Currently viewing the tag: "economics"
… and never will. So Frédéric Bastiat calling government “the great fictitious entity by which everyone seeks to live at the expense of everyone else” was more fitting than even he realized.
I commented on a hit piece on Austrian economics at the self-identified Marxist website Political Affairs. Besides being completely unwarranted and poorly written in terms of grammar and spelling, the blog post was riddled with misrepresentations and outright fabrications about the “Mieses Institute.”
I posted a comment, and usually that would be the end [...]
The slogan of the national Libertarian Party is “Minimum Government, Maximum Freedom.” Yet, on the Introduction page, I read that “Government’s only role is to help individuals defend themselves from force and fraud.”
I can appreciate why many people could recognize those two ideas as synonymous, but they are not. The size of [...]
Francios Tremblay’s Feb. 6 line that “Our society is built on the principle of generalized competition” is sort of the inspiration for the comments below, but I do not mean for this to be a rebuttal of Tremblay’s entire post, if only because he nevertheless makes many valid points about the present nature of [...]
In her own way, commentator Diana Wong [above] made some good points about Rand Paul. [Note: I encourage everyone first to watch to the video, which was also uploaded to YouTube; otherwise, this response might not make sense. The title for the video apparently comes from another video posted by Lyndon LaRouche [...]
In a previous post, I discussed why laborers do not receive wages commensurate of their contribution to the bottom line. I argued that the problem was not the fault of the market process. That is, it is not inherent in the market process. I was pointing out how government, through systematic expropriation of ownership [...]
One of the things that gets lost or misunderstood when talking about economics is the subjective nature of its analysis. Economic explanations, at least from the Austrian economics school, instruct that valuations are relative to the subject who holds them. For this reason, some people dismiss subjectivist economics because they believe it cannot instruct what [...]
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The Benefits of Being Exploited
Admittedly, the title is tongue-in-cheek. I don’t believe that there are any benefits of being actually exploited. It is a reference to Karl Marx’s mistaken theory of exploitation, which holds that the full benefit of the produce of labor rightfully belongs to the laborer. As the theory explains, owners of the means [...]