There can be no doubt that modern nation states give rise to total war. The market involves peaceful cooperation, … Read the rest
Tag: capitalism
Price Spread
Price spread is the difference between their selling price and the aggregate prices. This translates to the difference between inputs … Read the rest
Crusoe Economics
Property is essential to justice and economics. It is impossible to come to a just decision without property. Likewise, … Read the rest
Method
There are two methods, one of the physical sciences and one of man. There is not more than one logic… Read the rest
Monopoly
It’s difficult to decide what is the most misunderstood concept of economics. Almost all of them are misunderstood or misused, … Read the rest
Private or Public
A government is a territorial monopolist of taxation and legislation. The only way they can increase revenue is to increase … Read the rest
Business Cycle
Just as important as saying what the business cycle is, saying what it is not. It is not something determined … Read the rest
The Size of the Social Unit: Statism
Statism aims at destroying property. This means the state owns the means of production; or the state controls production and … Read the rest
Explaining The Fed with a Hammer
Money is a dominant force in the economy. It is a medium of exchange and solves the double coincidence of … Read the rest
The Logic of Social Cooperation
In order for social cooperation to happen, humans must act. This is different than reflexive behavior, this is to substitute … Read the rest