Introduction
- Purpose and scope of the course
- Identification of the crises confronting us
- The alternatives for civilization and the consequences to be expected
- The inadequacy of present techniques to cope with the crises
- The new approach to freedom
- The first few fundamental definitions and the importance of semantic precision in effective
communication
- Identification of the path to be taken to achieve genuine solutions to problems
- Relationship of the Institute and this course to these problems and their
solutions
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How do you know you are right?
- The requirement for absolute standards of rightness
- Examples of relative and absolute rightness
- The success in achieving absolute standards in the physical sciences and the failure
to do so in the "social sciences"
- Identification of absolute rightness in the physical sciences
- The scientific method and its application to physical science
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The third science
- Identification of absolute rightness in the physical sciences (cont’d).
- Reason for failure, thus far, to extend absolute rightness to the social domain
- How to overcome this successfully
- The establishment of a new science of volition
- Its relationship to the other (first two) sciences
- The two basic postulates
- Examples and applications
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The basis of society
Part A: The historical basis of society
- Why all societies in history have failed to survive
- The common basis of their destruction
- Why they cannot survive without additional knowledge
Part B: The natural basis of society
- The nature of a moral and rational society
- The durability of such a society
- Derivation of its basic characteristic and implications from the basic definitions
and postulates
- Further important definitions
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Science and freedom
- The integration of the physical sciences
- The significance and content of this achievement
- How the beginning of freedom arose as a direct derivative of this integration
- How the little freedom that developed helped to accelerate the tempo of science
- The reciprocal connection between science and freedom
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The free market as true democracy
- Democracy—true and false meanings of the term
- Political and economic significance of these concepts
- The nature of the free market
- Significance of the free market
- Operation of the free market
- Why it is not necessary to have price controls
- Ditto, subsidies, tariffs, regulations, etc.
- The monopoly
- Why it is not necessary to regulate monopoly by any man-made laws
- Demonstration and detailed illustration that no economic monopoly can harm any
individual in a truly free market
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