Skip to content

Michael DeVinney

Monster Slayer

  • About
  • Articles
    • Business Cycle
    • Economic Calculation
    • Economics
    • Egalitarianism
    • Ideology
    • Inflation
    • Law
    • Logic
    • Method
    • Money
    • New Idol
    • Poetic
    • Population
    • Psychology
    • Statism
    • Subjective Value
    • The Size of the Social Unit
  • Quotes
    • Aphorisms
  • Contact

Category: Economic Calculation

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

Mises on the Knowledge Problem

Mises on the Knowledge Problem

The discussion over calculation is very confused.  It goes that Mises used property and Hayek used knowledge.  While correct, its … Read the rest

Author Michael DeVinneyPosted on September 9, 2021September 29, 2022Categories Economic Calculation, Economics, MoneyTags capitalism, economics, education, logic, socialism1 Comment on Mises on the Knowledge Problem

Posts pagination

Page 1 Page 2 Next page

Be Prepared for the Modern Inquisition

RSS Mises.org

  • The Political Business Cycle 50 Years Later May 10, 2025
    William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the economy to correspond with election cycles, a practice that continues to this day.
    Dale Steinreich
  • Why Elon Musk Is Right: The Case Against Subsidizing Amtrak May 10, 2025
    Amtrak is always on the verge of reviving intercity rail traffic in the US, or at least that is what politicians want us to believe. The truth is that the case for defunding Amtrak has never been stronger.
    J.D. Wong
  • The Gold-Silver Ratio May 10, 2025
    Mark Thornton digs into the gold-silver ratio—its wild swings, its history, and what it might mean for investors and the world at large.
    Mark Thornton
  • About
  • Articles
    • Business Cycle
    • Economic Calculation
    • Economics
    • Egalitarianism
    • Ideology
    • Inflation
    • Law
    • Logic
    • Method
    • Money
    • New Idol
    • Poetic
    • Population
    • Psychology
    • Statism
    • Subjective Value
    • The Size of the Social Unit
  • Quotes
    • Aphorisms
  • Contact
Michael DeVinney Proudly powered by WordPress

Be Prepared for the Modern Inquisition

 

Subscribe & Share

 

YouTube