Bribery has never received good press. It’s equally demonized across all forms of media. However, there are many aspects of … Read the rest
Category: Economics
Division of Labor
The division of labor is the outcome of men cooperating. What is known as society is just the unrestrained … Read the rest
The Neurosis of Interest
An entrepreneurial action is made anytime money is lent. The moneylender is making an entrepreneurial action if he can’t see … Read the rest
Logic and Action
Special experience is not required in order to act. Nor can laboratory experiments be done in regard to human action. … Read the rest
Probability and Action
Humans act because we are uncertain about the future. The physical sciences don’t allow us to see into the future … Read the rest
The Origin of Money
A money can only be used if there are more than two individuals and two goods in society. It must … Read the rest
Property and Contracts
The right to property is the right to contract with that property. Property is the title to ownership. You have … Read the rest
What Causes the Business Cycle?
The business cycle is caused by artificial credit expansion by the central bank and commercial banks too—if the reserve requirement … Read the rest
Economics and Time
Change is linked with the passage of time. Action aims at change. In turn, time passes. Therefore, action is … Read the rest
The Individual in Society II
Society is the outcome of acting individuals cooperating. It’s not the outcome of a few telling others what to do… Read the rest