but a bit more traditional.
 * [[File:Ancapf.png]] Anarcho-Capitalism - Rothbardian Ancap, very based indeed.
 * [[File:Libertarian.png]] Libertarianism - He's fun to hang out with, he needs to read some Mises.
 * [[File:Chilib.png]] Chicagoan Libertarianism - We agree on most of the things and want to get to the almost the same results, but we disagree on the way to analyze the economy and some instances of monetary policies.

Frienemies

 * [[File:Hoppef.png]] Hoppeanism - While we agree economically, he is way too extreme on social issues and sometimes gives the school a bad name.
 * [[File:Plcn2.png]] Paleoconservatism - He used to be a cool guy back in the day, but now he's a protectionist that doesn't value free trade, also too statist.
 * [[File:Bhl.png]] Bleeding-Heart Libertarianism - He's okay, a bit too progressive and I disagree with some of his neoclassical economic views.
 * [[File:Fash.png]] Fascism - "It cannot be denied that Fascism and similar movements aiming at the establishment of dictatorships are full of the best intentions and that their intervention has, for the moment, saved European civilization. The merit that Fascism has thereby won for itself will live on eternally in history. But though its policy has brought salvation for the moment, it is not of the kind which could promise continued success. Fascism was an emergency makeshift. To view it as something more would be a fatal error."
 * [[File:Pinochet.png]] Pinochetism - HAHA COMMIE HELICOPTER! But please stop being so authoritarian

Enemies

 * [[File:Dsa.png]] Democratic Socialism - He is corrupting modern day politics with this socialist bullshit.
 * [[File:Keynes.png]] Keynesianism - I cannot stand him, he doesn't understand simple economics! End the fed.
 * [[File:Nazi.png]] National Socialism - I hate this statist fuck, the best Austrian economists are jews, and he hates us!
 * [[File:ML.png]] Marxism–Leninism - Commie and statist. No thanks.
 * [[File:Corp.png]] Corporatocracy - Companies being dominant as an ideology is hell.

Further Information
For overlapping political theory see: Classical Liberalism • Capitalism •  Anarcho-Capitalism •  Libertarianism  •  Hoppeanism •  Paleolibertarianism

Literature

 * Human Action by [[File:Clib.png]] Ludwig Von Mises
 * Economic Calculation Problem in the Socialist Commonwealth by [[File:Clib.png]] Ludwig Von Mises
 * Economic Science and the Austrian Method by [[File:Hoppef.png]] Hans Hermann Hoppe
 * Individualism and the Economic Order by [[File:Hayek.png]] Friedrich August Von Hayek
 * What Has Government Done to Our Money? by [[File:Ancapf.png]] Murray N. Rothbard
 * Capital and Interest by Eugen Von Bohm-Bawerk
 * Principles of Economics by Carl Menger
 * The Forgotten Greatness of Rothbard's Preface to Theory and Historyby George Pickering

Wikipedia

 * Austrian School
 * Category: Austrian School
 * Right-Libertarianism
 * Methodological individualism
 * Austrian business cycle theory

Videos

 * Masters of Austrian Economics by The Academic Agent
 * Austrian Econ Basics by Anglo Libertarian
 * Human Action by Fundacja Wolności i Przedsiębiorczości

Online Communities

 * r/Austrian_Economics
 * r/NewAustrianSociety
 * Mises Wiki