Analysis of Political Philosophy and Political Economy

The author explores the interconnectedness of political philosophy and political economy, emphasizing concepts like taxation theory, expectation theory, and praxeology. The text argues that civilization evolves from the establishment of expectation theory, with law representing a refined form of expectation. Citizens base their actions on a network of "objective" expectations, influencing market systems and welfare. A society rich in expectations allows individuals to prioritize immediate gratification, leading to higher time preferences as they seek to alleviate unease and achieve satisfaction.