They are not truths. 😅 (Most of them, anyway.)
Discussion
For liberals truth is a product which should be priced in market or at least it could be found in these sub-truths:
1. Free Market
2. Private Property
3. Civil rights & security to protect two above.
4. Tamed Government.
It's like a fairy tale. I feel jealousy about this simplicity somehow.
No, it's not. Where do you get these things?
I did not invent them. Liberals wrote milions of pages about these principles. Is'nt it?
Well, I've read Friedman, Hazlitt, Hayek, Locke and others, and I can assure you that it's not true.
So do you want to say all of them are against all I mentioned?
They don't deal with epistemic theory of truth.
I do know buddy but they deal with the terms I've mentioned as a divine system. It's better to say they built a kind of theological heirarchy. "Invisible hand" is their God, Private property is their temple, Libertarianism is their religion, Govenment is their Satan, and freedom is their savior. Finally Security is their divine law.
Most of the deciples of Austrian Economy are binary-minded; when somebody criticize their cult they lable him as a Marxist or Communist or socialist or the enemy of freedom.
Austrian econ specifically says that value is subjective, there is no prescribed theology or value system. Austrian method of study is praxeology, it's based on deductive logic - actual opposite of faith/religion. If you disagree with any Austrian conclusions, you are free to challenge their logic and provide your own arguments.
I suggest you to read these books.
1. Debt by David Graeber; an anthropological study on debt and economic systems through history. In this book the hypothesis on which Austrian economy is built has been criticized.
2. The Great Transformation by Karl Polani;
It's a politacal economy study that criticize the illusion of commidification of nature and human being as labor. It also has many reasonings to prove free market & market society is an utopian idea not a realistic one or as you say logical.
By studying two above you will be ready to see the big picture. It's so vital for us to read the anti-thesis of each idea.
My to-do/to-read list is too long already, but you are welcome to summarize the key idea(s).
But I don't really trust anthropological studies, I feel like they rely on guesswork too much.
Anyway, the argument is clear: #Free #markets do work and we know the theory behind it - economic calculation and distributed decision making. We also see it in practice: That's how you, for example, got a supercomputer in your pocket. It's also the only moral way, because it's voluntary and peaceful. (Any alternative is by definition based on violence.)
That's basically it. Case closed.