Category Archives: Game Theory

Do the poor get poorer?

People often say that “the rich are getting richer while the poor are getting poorer.” Economics professor Steve Horwitz explains why in the United States, this characterization is largely a myth. Real income levels of the poorest 20 percent of … Continue reading

Austrian School, Closed System, Competition, Complexity, Economic Theory, Game Theory, Interdependency, Poverty, Resources, Systems Theory, Zero-sum | Leave a comment

21st century Chinatown?

Those who remember the 1974 classic film Chinatown will find this story eerily familiar. (ReasonTV) The Antelope Valley is a vast patch of desert on the outskirts of Los Angeles County, and a segment of the few rugged individualists who … Continue reading

Autarchy, Closed System, Competition, Complexity, Current Events, Free Land, Frontier Thesis, Game Theory, Political Theory, Self-Government, Self-Reliance, Self-Rule, Self-Sufficiency, Systems Theory, Zero-sum | Leave a comment

The virtues of competition

Orson Welles as Harry Lime in the film adaptation of Graham Greene’s Third Man. Don’t be so gloomy. After all it’s not that awful. Like the fella says, in Italy for 30 years under the Borgias they had warfare, terror, … Continue reading

Closed System, Competition, Complexity, Free Land, Frontier Thesis, Game Theory, Inspiration, Notable Quotables, Systems Theory, Trade, Wealth, Zero-sum | Leave a comment

The plight of the middle class

Robert Reich connects the dots on the economy, in less than 2 minutes and 15 seconds. A number of questions arise, not the least important of which has to do with a proposed solution. Granted his conclusions are correct that … Continue reading

Competition, Culture Divide, Economic Theory, Game Theory, Inflation, Interdependency, Keynesianism, Marxism, Political Theory, Poverty, Systems Theory, Wealth, Zero-sum | Leave a comment

An ethical case for ‘Loser Pays’

In a recent article, Gozmodo reports of an independent artist that was charged with copyright infringement, and was forced to settle for tens of thousands of dollars, even though he didn’t do anything wrong. As the artist was quoted as … Continue reading

Competition, Complexity, Copyright Law, Game Theory, Interdependency, Legal Theory, Perpetuity, Public Choice Theory, Solutions, Systems Theory, Zero-sum | Leave a comment

Let’s diversify the states!

In a recent study, the Mercatus Center at George Mason University examined the laws and regulations that each of the 50 American states impose on their citizens and produced a list of them from freest to most restrictive. (Mercatus) This … Continue reading

Autarchy, Closed System, Competition, Economic Theory, Free Land, Frontier Thesis, Game Theory, George Mason School, Interdependency, Political Theory, Resources, Self-Reliance, Self-Sufficiency, Solutions, Systems Theory, Zero-sum | Leave a comment

How to choose a winner

Thanks to another week of volatility in the markets, we are again face-to-face with the fact that there is absolutely no sensible reason for the movement of stock and derivatives prices. It is at times like these that one recalls … Continue reading

2007-08 Crisis, Complexity, Current Events, Economic Theory, Game Theory, Influences, Keynesianism, Sociology, Systems Theory, Zero-sum | Leave a comment

The unrecognizable future

With a predicted population of 9 billion, food production and competition for resources could change the face of our planet. http://news.discovery.com/earth/earth-unrecognizable-2050-resources-110220.html While there can be no doubt that the future will be unrecognizable, the curious will wonder what this means … Continue reading

Economic Policy, Game Theory, Wealth, Zero-sum | 2 Comments

What Happens When Alternatives Are Eliminated?

A clip from Alain Resnais’ Mon Oncle d’Amerique shows what happens when alternatives are eliminated, both in scientific studies and fictitious real-world scenarios. Is this not our modern system in a nutshell? The subtitles are a little blurry, but they … Continue reading

Complexity, Frontier Thesis, Game Theory, Interdependency, Sociology | Leave a comment

Is the pursuit of wealth a zero-sum game?

Allow me to pose three questions to the inquisitive: 1. Is the pursuit of wealth a zero-sum game? 2. Is the pursuit of money a zero-sum game?

Culture Divide, Economic Theory, Frontier Thesis, Game Theory, Political Theory, Systems Theory, Wealth, Zero-sum | 10 Comments