Statism aims at the substitution of the rational for the irrational. If calculation were possible, we wouldn’t need overlords to … Read the rest
Author: Michael DeVinney
The Size of the Social Unit: Banking
Barter indicates humans prefer more to less. Money began as a commodity. It could not have begun any other … Read the rest
Method
There are two methods, one of the physical sciences and one of man. There is not more than one logic… Read the rest
Monopoly
It’s difficult to decide what is the most misunderstood concept of economics. Almost all of them are misunderstood or misused, … Read the rest
Private or Public
A government is a territorial monopolist of taxation and legislation. The only way they can increase revenue is to increase … Read the rest
Recommended Reading
This list is mostly economics but does consists of some other subjects. This list should be read in a similar … Read the rest
The Market
The market, non-coercive that is, is the social system of division of labor. The coercive market is anti-social. There … Read the rest
Business Cycle
Just as important as saying what the business cycle is, saying what it is not. It is not something determined … Read the rest
The Size of the Social Unit: Statism
Statism aims at destroying property. This means the state owns the means of production; or the state controls production and … Read the rest
Pavlov’s Sheep
One of the most pathbreaking studies about classical conditioning was done by Ivan Pavlov. In Pavlov’s experiment—the one he’s known … Read the rest