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Category Archives: Chicago School
When the law contradicts what most people regard as moral and proper, they will break the law whether the law is enacted in the name of a noble ideal such as equality or in the naked interest of one group at the expense of another.
Milton Friedman, Free to Choose.
Autarchy, Bureaucracy, Capitalism, Chicago School, Closed System, Competition, Complexity, Economic Theory, Free Market, Game Theory, Influences, Inspiration, Interdependency, Keynesianism, Legal Theory, Marxism, Motivation, Notable Quotables, Political Theory, Polycentrism, Psychology, Rational Choice Theory, Self-Government, Self-Reliance, Self-Rule, Self-Sufficiency, Sociology, Solutions, Systems Theory, Welfare Statism, Zero-sum
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14 Ways an Economist Says I Love You
Clever: (Fosslien.com) Give your loved one a nerdy Valentine and they’ll be yours forever! Why? Because if you give them diamonds/cufflinks this year, anything you get them next year will fall short. Give them one of these and anything they receive … Continue reading
The inefficiency of home-grown food
Recently, two members of congress have introduced legislation which is aimed at lowering carbon output by encouraging local food production and distribution. There are a number of things wrong with this, not the least of which is highlighted by Steve … Continue reading
Chicago School, Closed System, Competition, Complexity, Distributism, Division of Labor, Ecology, Economic Policy, Economic Theory, Free Market, Frontier Thesis, Interdependency, Keynesianism, Motivation, Perpetuity, Polycentrism, Self-Reliance, Self-Sufficiency, Simplicity, Solutions, Specialism, Systems Theory, Trade, Wealth, Welfare Statism, Zero-sum
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Zero-sum economics: the core issue of the great debate
Is the economy a zero-sum game? John Mackey, co-founder and co-CEO of Whole Foods Market says that it isn’t a zero-sum game. (WSJ.com) Business is not a zero-sum game struggling over a fixed pie. Instead it grows and makes the … Continue reading
Austrian School, Capitalism, Chicago School, Closed System, Competition, Complexity, Culture Divide, Distributism, Division of Labor, Economic Policy, Economic Theory, Free Land, Free Market, Game Theory, Interdependency, Keynesianism, Marxism, Political Theory, Poverty, Self-Government, Self-Reliance, Self-Rule, Self-Sufficiency, Sociology, Systems Theory, Trade, Wealth, Welfare Statism, Zero-sum
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Lex, rex
In the law there is rule.
Are sovereign islands the new frontier?
(Details) [Peter] Thiel spends a lot of time thinking about frontiers. “Way more than is healthy,” he admits. Not just financial frontiers, though that’s his day job: He cofounded PayPal, the online money-transfer service, and, most famously, was the angel … Continue reading
Autarchy, Chicago School, Closed System, Competition, Current Events, Economic Theory, Free Land, Frontier Thesis, Influences, Inspiration, Interdependency, Motivation, Political Theory, Polycentrism, Self-Government, Self-Reliance, Self-Rule, Self-Sufficiency, Solutions, Systems Theory, Trade, Wealth, Zero-sum
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Summer reading list (for the economically and politically inclined)
Other than Juggernaut, there are plenty of good, substantive books out there for the economically and politically minded to delve into this summer–on the plane, at the beach, or just on a long afternoon. From Hayek to Keynes, from Plato to … Continue reading
What is the difference between the Austrian and Chicago Schools of Economics?
Two of the most influential and comprehensive schools of economic thought, the Austrian and Chicago Schools have much in common, especially in their opposition to Keynesianism. But, as Robert P. Murphy explains in his Mises.org article, the two schools have … Continue reading
Economist soundtracks–Friedman
In this latest edition of Economist Soundtracks, we look at a man who The Economist magazine described as “the most influential economist of the second half of the 20th century…possibly of all of it.” Milton Friedman (July 31, 1912 – … Continue reading