“In economic theory, a high level of aggregation conceals a multitude of sins. The more removed a concept is from genuine, individual, economic choice, the more misleading it is likely to be.”
Tag: economics
Epochs, Evolution, Nationalism, and Synthesis: What Gives Anarchists The Best Chance At Reaching AnCapistan?
Anarchy doesn’t need to be redefined. The pillars are stable. What it needs is a new foundation, those very foundations that allowed the philosophy of Anarchy and Liberty to appear on the world stage in the first place. The Pillars are strong. The Foundation is crumbling.
Marx Was Wrong
Marx really didn’t understand anything about economics. Economics seems to be all about human motivations. He didn’t seem to understand anyone’s motivation except his own. And apparently he was insane.
Liberty Only Requires Removing One Lie
We don’t actually need to make people know anything new, or be anything new, in order to drastically improve society.
The Debate Over Taxation Cannot Be Value-Free
When anyone calls for a new tax or a tax increase, what that person wants is for government personnel to threaten force against anyone who fails to surrender his or her money to the state. But almost no one speaks in those terms. If tax advocates did that, their rhetoric at least would be honest (and only in that sense noble.) Instead, such people engage in base rhetoric.
You Are Your Own Worst Critic
Over the past forty years of striving to make computers do what I want, I have gained a few hard-won truths. One is that we can be very poor critics of own ideas. We love those ideas; we poured our own blood, sweat and tears into them. Of course they must be right; of course the computer must have misunderstood what we intended to happen.
Marine Le Pen and the Growing Scourge of Nationalism
While I certainly do not expect to see Marine Le Pen secure a victory in the upcoming French Presidential runoff election, even her ascendency to such a race represents yet another (once) surprising victory for the strain of nationalistic populism which has been sweeping the globe in recent years. From the Philippines to Great Britain to the United States to Turkey to France (and many other similar examples as well), we are witnessing the reversal of a trend at least 70 years in the making.
Science March III
Why wouldn’t economists march for science? Why do science supporters believe they must insist that economics is a pseudoscience to validate that the so-called hard sciences are precise or predictive. Neither of these are the objectives of science.
Science March II
What good is science if it doesn’t take its place among the arts? Science has become an enemy to both the ignorant and those knowledgeable enough to know that it takes more than science? Art has its root meaning in making do.
Science March
A car goes with specific inputs. Economy goes with many more inputs, but less specific. It is no less a science than physics and chemistry. These sciences are interdependent.