capitalism - Michael DeVinney

The Noble Savage?

Capitalism is criticized by the idea of the noble savage. Many think it’s a biological phenomenon that humans cooperate or … Read the rest

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

Capitalism is the only free economic system. Prices, interest rates, profit and loss, can all be explained by the … Read the rest

There is diversity in value. However, this doesn’t mean there is war of all against all. It’s certainly possible … Read the rest

Bribery has never received good press. It’s equally demonized across all forms of media. However, there are many aspects of … Read the rest

The division of labor is the outcome of men cooperating. What is known as society is just the unrestrained … Read the rest

An entrepreneurial action is made anytime money is lent. The moneylender is making an entrepreneurial action if he can’t see … Read the rest

Brain function is disturbed by stress. Political conditioning rests on deliberately induced fear and anger. Pavlov figured out—with an … Read the rest

Special experience is not required in order to act. Nor can laboratory experiments be done in regard to human action. … Read the rest

Humans act because we are uncertain about the future. The physical sciences don’t allow us to see into the future … Read the rest