Calculation and Knowledge

Displaying 81 - 90 of 537

What are the Costs of the Patent System?

Legal SystemCalculation and Knowledge


I'm trying to find out if there are any recent estimates as to the cost of the patent system--e.g., what the annual dollar cost is in the US that would not be borne if not for the patent system.

As I've noted before (see There's No Such...

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My Own Pick for Best Living Economist

Calculation and KnowledgeSubjectivism


I am glad that the "Free Market Hall of Fame" poll has such great radical thinkers as Ludwig von Mises and Murray Rothbard in the category for favorite historical free market academic economist, and I am...

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Greenspan: The Liar, The Fraud

Booms and BustsFinancial MarketsCalculation and Knowledge


Alan Greenspan is in the news a lot currently because of the release of his new book. I haven't read the book. Nor will I read it if it means that I have to buy it or if reading it means that Alan Greenspan in any other way will financially benefit from it. Enriching a hypocritical fraud...

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Menger the Empiricist

Calculation and KnowledgePhilosophy and Methodology


[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


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


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

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Does the DoJ read

Free MarketsMedia and CultureCalculation and KnowledgeInterventionism


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


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


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


[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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