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    Austrolibertarianism shortened to Austrobert is libertarian, economically laissez-faire, and culturally variable but usually leaning right. He is rather simply Libertarianism based on the 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...

    While as economic theory, the Austrian School of Economics neither supports nor opposes regulations (merely stating what their effects are), as a political ideology which encompasses economic thought, it opposes market intervention from the state, from either a "value-free approach" (taken by Mises) or an ethical-juridical approach (taken by Rothbard, who criticized the former), believing that markets follow tendencies of auto-regulation, always moving towards equilibrium, though never fully reaching it as the point of equilibrium moves.
    Many followers of it especially stress the damage done by state influence in monetary policies, believing this (manipulation of money supply and interest rates) to be the cause of many economic cycles.

    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 a priori deducted from the "action axiom".

    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, but rather that these claims are useless in order to prove or disprove any claim in the realm of economic theory.

    History

    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 conform 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.[1]

    Methodological   Individualism

    Methodological individualism is the scientific principle that social phenomena are to be explained through the actions of individuals, instead of groups, as the latter can be explained by the former. According to methodological individualists, collectives may only exert influence through the actions of their individual members, and whether or not an action is attributed to the group or to an individual depends on the interpretation of the observer.

    Methodological Subjectivism

    Methodological Subjectivism is the principle that economic phenomena are generally to be explained through the subjective judgements made by different economic actors, taking into account that each one seeks to maximize their utility, usually through maximizing their monetary revenue.

    Tastes and Preferences

    Subjective valuations of goods and services determine the demand for them so that their prices are influenced by (actual and potential) consumers.

    Opportunity Cost

    Opportunity cost is the cost of any activity measured in terms of the value of the next best alternative foregone (that is not chosen). It is the sacrifice related to the second best choice available to someone, or group, who has picked among several mutually exclusive choices.
    Opportunity cost is a key concept in mainstream economics and has been described as expressing "the basic relationship between scarcity and choice". The notion of opportunity cost plays a crucial part in ensuring that resources are used efficiently.

    Marginalism

    Marginalism is an economic theory that states that the value of a determined good is the value of its subjectively least valuable use. Thus, the marginal value (of the next unit of the good in question to be acquired) decreases as most valuable uses for the good are satisfied, or the opposite happens as one's stock of a good decreases.
    Consequently, in all economic designs, the values, costs, revenues, productivity and so on are determined by the significance of the last unit added to or subtracted from the total stock.

    Time Structure

    Decisions to save reflect "time preferences" regarding consumption in the immediate, distant, or indefinite future and investments are made in view of larger outputs (interest) expected to be obtained if more time-taking production processes are undertaken.

    Consumer Sovereignty

    The influence consumers have on the effective demand for goods and services and through the prices which result in free competitive markets, on the production plans of producers and investors, is not merely a hard fact but also an important objective, attainable only by complete avoidance of governmental interference with the markets and of restrictions on the freedom of sellers and buyers to follow their own judgment regarding quantities, qualities and prices of products and services.

    Political Individualism

    Only when individuals are given full economic freedom will it be possible to secure political and moral freedom. Restrictions on economic freedom lead, sooner or later, to an extension of the coercive activities of the state into the political domain, undermining and eventually destroying the essential individual liberties which the capitalistic societies were able to attain in the 19th century.

    Conclusions

    Variants

      Distributist Libertarianism

     
    Template:Blacklink

    Distributist Libertarianism (also known as Southern Distributism) is an economically center-right to right-wing, libertarian and culturally centre-right ideology, advocating for an economic system based on widely-spread property ownership and a society culturally based on Catholic social teachings. Distributist Libertarians do not believe that   laissez-faire Austrian school economics result in an unfair concentration of power, but rather that the vast majority of concentration of power in capitalist economic systems occurs because of state intervention in the economy (for example; Intellectual "Property", Subsidies, Inconsistent Taxation, everything   Keynes advocates for and such).

    How to Draw

     
    Flag of Austrian School

    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", you can also write "trete nicht" or simply "nein" (meaning "do not step" and "no" in German, respectively).
    5. Draw the eyes, and you're done!
    Color Name HEX RGB
    Red #EE2436 238, 36, 54
    White #FFFFFF 255, 255, 255
    Black #141414 20, 20, 20


    Relationships

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

    True Capitalists

    Commie Sympathyzers

    •   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.
    •   Dengism - I love your main personality, although you could get quite annoying sometimes.
    •   Bleeding-Heart Libertarianism - He's okay, a bit too progressive and I disagree with some of his neoclassical economic views.
    •   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."
    •   Austrofascism - My fash twin. Thanks for choosing me as your main economic advisor.
    •   National Capitalism - My beloved son, loves laissez-faire economy. BUT WHY WOULD HATE THE JEWS? JEWS ARE THE BEST AUSTRIAN ECONOMIST!
    •   Reactionary Liberalism - Erik Von Kuehnelt-Leddinh and Vilfredo Pareto are based though you take too many steroids  .
    •   National Democracy - Paleocon, but Polish. Roman Rybarski and Adam Heydel are pretty based at least.
    •   Neoliberalism &   Ordo-Liberalism - Stop granting legitimization to socialism.
    •   Alt-Lite - Some of you are based specially   Naomi Seibt but   Bannon hates me.

    SOCIALISTS!!!1!

    Further Information

    For overlapping political theory see:

      Classical Liberalism  Capitalism  Anarcho-Capitalism  Libertarianism  Hoppeanism  Paleolibertarianism

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