Philosophy and Methodology

Displaying 1 - 10 of 2205

Altruism vs. Materialism in Market Exchange

Philosophy and MethodologyValue and Exchange

Blog07/26/2019

Other psychic factors being equal, it is to everyone's self-interest to maximize his monetary income on the market. But this maximum income can then be used for either “selfish” or for “altruistic” ends.

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You May Be Biased — But That Doesn't Make You Wrong

Philosophy and Methodology

Blog07/19/2019
Yes, many researchers are biased. But as Mises noted: "Reference to a thinker's bias is no substitute for a refutation of his doctrines by tenable arguments."
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Deneen's Why Liberalism Failed Attacks a Fake Version of Liberalism

Philosophy and Methodology

Blog07/13/2019

Patrick Deneen lumps everything he dislikes under the label of "liberalism." But one is left wondering if he is familiar enough with liberalism's history to pass judgment on it.

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Why Modern Economics' Fixation with "Efficiency" Is Dangerous

EntrepreneurshipOther Schools of ThoughtPhilosophy and Methodology

Blog07/05/2019

Efficiency is backward-looking and static, while value creation is future-oriented and aspirational. 

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I'm An Austrian Economist: What Does It Mean?

Austrian Economics OverviewOther Schools of ThoughtPhilosophy and Methodology

Blog06/10/2019

Austrian economics diverges in several important ways from that followed by our colleagues in the mainstream of the profession.

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Do We Consent to Government by Refusing to Emigrate?

World HistoryPhilosophy and Methodology

Blog06/08/2019

John Locke was ridiculed for suggesting that people "consent" to their government by not emigrating. Hume suggested this theory could be used to claim consent for even the most outrageous tyrants.

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Correlation ≠ Causation

Philosophy and Methodology

Blog06/01/2019

The experience with which the sciences of human action have to deal is always an experience of complex phenomena. No laboratory experiments can be performed with regard to human action.

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How College Profs Push Students to Socialism

EducationPhilosophy and Methodology

Blog05/10/2019

The true aim of these “scholar activists,” as many academics have begun calling themselves, is to propagate socialism by redefining capitalism to encompass every evil of human history. Which means they're mostly attacking straw men.

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Economic Models vs. The Real World

Money and BanksMoney and BankingPhilosophy and Methodology

Blog05/04/2019

Economic theory must have only one purpose — to explain economic activity. However, statistical methods are of no help in this regard.

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The Making of Modern Civilization: Savings, Investment, and Economic Calculation

Capital and Interest TheoryPhilosophy and MethodologyPrivate Property

Blog04/17/2019

The fallacy that labor-saving machines create technological unemployment has not only been disproved by theory but also by the whole history of mankind.

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