Philosophy and Methodology

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The Importance of Economic Theory in Understanding Historical Data

Other Schools of ThoughtPhilosophy and Methodology

Blog06/08/2020

"History cannot teach us any general rule, principle, or law. There is no means to abstract from a historical experience a posteriori any theories or theorems concerning human conduct and policies."

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Why Socialists Love the Phrase "It's Not Real Socialism"

SocialismPhilosophy and Methodology

Blog06/01/2020

A big reason that socialist ideology has staying power is the tactic of blaming the many failures and disasters of socialist regimes on the alleged fact the regimes "aren't real socialism."

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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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COVID Ethics: It's Immoral to Confine Innocent People Who Might Be a Threat

HealthStrategyPhilosophy and Methodology

Blog05/27/2020

The possibility that someone might pose a threat to another at a future time is not sufficient reason to revoke a person's property rights.

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The Big Reason Mises Rejected Marx's Dialectical Materialism

SocialismPhilosophy and Methodology

Blog05/25/2020

The weird thing about dialectical materialism is that Marx seems to have cobbled it together from two philosophies that contradicted each other.

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Why Official Inflation Measures Don't Work

InflationOther Schools of ThoughtPhilosophy and Methodology

Blog05/23/2020

In theory, it is possible to adjust inflation measures to account for the many constant changes in prices resulting from changing demand, quality, and innovations. But it's essentially impossible to execute these adjustments accurately.

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Adam Smith and Benevolence

CapitalismPhilosophy and Methodology

Blog05/15/2020

Buyers and sellers in the free market do indeed act from self-interest, but Adam Smith never argued that this excludes friendly feelings for those they do business with.

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Viruses versus Lockdowns: It's Not about Tradeoffs

Philosophy and MethodologyPolitical Theory

Blog05/12/2020

Presenting "saving lives" as a more or less equal alternative to commerce and community is a misguided view of what the lockdown debate is really all about.

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