Reasoning

Because it deals with living, human, systems, (which are self-referencing and self-organizing) economics cannot rely on repeatable empirical experiments. It must use extremely sound reasoning. I will address important aspects of that reasoning in this section of the Fundamentals.

GUIDING IDEAS

The foundation of economic reasoning consists of Guiding Ideas. The links below will take you to pages that will explain these ideas more fully.

PRINCIPLES

Basic premises upon which to base economic theory.

THEORIES

Reasoning based on sound principles that explains past systemic behavior and provides insight into future systemic behavior.

VALUES

Philosophical values that support free markets, beginning with:

  • Life
  • Liberty
  • Property

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