Cyber Seagull on Nostr: Nope. In the austrian school from which you are borrowing the term "praxeology" ...
Nope. In the austrian school from which you are borrowing the term "praxeology" demand also known as "human needs" and "wants" knows no end. It is not a scarce thing. Human action *are* limited
"Meeting demand" and all the steps leading up to it, are human action.
Even in the gaussian flavor economic analysis (purchase and sale patterns as rivers of activity) the upper bound for demand is necessarily open ended. It uses transforms based on historical data, but in reality the demand for any given good is infinite.
Attempting to say demand is limited by production or potential production or even the finite amount of resources on earth, is to at once run up against the economic calculation problem aswell as to place a limit on something that is not limited. Human wants.
Published at
2024-06-05 13:20:09Event JSON
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"content": "Nope. In the austrian school from which you are borrowing the term \"praxeology\" demand also known as \"human needs\" and \"wants\" knows no end. It is not a scarce thing. Human action *are* limited\n \"Meeting demand\" and all the steps leading up to it, are human action.\n\nEven in the gaussian flavor economic analysis (purchase and sale patterns as rivers of activity) the upper bound for demand is necessarily open ended. It uses transforms based on historical data, but in reality the demand for any given good is infinite. \n\nAttempting to say demand is limited by production or potential production or even the finite amount of resources on earth, is to at once run up against the economic calculation problem aswell as to place a limit on something that is not limited. Human wants. ",
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