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Michael DeVinney

Monster Slayer

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Category: Economic Calculation

The Fiction of Collective Ownership

The Fiction of Collective Ownership

Property is claimed by “society.” A term with no hands, no voice, no will.  A ghost can’t own.  The individual … Read the rest

Author Michael DeVinneyPosted on May 26, 2025May 26, 2025Categories Economics, Economic Calculation, Ideology, Law, StatismLeave a comment on The Fiction of Collective Ownership

Why Statism Is Doomed to Fail

Why Statism Is Doomed to Fail

Statism—encompassing both socialism and fascism—can’t work because it fundamentally lacks the ability to calculate.  Socialism, defined as the government owning … Read the rest

Author Michael DeVinneyPosted on December 7, 2024March 29, 2025Categories Economic Calculation, Economics, Statism1 Comment on Why Statism Is Doomed to Fail

From Production to Consumption

From Production to Consumption

There are different forms of goods in our economy, but for the purpose of this article, we’ll focus on consumer … Read the rest

Author Michael DeVinneyPosted on October 19, 2024October 19, 2024Categories Economics, Economic Calculation, Statism1 Comment on From Production to Consumption

The Truth about Money

The Truth about Money

Money is necessary to determine the difference between inputs and outputs.  Paper money makes that more and more difficult to … Read the rest

Author Michael DeVinneyPosted on July 4, 2024July 4, 2024Categories Economic Calculation, Economics, Money, StatismTags capitalism, economics, education, fascism, inflation, logic, money, socialism, Statism1 Comment on The Truth about Money

Barter with a Medium

Barter with a Medium

Modern day exchange is barter done with a medium.  This is called a money.  When you buy something, you are … Read the rest

Author Michael DeVinneyPosted on October 12, 2022October 12, 2022Categories Economic Calculation, Economics, Inflation, Statism, Subjective ValueTags barter, capitalism, economics, education, fascism, logic, money, socialism, Statism1 Comment on Barter with a Medium

The New Idol Directing Production

The New Idol Directing Production

The means of production are owned by “society.”  Society owning property is impossible.  The new idol has to direct production.  … Read the rest

Author Michael DeVinneyPosted on September 8, 2022September 26, 2022Categories Economic Calculation, Economics, New Idol, StatismTags capitalism, economics, education, fascism, logic, psychology, socialism, Statism1 Comment on The New Idol Directing Production

The Fundamental Reason Why Socialism is Impossible

The Fundamental Reason Why Socialism is Impossible

It’s impossible for socialism to work because it can’t calculate.  Socialism is the government owning all property.  There aren’t various … Read the rest

Author Michael DeVinneyPosted on May 24, 2022October 5, 2022Categories Economic Calculation, Economics, Ideology, StatismTags capitalism, economics, education, fascism, inflation, logic, money, socialism, Statism1 Comment on The Fundamental Reason Why Socialism is Impossible

Calculation in Statism

Calculation in Statism

We calculate to arrange action.  No man can determine what is to be produced or how much without calculation.  It … Read the rest

Author Michael DeVinneyPosted on January 26, 2022July 14, 2023Categories Economic Calculation, StatismTags capitalism, economics, education, fascism, logic, socialism, Statism1 Comment on Calculation in Statism

Capital Consumption

Capital Consumption

The market can’t operate without calculation.  It will be difficult to view capital consumption when the market is distorted.  … Read the rest

Author Michael DeVinneyPosted on December 24, 2021October 1, 2022Categories Economic Calculation, Economics, StatismTags capitalism, economics, education, fascism, inflation, logic, socialism, Statism

Monetary Calculation

Monetary Calculation

Monetary calculation is the guide of economics.  The economy is chaos without it.  Calculation makes it possible to determine if … Read the rest

Author Michael DeVinneyPosted on October 27, 2021December 21, 2022Categories Economics, Economic Calculation, StatismTags capitalism, economics, education, fascism, inflation, logic, money, socialism, Statism1 Comment on Monetary Calculation

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Be Prepared for the Modern Inquisition

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  • The Southern Cause: What Led to Secession May 31, 2025
    The simple narrative today of the southern secession in 1860 and 1861 is that the southern states believed that the institution of slavery was being threatened, so they left the union. However, the real causes are more complex and do not fit any preconceived narrative.
    Wanjiru Njoya
  • “Our Marx”: The Great Herbert Spencer May 31, 2025
    Herbert Spencer is best known for the term, “Social Darwinism,” but his writings on free markets and law remain brilliantly relevant today. While not included in the Pantheon of Austrian economists, nonetheless his work influenced Austrian scholars.
    Jorge Besada
  • Impressed at Vicksburg May 31, 2025
    Mark Thornton discusses a lesser-known factor in the American Civil War: the Confederate “impressment” policy and its impact at Vicksburg.
    Mark Thornton
  • About
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    • Business Cycle
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