Calculation and Knowledge

Displaying 81 - 90 of 543

Brand Blanshard Takes a Swipe at Mises

Calculation and Knowledge



An eminent economist writes: 'The spheres of rational action and economic action are... coincident. All rational action is economic. All economic activity is rational action.' And what is the end of economic activity? One's own pleasure. 'Action based on reason,' goes on...

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Arbitraging Ron Paul's Online Odds

Calculation and Knowledge


I admit I haven't personally participated in any of this stuff, so I can't speak from experience. But it seems that there are several gambling web sites with often different odds on Ron Paul. With the possibility of shorting a Ron Paul contract on Intrade,...

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The Heroic Richard Lindzen on Global Warming

The EnvironmentCalculation and Knowledge


Richard Lindzen is one of the heroic challengers to the scientific establishment on the topic of global warming, yet you don't often hear about him. He is an an atmospheric physicist and the Alfred P. Sloan Professor of Meteorology at...

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What are the Costs of the Patent System?

Legal SystemCalculation and Knowledge


I'm trying to find out if there are any recent estimates as to the cost of the patent system--e.g., what the annual dollar cost is in the US that would not be borne if not for the patent system.

As I've noted before (see There's No Such Thing As A Free...

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My Own Pick for Best Living Economist

Calculation and KnowledgeSubjectivism


I am glad that the "Free Market Hall of Fame" poll has such great radical thinkers as Ludwig von Mises and Murray Rothbard in the category for favorite historical free market academic economist, and I am also very...

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Greenspan: The Liar, The Fraud

Booms and BustsFinancial MarketsCalculation and Knowledge


Alan Greenspan is in the news a lot currently because of the release of his new book. I haven't read the book. Nor will I read it if it means that I have to buy it or if reading it means that Alan Greenspan in any other way will financially benefit from it. Enriching a hypocritical fraud like...

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Menger the Empiricist

Calculation and KnowledgePhilosophy and Methodology


[Cross-posted at Organizations and Markets]

Austrian economists eschew empirical analysis in favor of deductive, a priori reasoning. They don't believe in...

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Minsky Having a Moment?

Booms and BustsMoney and BanksCalculation and KnowledgeMoney and Banking


The Wall Street Journal recently featured a lead article on economist Hyman Minsky: In Time of Tumult, Obscure Economist Gains Currency.

Minsky is increasingly cited by leading financial figures such as...

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Last Knight Word Cloud

Media and CultureCalculation and Knowledge


David Veksler, developer, made this really snappy word cloud of Mises: The Last Knight of Liberalism.

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