No idea what your comment means. The Austrians begin by looking at the individual. Only individuals can ascribe value to things. Nature does not know that an apple or a house has value - only people do. Individuals thus are the drivers of the economy. Furthermore trying to model the economy and predict the future is a fool's errand - the amount of variables are too complex, and macroeconomics as a discipline is no better than guessing.
Individuals are motivated primarily by self-interest. Within a family people are strongly charitable, within a neighborhood (tribe) somewhat helpful, and beyond that altruism cannot be relied on to power the system forwards. Any system that relies on people to be altruistic to strangers is doomed to failure. Instead, you should create systems where people, by acting in their own self interest, help the larger society.
Capitalism is emergent phenomena - where you ban markets, they spring up organically. This occurs even in the most socialist / communist systems such as Cuba and North Korea. Markets allow people to agree voluntarily to prices based on their own subjective opinions of value.
Within any society that isn't forcing everyone to be perfectly equal by threat of death, differences in wealth naturally emerge. Over time they become pronounced. It is impossible to end inequality without coercion - some people naturally value their leisure time over being productive, and it is unfair to coerce someone to artificially reduce their productivity. There is no such thing as economic equality in any meaningful sense, only equality under the law.
Individuals are motivated primarily by self-interest. Within a family people are strongly charitable, within a neighborhood (tribe) somewhat helpful, and beyond that altruism cannot be relied on to power the system forwards. Any system that relies on people to be altruistic to strangers is doomed to failure. Instead, you should create systems where people, by acting in their own self interest, help the larger society.
Capitalism is emergent phenomena - where you ban markets, they spring up organically. This occurs even in the most socialist / communist systems such as Cuba and North Korea. Markets allow people to agree voluntarily to prices based on their own subjective opinions of value.
Within any society that isn't forcing everyone to be perfectly equal by threat of death, differences in wealth naturally emerge. Over time they become pronounced. It is impossible to end inequality without coercion - some people naturally value their leisure time over being productive, and it is unfair to coerce someone to artificially reduce their productivity. There is no such thing as economic equality in any meaningful sense, only equality under the law.