Scientism is the unwarranted belief in science as the answer to all problems. There is a difference between the physical … Read the rest
Category: Economics
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
Say’s Law of the Market
It’s commonly said that Say’s law is: production creates its own demand. This is a straw man. This kind … Read the rest
When is there Violence?
There is a clear distinction between the market and violence. There are two ways to satisfy wants. Either by … Read the rest
Natural vs. Positive
As an animal is observed, its behavior is the nature of that animal. Nothing more, nothing less. There is an … Read the rest
Intellectual Honesty
These antagonistic ideas are destroying civilization. People don’t think when they drive a car, they know how to design … Read the rest
Capitalism is Freedom
Capitalism is freedom, statism is bondage. There is serious confusion about what capitalism is. Capitalism is pure protection of property… Read the rest
The Business Cycle Explanation
The business cycle constantly reappears at attempts to reduce the natural interest rates through policy. This expands credit beyond 100 … Read the rest
Money and the Value of Money
It should be clear, nothing has value in itself, only the naïve would think this. In other words, value is … Read the rest
Marketing: The Myth of Advertising
A common argument goes: a company needs to advertise—abracadabra—profits. Well, that’s not what is said, but that’s what it translates… Read the rest