Calculation and Knowledge

Displaying 11 - 20 of 621

Entrepreneurship in the Time of COVID-19

Calculation and KnowledgeEntrepreneurship

Blog06/04/2020

It is always a challenge for entrepreneurs to try and predict what customers will want in the future. But now things are even more unpredictable. And government regulations aren't helping either.

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Nozick Once Again

Calculation and KnowledgePhilosophy and MethodologyPraxeology

Blog05/29/2020

If time preference is genetically built into humans, are they double discounting future goods? Does this mean people should stop trying to weigh time in their calculations?

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Why an Economy Can't Work without Market Prices

Calculation and KnowledgePrices

Blog05/21/2020

Prices determined in the marketplace are absolutely essential to a functioning economic system.  This is no less true if today's property was redistributed unjustly in the past. Market prices today are the path to recovery.

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We Can't Just "Restart" the Economy Where We Left Off

Big GovernmentMonetary PolicyCalculation and Knowledge

Blog04/18/2020

If we're serious about maximizing the resources needed to combat COVID-19, we need an economy that is deregulated and flexible.

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The Real Cost of Anti-Price-Gouging Laws

Price ControlsCalculation and Knowledge

Blog04/08/2020

If buyers aren't allowed to compete in terms of prices, they'll be forced to compete in terms of time waiting, distance traveled, or other real costs.

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Yes, There Are Tradeoffs between Disease Prevention and Economic Destruction

ProgressivismCalculation and Knowledge

Noneconomists struggle to realize that scarcity results in the necessity of tradeoffs. During the COVID-19 pandemic, this difference in thinking causes them to wrongly accuse economists of "prioritizing money over lives."

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COVID-19 and the Planners’ Need to Plan

Big GovernmentBureaucracy and RegulationCalculation and Knowledge

Blog03/26/2020

Despite the fact that the CDC’s formal name includes the word “Prevention” and that its stated goals include various planning buzzwords, its managing of the COVID-19 response has been an unmitigated disaster.

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The Use of Knowledge in Entrepreneurship

Calculation and KnowledgePrices

Blog03/25/2020

It is a marvel that imperfect, limited information available to the entrepreneur can be used to produce so much good for society. 

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COVID-19: The "Experts" Have No Crystal Ball

Media and CultureCalculation and KnowledgePhilosophy and Methodology

Blog03/25/2020

The 2016 election was an important reminder that most experts were totally wrong in their predictions of what would happen. Now the experts are claiming that freedom and markets must be abandoned based on new guesses about the future.

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