Calculation and Knowledge

Displaying 11 - 20 of 537

Why Government Has a Dangerous Obsession with Statistics

Big GovernmentCalculation and KnowledgePrices

Blog08/08/2017
In a free market, businesses have little need of economy-wide statistics. They are, however, desperately needed for any sort of government planning.

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Why Robots Won't Cause Mass Unemployment

Calculation and Knowledge

Blog08/02/2017
There will always be jobs because there will always be scarcity. Human wants are unlimited, yet the resources are limited — even with robots.

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Why Decentralized Economic Planning Is So Important

Bureaucracy and RegulationCalculation and Knowledge

Blog07/30/2017
The Svalbard Global Seed Vault shows how listening to the local experts outside the central bureaucracy is an essential part of economic planning.

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A Theory of Entrepreneurship and Institutional Uncertainty

Calculation and KnowledgeEntrepreneurship

What is the relationship between entrepreneurs and uncertainty? Two Austrian economists explore the issue in this new journal article.

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Are Highly Paid People Just Lucky?

Calculation and Knowledge

Blog06/06/2017
If a person makes a lot of money through "luck" perhaps the most philosophically rigorous answer is simply this: "so what?"

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The Essential Link Between Consumers and Financial Markets

Financial MarketsCalculation and Knowledge

Blog05/10/2017
Much like an entrepreneur, a good investor seeks to know how to best serve consumers — and then invests his money in firms that do it.

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What Individualism Is, and What It Is Not

Calculation and KnowledgePhilosophy and Methodology

Blog05/08/2017
What individualism teaches us is that society is greater than the individual only in so far as it is free.

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Nudges for Thee, But Not for Me

Calculation and KnowledgeEntrepreneurshipInterventionism

Blog04/07/2017
To most observers, nudging sounds like clever management techniques. The power to nudge by the state, however, is an entirely different matter.

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The Supposed Failure of Economics

Big GovernmentCalculation and Knowledge

Blog04/04/2017
The left has always been anti-economics for the simple reason that economics shows the real cost of progressive policy.

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Dwight Schrute Shows Us Why Speculators Are So Important

Media and CultureCalculation and KnowledgeValue and Exchange

Blog03/06/2017
The TV character Dwight Schrute provides some valuable insights into how speculators provide essential and praiseworthy services in the marketplace.

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