#value free

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[conza]

The major function of praxeology... is to bring to the world the knowledge of these indirect, these hidden, consequences of the different forms of human action. The hidden order, harmony, and efficiency of the voluntary free market, the hidden disorder, conflict, and gross inefficiency of coercion and intervention—these are the great truths that economic science, through deductive analysis from self-evident axioms, reveals to us... Praxeology, through its Wertfrei laws, informs us that the workings of the voluntary principle and of the free market lead inexorably to freedom, prosperity, harmony, efficiency, and order; while coercion and government intervention lead inexorably to hegemony, conflict, exploitation of man by man, inefficiency, poverty, and chaos. At this point, praxeology retires from the scene; and it is up to the citizen—the ethicist—to choose his political course according to the values that he holds dear.

Murray Rothbard, Man, Economy & State w/ Power & Market, p. 1025

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Jim Green is an entrepreneur and bestselling author with an ever-growing string upon niche non-fiction titles to his credit. http:\\free-stuff-xl.com <\p>

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Thymology

Thymology has no special relation to praxeology and economics.  The very act of valuing is a thymological phenomenon. But praxeology and economics do not deal with the thymological aspects of valuation. Their theme is acting in accordance with the choices made by the actor. The concrete choice is an offshoot of valuing. But praxeology is not concerned with the events which within a man's soul or mind or brain produce a definite decision between an A and a B.

It takes it for granted that the nature of the universe enjoins upon man choosing between incompatible ends. Its subject is not the content of these acts of choosing but what results from them: action. It does not care about what a man chooses but about the fact that he chooses and acts in compliance with a choice made. It is neutral with regard to the factors that determine the choice and does not arrogate to itself the competence to examine, to revise, or to correct judgments of value. It is wertfrei [value-free].

Why one man chooses water and another man wine is a thymological (or, in the traditional terminology, psychological) problem. But it is of no concern to praxeology and economics. (TH III. 12. 2.)

          — Ludwig von Mises, Theory & History