Econometrics Attacked from the Left
In this interesting article published in Economia (a trade journal for Chartered Accountants), we find a left-progressive argument against math and its overly prominent role in neoclassical economics:
Freak Show: Politicians Throw Woman Out of Work Because She Looked Unusual
Credit: Longmont Times-
The County Commissioners of Boulder County, Colorado have thrown a woman out of work because they didn’t like the way she looked. According to the local CBS affiliate:
More Freedom = More Prosperity
Often when discussing libertarian societies, the point is made that truly free markets do not exist in the world.
It is important to note that this is not like the argument made by Marxists which is that Marxism would have worked had it been truly tried. In other words, they blame the fact of Marxisms failure on teh fac tthat it has never been fully implements.
Of course, we dknow that it has been attempted. The difference here is that even partial implementation of free markets produces more prosperity while partial implementation of socialism produces less priopserity.
Rothbard on Policing the Streets
As a “police officer” dressed in military fatigues, and armed with military equipment, threw everyone out of a McDonald’s restaurant and arrested journalists for no legitimate reason, I wondered to myself if the owner of the McDonald’s was fine with the police coming in and needlessly using violence against the restaurant’s own customers.
Property, Ownership, and Monopoly Police Forces
When we hear of police abuse and anti-police protesting as we are now seeing in Ferguson Missouri, it is always helpful to keep one fundamental fact in mind: modern police are a monopoly organizations. As with all monopolies, the cost of government police will grow ever higher as the quality of service goes ever downward. Not subject to competition or oversight of any meaningful sense, police forces like the one in Ferguson, and like most places in America, is defined by an ability to behave with near impunity while demanding ever greater amounts of tax funds from the taxpayer.
Wilson on Krugman and Bylund
From Andrew Wilson at The American Spectator:
In a recent New York Times column, Paul Krugman made the assertion that “self-proclaimed libertarians deal with the problem of market failure both by pretending that it doesn’t happen and by imagining government as much worse than it really is.” But sup
New Essays on Kirzner
The newest issue of the Review of Austrian Economics features a symposium on Israel Kirzner’s contributions to the Austrian school. My own essay with Per Bylund, “The Place of Austrian Economics in Contemporary Entrepreneurship Research,” appears in the symposium, along with essays by Peter Boettke, Mario Rizzo, and Henry Manne. Kirzner himself also offers some reflections on his career.
