Calculation and Knowledge

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Menger the Empiricist

Calculation and KnowledgePhilosophy and Methodology

Blog09/14/2007

[Cross-posted at Organizations and Markets]

Austrian economists eschew empirical analysis in favor of deductive, a priori reasoning. They don't believe in...

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Minsky Having a Moment?

Booms and BustsMoney and BanksCalculation and KnowledgeMoney and Banking

Blog09/09/2007

The Wall Street Journal recently featured a lead article on economist Hyman Minsky: In Time of Tumult, Obscure Economist Gains Currency.

Minsky is increasingly cited by leading financial figures such as...

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Last Knight Word Cloud

Media and CultureCalculation and Knowledge

Blog09/08/2007

David Veksler, mises.org developer, made this really snappy word cloud of Mises: The Last Knight of Liberalism.

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Does the DoJ read Mises.org?

Free MarketsMedia and CultureCalculation and KnowledgeInterventionism

Blog09/07/2007

Probably not. However, the Justice Department weighed in on the net neutrality debate, stating in part:

The Department also noted that differentiating service levels and pricing is a common and often efficient...

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Knock it Off

Legal SystemCalculation and Knowledge

Blog09/06/2007

Jacob Sullum's excellent Reason column, The Knock Against Knockoffs, he discusses knockoffs of high-fashion, which are not currently subject to copyright. Surprise—designers are lobbying for copyright protection of...

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Thomas Friedman on Addicted to Oil

The EnvironmentCalculation and KnowledgeProduction Theory

Blog08/21/2007

I recently saw Thomas Friedman's "Addicted to Oil" documentary on YouTube. A few nits to pick. First, of course, he unquestioningly buys into the global warming hype as one of the reasons we need to "do something." Second...

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Entrepreneurship, Arbitrage, and Capital

Calculation and KnowledgeCapital and Interest TheoryEntrepreneurship

Blog08/18/2007

[Cross-posted at Organizations and Markets]

Over the years I'm increasingly convinced that Israel Kirzner's metaphor of entrepreneurship as costless discovery ...

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Thoughts on the Latecomer and Homesteading Ideas; or, why the very idea of "ownership" implies that only libertarian principles are justifiable

Calculation and KnowledgePhilosophy and MethodologyPolitical TheoryPrivate Property

Blog08/15/2007

The following is an edited version of my recent post on a libertarian discussion list. I've often noted how Hoppe's writings on libertarian ethics stress the importance of the "prior-later" distinction and the problems with the "latecomer" ethic. A few thoughts on...

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Why People Walk on Stairs and Sometimes Stand on Escalators

Calculation and KnowledgePhilosophy and Methodology

Blog08/15/2007

Here is the problem, according to Steven Landsburg:

Taking a step has a certain cost, in terms of energy expended. That cost is the same whether you're on the stairs or on the escalator. And taking a step has a certain benefit...

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