I’ve grown more and more fond of this phrase as of lately. In accordance with it, my topics of inspiration seem to be broad and far reaching, here are some samples.
The following were drafted as breif exploration excercises in Austrian Theory of the Market Process I, last semester:
When you watch any production process take place it’s probably difficult to recognize the final product from its original stages. These documents have already been hacked and reformed into new more clarified topics many times over since they were first written. I hope for them to someday serve as a point of comparison to those later stage final products, and see what comes out of that comparison.
Exploration 1: is a bit of a rant about my first impressions which developed upon reading Lachmann and Mises on equilibrium theory. In trying to make sense of their similarities and differences, I think I accidentally gained a clearer understanding of the role that hypothetical constructions play in the methodology of the Austrian tradition. The sections from Mises that are quoted in this document I still think are some of the most critical in all of Human Action.
Exploration 2: was first drafted as an attempt to serve as a section of my paper on cyber-crime. I have a full draft of this paper but am unsatisfied with it. Which is to say, I’m even more unsatisfied with this page set. But thanks to what I consider to be these two failures of expression I have clarified what I consider to be my major concern in regards to the issue of ex-ante v. ex-post justice mechanisms (and it is as follows).
A lock on a door is an example of an ex-ante mechanism. It is a precautionary measure taken before crime takes place. In terms of cost-benefit calculation that is performed by would-be criminals, good criminals are less affected than bad criminals. If I have a comparative advantage at picking locks, the next best lock might not be as much of a cost to me as it is to you. A detective is an ex-post mechanism. After a crime has taken place, detectives are used to seek out and determine who the criminal was. If the next best Sherlock Holmes hits the market this is felt as an equal disincentive amongst all would-be criminals.
Exploration 3: might cause a lot of readers a headache. I definitely think I have something interesting with this piece, but it will take a lot more of writing as thinking to get it straight. As for now a quote from Hayek encapsulates the way I think of this piece. “I have always regarded myself as a living refutation of the contention that all thinking takes place in words or generally in language. I am as certain as I can be that I have often been aware of having the answer to a problem-of ‘seeing’ it before me-long before I could express it in words. Indeed a sort of visual imagination, of symbolic abstract patterns rather then representational pictures, probably played a bigger role in my mental process than words(Hayek on Hayek, pp 135-6).”