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Michael DeVinney

Monster Slayer

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Category: Economic Calculation

Mises on Calculation, Not Just Knowledge

Mises on Calculation, Not Just Knowledge

The debate over socialist calculation has been twisted beyond recognition.  The narrative is that Mises dealt with property, while Hayek … Read the rest

Author Michael DeVinneyPosted on August 24, 2025August 24, 2025Categories Economic Calculation, Economics1 Comment on Mises on Calculation, Not Just Knowledge

Calculation or Collapse

Calculation or Collapse

Markets don’t function without prices.  Without prices, production collapses into chaos.  Prices convey the preferences, demands, and scarcities of society—without … Read the rest

Author Michael DeVinneyPosted on July 2, 2025July 2, 2025Categories Economics, Economic Calculation, Statism1 Comment on Calculation or Collapse

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, Statism1 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

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Be Prepared for the Modern Inquisition

RSS Mises.org

  • Ludwig von Mises Did not Promote Hitler’s Racial Ideas October 28, 2025
    Leftist Boston University historian Quinn Slobodian claims that Ludwig von Mises was a Nazi sympathizer who favored Hitler’s views on race and imperialism, while broadcaster Thom Hartmann makes similar assertions. Neither man is willing to admit the truth about Mises.
    Wanjiru Njoya
  • 41 Million (One in Eight ) US Residents Are on Food Stamps October 28, 2025
    Ryan McMaken
  • Private Property: The Sacred Guardian of Individual Liberty October 28, 2025
    James Bovard makes a case that private property is the bulwark of liberty—spotlighting how courts, cops, and bureaucrats chip away at it.
    James Bovard
  • About
    • Intellectual Contribution
    • Tradition and Style
  • Articles
    • Business Cycle
    • Economic Calculation
    • Economics
    • Egalitarianism
    • Ideology
    • Inflation
    • Law
    • Logic
    • Method
    • Money
    • New Idol
    • Poetic
    • Population
    • Psychology
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    • Subjective Value
    • The Size of the Social Unit
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  • Quotes
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  • Contact
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