Calculation and Knowledge

Displaying 61 - 70 of 537

Mises.org now validates against web standards

Calculation and Knowledge

Blog05/21/2008

If you've emailed the webmaster with suggestions and requests to make Mises.org more web standards compatible, be assured that your efforts were not for naught: the majority of Mises.org...

Read more

Copyright and the Intellectuals

Calculation and KnowledgePolitical Theory

Blog05/16/2008

While IP may not stimulate true innovation and creativity, Hayek suggests that copyright might stimulate something more pernicious: the intellectual class. In "The Intellectuals and Socialism," he writes:

...

Read more

Ideas Are Easy... Execution Is Difficult

Calculation and Knowledge

Blog05/16/2008

Excellent post by Mike Masnick on Techdirt:

It's an ongoing theme around here, but ideas are everywhere. The real trick to making...

Read more

Machine to explain the economy (1949)

Calculation and Knowledge

Blog05/09/2008

Thanks to Don Lloyd for this link to an interesting story about a British machine that modeled the workings of the British economy:

A sensation when it was unveiled at the London School of...

Read more

A Catechism on Political Economy

Calculation and KnowledgeValue and Exchange

Blog04/22/2008

I surely should have heard about J.B. Say's Catechism on Political Economy, but in fact I don't recall knowing about it. It appears in this newly uploaded and bookmarked volume Letters to Malthus. So a short sample:

...

Read more

The Explanatory Power of the Austrian School

Calculation and KnowledgeInterventionism

Blog04/03/2008

It's interesting how during a bust, the Austrian School suddenly gains greater prominence and people act as if the Austrians are just another player in the mainstream (which isn't really true as much as we might like it to be). Here is a recent case of this:...

Read more

Bennie's Rule

Money and BanksCalculation and Knowledge

Blog02/27/2008

Professor Bernanke is giving his testimony to Congress. Blah...Blah...Blah.

Here are some interesting graphs from the Fed itself. They have to do with Bennie's new monetary "rule" of force feeding "liquidity" into the marketplace. It seems that banks...

Read more

The Broken Window Fallacy Reapplied

Calculation and KnowledgeProduction Theory

Blog01/28/2008

It is not a good thing to destroy wealth. Bastiat puts it this way: "Society loses the value of things which are uselessly destroyed." It sounds like an unexceptional claim. But herein rests the core case against everything the government does. Perhaps, then, we can see why the...

Read more

Should the State Regulate Envy?

Calculation and KnowledgeInterventionism

Blog01/15/2008

Falling Behind, by Robert H. Frank, belongs to an unfortunate genre: books by well-known economists that endeavor to justify crude soak-the-rich policies, writes David Gordon. Paul Krugman and,...

Read more

IP = right to profits. Nothing more and nothing less.

Free MarketsCalculation and KnowledgeMoney and Banking

Blog01/03/2008

IP is the manifestation on creativity of an underlying Marxist theme: the labor theory of value.

What if I discover/invent something but others market it first? What if they market it better?

Am I not entitled to profits for my discovery or invention?Answering yes to the...

Read more

Shield icon library