definition

def•i•ni•tion n. late 14c., diffinicioun, definicion, “decision, setting of boundaries, determination and stating of the limits and distinctive nature of a thing,” also “limitations,” also “a statement of the meaning of a word or phrase,” from Old French definicion, from Latin definitionem (nominative definitio) “a bounding, a boundary; a limiting, prescribing; a definition, explanation,”

What is Praxeology?

What is Praxeology? Praxeology comes from the Greek; it means the study of deed, or action. It's actually a broad discipline where human action is understood deductively. This leads to conclusions that are a priori, or self-evident. Today, praxeology is most often...

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What is the Golden Mean in Philosophy?

The Golden Mean is a sliding scale for determining what is virtuous. Aristotle believed that being morally good meant striking a balance between two vices. You could have a vice of excess or one of deficiency. This is known as Virtue Ethics. It places the emphasis on...

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What is authoritarianism?

The adjective 'authoritarian' comes from the mid to late 19th century, and simply means, "favoring imposed order over freedom." An authoritarian is someone who believes that freedom is secondary to societal order and that order must come from a person or entity...

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The Problem with Black Market Economics

The term 'black market' has a negative connotation to it. It's often associated with transactions relating to illicit drug use, firearms sales, and prostitution. However, the negative implication of the black market isn't due to its being "unregulated' by the...

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What is a paradigm?

Paradigms are important; they influence how we look at the world. Sometimes they’re correct (more or less) but when they are wrong, they can have lasting and damaging effects for all of us. Here I introduce you to the concept of paradigms and why it’s so important to challenge them.

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Hermeneutics

her·me·neu·tics ˌhərməˈn(y)o͞odiks/ noun noun: hermeneutics the branch of knowledge that deals with interpretation, especially of the Bible or literary texts. a method or theory of interpretation. ... in philosophy The term hermeneutics covers both the first order art...

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