Philosophy and Methodology

Displaying 41 - 50 of 2282

Good Economic Theory Focuses on Explanation, Not Prediction

Philosophy and Methodology

Blog12/18/2019

Many modern economists think the standard for a "good" economic theory is how well it predicts future trends. Not only are most economists terrible at making predictions, but the whole premise of economics as being about predicting things is a flawed idea.

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Violence, Homesteading, and the Origins of Private Property

Philosophy and MethodologyPrivate Property

Blog12/13/2019

Even if we find that property was privatized by violence back in the mists of the past, it is not the slightest proof that the abolition of ownership is necessary, advisable, or morally justified.

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Some Fundamental Differences between Ludwig von Mises and Nassim Taleb

Philosophy and Methodology

Blog11/30/2019

Taleb maintains he’s a statistically-oriented orthodox economist. But I don’t think he understands what people mean by “orthodoxy.”

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John Rawls's Unfortunate Notions of the Nation-State

Philosophy and Methodology

Blog11/29/2019

John Rawls claimed "justice" demands governments use their power to benefit the least well off in a given society. But then he arbitrarily restricts the scope of these programs to particular nation-states. This betrays a fundamental problem with his idea of inequality.

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When Nassim Taleb Channels Ludwig von Mises

Philosophy and MethodologyValue and Exchange

Blog11/28/2019

Jeff Deist pithily describes Taleb’s prose as “Rothbard meets Hayek.” But Taleb shares some ideas in common with Ludwig von Mises as well.

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Why Behavioral Economics Isn't Very Useful

Philosophy and Methodology

Blog11/22/2019

Behavioral economists are masters of comparing apples to oranges and dressing up incorrect statements in fancy language and mathematics.

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Conservatism: A Vanishing Tradition

U.S. EconomyPhilosophy and Methodology

Blog11/20/2019

Today's neoconservatives have found common cause with the Left in destroying those who disagree with them. In fact, this habit of denying a forum to any and all dissenters has a long tradition in the conservative movement.

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Locke vs. Cohen vs. Rothbard on Homesteading

Philosophy and MethodologyPrivate Property

Blog11/08/2019

Marxist G.A. Cohen is troubled by the freedom libertarians grant to property owners. But artificial limits are unnecessary when practical realities have so often intervened to limit property ownership by any one person.

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The Power of Self-Ownership

Philosophy and Methodology

Blog11/01/2019

Bodily integrity and self-ownership supplement each other: they do not compete for our allegiance.

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New Nobel Winners Are Latest Bad Sign for Economic Theory

Philosophy and Methodology

Blog10/16/2019

The economist’s task is not to demonstrate (empirically) that x is associated with y, but to provide a causal explanation of how x affects y.

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