Calculation and Knowledge

Displaying 21 - 30 of 519

The Poverty of GDP

Global EconomyCalculation and KnowledgeValue and Exchange

The choice between various ways of ‘measuring’ economic variations (and gauging their causes from these measurements) is arbitrary from an economic point of view, and becomes a largely political endeavor.

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Why Socialism Will Always Fail

Calculation and KnowledgeProduction TheoryValue and Exchange

Blog04/27/2016

The paradox of "planning" is that it cannot plan, because of the absence of economic calculation.

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Statistics: Achilles' Heel of Government

Big GovernmentCalculation and Knowledge

Blog03/28/2016

Statistics, so vital to statism, its namesake, is also the State's Achilles' heel.

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A Better Approach To Terrorism

Big GovernmentCalculation and KnowledgePrivate Property

Blog03/22/2016

If allowing markets to operate represents an "ideology" to most people, so be it. I would argue that markets represent a lack of ideology. More importantly, markets provide far and away the most practical approaches to difficult problems like terrorism.

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The Fed Can Do Real Damage Without Even Trying

Booms and BustsThe FedBusiness CyclesCalculation and Knowledge

Blog12/17/2015

Whatever the Fed imagines they can control and whatever their real intentions are, a central authority cannot optimally set prices that are in line with people’s preferences. This is especially important for interest rates, which have far-reaching...

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War and Strategic Socialism

War and Foreign PolicyCalculation and KnowledgeEntrepreneurship

Blog11/18/2015

It’s not a coincidence that wherever war and socialism are implemented, the results tend to be the same.

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Socialism: Now with Computers!

Calculation and KnowledgeEntrepreneurshipOther Schools of Thought

Blog09/14/2015

There's no shortage of intellectuals eager to churn out new schemes for central planning.

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Science and the Market Test

The EntrepreneurCalculation and KnowledgeMonopoly and Competition

Blog08/25/2015

There's no Platonic laboratory where "pure" science happens independent of human ideas, motivations, and institutions.

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The Black Hole of Defense Spending

Corporate WelfareTaxes and SpendingCalculation and Knowledge

Blog07/06/2015

The only thing defense spending actually defends are the profits of defense contractors.

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New Directions in Entrepreneurship Research

Calculation and KnowledgeEntrepreneurshipInterventionism

Blog06/25/2015

It’s a great time to be studying entrepreneurship. Today as never before entrepreneurs are confronted with “grand challenges” both in the marketplace and society more broadly. And despite constant...

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