Policies such as the ban on interest-paying banks incentivize further reckless behavior by users who have made foolish decisions, and they frustrate and hinder the entrepreneurs who are producing the goods that attract people to Second Life.
But Kauffman is not ashamed to be an American. He contends that there are two Americas, the televised version that the rest of the world hates, and then there are the rest of us.
There's no way to "solve" the problem of producing the ideal vehicle, but in a market economy, there is room for all of us.
Murray Rothbard, writing in the 1950s under the name “Aubrey Herbert,” offers a profound reflection on a core dilemma of libertarianism
And here I thought recessions and the business cycle had something to do with state manipulation of the money supply.
Notwithstanding the official press release and subsequent media coverage, the goal of mechanism design is, generally speaking, to study how best to harness markets.
Following the biblical narration, the Tower of Babel was said to have been the culmination of a widespread mortal desire to revolt against the crea
