All individuals act based on a particular set of morals and code of ethics. I want to know what your code is. What morals do you hold dear? What principles would you risk life and limb to protect?
Tag: economics
Economic Localism Is No Better than Economic Nationalism
As Black Friday has continued to expand in recent years, one response to its orgy of discounts and deals has been to promote the following day as “Small Business Saturday.” The idea is to encourage people to shop at their local stores rather than at national chains or big-box stores, or perhaps on the Internet. Doing so, argue its proponents, is both moral and good for the local economy, as it keeps jobs and money in “our communities” rather than, presumably, in the hands of faceless and distant corporate masters.
The Never-Ending Contest in Politico-Economic Life
Written by Robert Higgs. A contest is under way in the world between the forces of creation, improvement, and progress and the forces of destruction, spoliation, and retrogression. This contest has been going on for thousands of years, and except during brief interludes the negative forces always kept the positive forces firmly in check. Roughly…
The Five Institutions of the Market Economy
Let us see what the basic institutions of the market economy are. We may subdivide them for convenience of discussion into (1) private property, (2) free markets, (3) competition, (4) division and combination of labor, and (5) social cooperation. As we shall see, these are not separate institutions. They are mutually dependent: each implies the other, and makes it possible.
On Social Progress
Social progress. The true sense of the phrase is ennobling. Make no mistake, if there is to be a leap in human evolution, social progress is the requisite precursor. I long to see an era of broad, lasting social progress.
Maybe Anarchism is Capitalism and Communism
Maybe anarchism, the political philosophy of rulerless society, is capitalism and communism. Hear me out.
The Repudiation of the Elite in the Media and the “Science” of Political Science
Trump winning the election was an outlier. The bell-curve didn’t predict it. It might’ve resided on the tail end. Therefore, it was ignored. It was outside the realm of conceivable possibility, so it was disregarded. Yet that is precisely where the msm should’ve been looking.
Voluntaryism – Don’t Tread On Anyone
If free people do nothing to fight for the freedom of everyone, then all will soon be enslaved. If those with even a modicum of freedom do not fight for every last inch they can gain back from the perilous grasp of tyranny, then tyranny will reign over all.
The Buy Local Fallacy
Advocates of the “buy local” movement claim doing so betters the local economy. The economics and reasoning behind this claim are misguided at best. Here are three areas the locavore’s rationale is wrong.
12 Articles Every Aspiring Economist Should Read
Nothing stirs up controversy in the digital age quite like a list. But lists, especially ones that provide an easily accessible way to learn essential information, have their purposes. Below, I offer 12 articles that I think every aspiring economist should read. Before we get to the list, let me say a few things about how I created it.