Rationalism

Displaying 1 - 10 of 12

Why Do We Act against Our Self-Interest?

DemocracyPoliticsRationalismPhilosophy and MethodologyPolitical Theory

Blog06/19/2023

Rational choice theory claims that people in the political realm act in their own self-interest. However, in today's political climate, many people act against their own interests to avoid being attacked by others.

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Econometric Models Cannot Fulfill the Role of an Economics Laboratory

Economic PolicyRationalismPhilosophy and Methodology

Blog06/07/2023

In their desire to make economic theory emulate physical sciences, economist create models that do not reflect genuine human action.

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You've Got to Be Kidding: Professor Demands Animals Stop Eating Each Other

ProgressivismRationalism

Blog12/16/2022

University of Chicago professor Martha C. Nussbaum wants to save the world by preventing animals from eating each other in the wild. David Gordon (after pulling himself off the floor) comments on her proposal.

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Surveys or Specifics: Do Economies Respond to Consumer Expectations or the Facts at Hand?

Free MarketsRationalismBusiness Cycles

Blog08/06/2022

Much is made of surveys determining consumer confidence in the economy. Expectations, however, must line up both with proper economic theories and the information at hand.

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Profits Are Not Random. They're How Entrepreneurs Help Allocate Resources Efficiently.

Financial MarketsFree MarketsRationalism

Blog08/05/2022

The efficient market hypothesis, which is popular in neoclassical economics circles, holds that markets are so "efficient" that entrepreneurial profits are generated randomly.

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Modern Portfolio Theory: Economics without Praxeology

RationalismEntrepreneurshipPricesSubjectivism

Blog03/12/2022

Modern portfolio theory, while popular with many economists, runs into serious problems when examined through the lens of Austrian economics

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"Nudging" Policy Is about Control, Not Freedom

Rationalism

Blog09/02/2021

To the extent that Cass Sunstein's "nudge" policy relies on behavioral economics, it relies upon a fallacy.

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Why Do We Act against Our Self-Interest?

DemocracyPhilosophyRationalismPolitical Theory

07/20/2023Mises Media
In today's political climate, many people act against their own interests to avoid being attacked by others.
Read More

You've Got to Be Kidding: Professor Demands Animals Stop Eating Each Other

EducationPhilosophyProgressivismRationalism

01/04/2023Mises Media
University of Chicago professor Martha C. Nussbaum wants to save the world by preventing animals from eating each other in the wild. David Gordon (after pulling himself off the floor) comments on her proposal.
Read More

Profits Are Not Random. They're How Entrepreneurs Help Allocate Resources Efficiently.

Financial MarketsFree MarketsRationalism

08/16/2022Mises Media
The efficient market hypothesis, which is popular in neoclassical economics circles, holds that markets are so "efficient" that entrepreneurial profits are generated randomly.
Read More