Category Archives: Rational Choice Theory

The return of rational

Introducing the new book by Eric Robert Morse—Psychonomics: How Modern Science Aims to Conquer the Mind and How the Mind Prevails. An excerpt from the book: Franz Gall was no crank. We laugh at him now because his conclusions were … Continue reading

Behavioral Economics, Free Market, Good Reads, Influences, Inspiration, Psychology, Rational Choice Theory, Resources, Sociology, Solutions, Technology | 1 Comment

Homeschooling a fresh alternative to Statist schooling

Source: TopMastersInEducation.com

Autarchy, Bureaucracy, Capitalism, Closed System, Competition, Current Events, Education, Free Market, Inspiration, Interdependency, Legal Theory, Polycentrism, Rational Choice Theory, Self-Reliance, Self-Sufficiency, Simplicity, Solutions, Technology, Welfare Statism | Leave a comment

The increasingly lawless law

(National Review Online) After today’s rulings by the Supreme Court, every American has a larger stake in the outcome of the marriage debate. No one can afford to stay out of this issue because these decisions today constitute a huge … Continue reading

Closed System, Competition, Culture Divide, Current Events, Health Care, Legal Theory, Perpetuity, Political Theory, Rational Choice Theory, Systems Theory, Tyranny, Welfare Statism | Leave a comment

The future of education is now

(Forbes) The Khan Academy, which features 3,400 short instructional videos along with interactive quizzes and tools for teachers to chart student progress, is a nonprofit, boasting a mission of “a free world-class education for anyone anywhere.” There is no employee … Continue reading

Autarchy, Bureaucracy, Competition, Current Events, Education, Free Market, Frontier Thesis, Influences, Inspiration, Poverty, Rational Choice Theory, Self-Reliance, Self-Sufficiency, Solutions, Specialism, Systems Theory, Technology, Trade | Leave a comment

What if money didn’t matter?

How do you like to spend your life? What do you desire? what if money didn’t matter? What if money was no object? Alan Watts explores the possibilities. Put frankly as it is, it makes no sense that folks should … Continue reading

Behavioral Economics, Bureaucracy, Closed System, Competition, Complexity, Currency, Economic Theory, Free Market, Game Theory, Inspiration, Interdependency, Perpetuity, Psychology, Rational Choice Theory, Self-Government, Self-Reliance, Self-Rule, Self-Sufficiency, Sociology, Solutions, Specialism, Trade, Wealth, Zero-sum | Leave a comment

When in the Course of human events…

In the wake of the latest election, several states have petitioned the White House to peacefully secede from the United States. Sometimes, that is all that seems to be left in a system that is overgrown and overbearing. The US … Continue reading

2007-08 Crisis, Autarchy, Budget Deficit, Bureaucracy, Capitalism, Closed System, Competition, Complexity, Culture Divide, Currency, Current Events, Debt Ceiling, Economic Policy, Economic Theory, Federal Budget, Free Land, Free Market, Frontier Thesis, Inflation, Inspiration, Interdependency, Keynesianism, Legal Theory, Marxism, Motivation, National Debt, Perpetuity, Political Theory, Polycentrism, Rational Choice Theory, Self-Government, Self-Reliance, Self-Rule, Self-Sufficiency, Sociology, Solutions, Systems Theory, Taxes, Trade, Wealth, Welfare Statism, Zero-sum | Leave a comment

Reflections on the election

In response to the election, many on the political Right have expressed dismay on the fate of liberty and the chances for a return to Constitution-based governance. Hopes for real autarchy have all but disappeared. It is clear that, in … Continue reading

Autarchy, Bureaucracy, Capitalism, Closed System, Competition, Culture Divide, Current Events, Economic Policy, Economic Theory, Education, Free Market, Frontier Thesis, Health Care, Inflation, Interdependency, Keynesianism, Legal Theory, Marxism, Motivation, National Debt, Perpetuity, Political Theory, Psychology, Public Choice Theory, Rational Choice Theory, Self-Government, Self-Reliance, Self-Rule, Self-Sufficiency, Sociology, Solutions, Systems Theory, Taxes, Welfare Statism | 1 Comment

The rhyme of unreason

From my forthcoming book on Behavioral Economics: You may not realize it, but you are irrational. At least, that is what researchers in a growing new science are saying. That science is Behavioral Economics, and it is changing the way … Continue reading

Behavioral Economics, Economic Theory, Psychology, Rational Choice Theory, Sociology | 11 Comments

The changing middle

(Cafe Hayek) This fascinating collection of charts from the Tax Foundation includes these two charts that show how much demographics have changed and how difficult it is to draw conclusions over time: The median “taxpayer”, the unit that is in the … Continue reading

Autarchy, Behavioral Economics, Competition, Culture Divide, Current Events, Economic Theory, Interdependency, Poverty, Rational Choice Theory, Specialism, Systems Theory, Wealth | Leave a comment

A medical system on life support

ESCAPE FIRE: The Fight to Rescue American Healthcare tackles one of the most pressing issues of our time: how can we save our badly broken healthcare system? American healthcare costs are rising so rapidly that they could reach $4.2 trillion … Continue reading

Bureaucracy, Capitalism, Closed System, Competition, Complexity, Current Events, Economic Policy, Free Market, Frontier Thesis, Health Care, Inflation, Interdependency, Keynesianism, Motivation, Perpetuity, Poverty, Rational Choice Theory, Specialism, Systems Theory, Technology, Wealth, Welfare Statism | Leave a comment

Food waste a growing concern

(TED) Western countries waste up to half of their food. This is an injustice Tristram Stuart has dedicated his career to fixing. In his newest book, Waste: Uncovering the Global Food Scandal, Tristram shows how changing the systems that result … Continue reading

Autarchy, Closed System, Complexity, Consumerism, Ecology, Health Care, Interdependency, Motivation, Perpetuity, Poverty, Rational Choice Theory, Self-Reliance, Self-Sufficiency, Solutions, Specialism, Technology, Trade, Wealth | Leave a comment

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 | Leave a comment

Piracy, one side of the argument

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Capitalism, Competition, Copyright Law, Current Events, Economic Theory, Free Market, Rational Choice Theory, Technology, Trade, Wealth | Leave a comment

The Prisoner’s Dilemma redux

(Freakonomics) Several years ago, Felix Oberholzer-Gee, Joel Waldfogel and Matthew W. White, published a fascinating empirical article about the prisoner’s dilemma game embedded in the short-lived U.S. game show “Friend or Foe.” Their core findings: Using data from two seasons … Continue reading

Behavioral Economics, Closed System, Competition, Economic Theory, Game Theory, Inspiration, Rational Choice Theory, Sociology, Zero-sum | Leave a comment

Traditional as the new radical

Shannon Hayes writes and works with her family on Sap Bush Hollow Farm in upstate New York. She is the author of Radical Homemakers, The Farmer and the Grill and The Grassfed Gourmet Cookbook. She is a feminist and, interestingly, … Continue reading

Autarchy, Bureaucracy, Competition, Culture Divide, Division of Labor, Economic Theory, Education, Free Market, Frontier Thesis, Inspiration, Interdependency, Polycentrism, Psychology, Rational Choice Theory, Self-Reliance, Self-Sufficiency, Simplicity, Sociology, Solutions, Specialism, Trade | Leave a comment

Can currents in childbearing be healthy for the economy?

(Child Trends) Having children outside of marriage–nonmarital childbearing–is increasingly common in the United States. A new Research Brief, Childbearing Outside of Marriage: Estimates and Trends in the United States, describes how the population of women bearing children outside of marriage has … Continue reading

Behavioral Economics, Complexity, Culture Divide, Current Events, Economic Policy, Economic Theory, Interdependency, Motivation, Poverty, Rational Choice Theory, Wealth, Welfare Statism | Leave a comment

Signs of a new de-urbanization?

After the fall of the Roman Empire in the 5th century, a great de-urbanization took place when city dwellers realized that the centralized system was unreliable and even dangerous. Smaller, local bands arose to meet the needs formerly promised by … Continue reading

2007-08 Crisis, Autarchy, Budget Deficit, Bureaucracy, Capitalism, Closed System, Competition, Current Events, Debt Ceiling, Distributism, Division of Labor, Ecology, Economic Theory, Federal Budget, Free Land, Free Market, Frontier Thesis, Game Theory, Inspiration, Interdependency, Legal Theory, National Debt, Political Theory, Polycentrism, Poverty, Rational Choice Theory, Self-Government, Self-Reliance, Self-Rule, Self-Sufficiency, Simplicity, Solutions, Specialism, Systems Theory, Trade, Wealth, Zero-sum | Leave a comment

Good reads–Thinking, Fast and Slow by Daniel Kahneman

By many accounts, Daniel Kahneman is the father of his field, Behavioral Economics, which is a mix between behavioral psychology and traditional economics and has provided perhaps the most fascinating material in recent pop science literature. While this book is … Continue reading

Behavioral Economics, Economic Policy, Economic Theory, Good Reads, Influences, Inspiration, Motivation, Political Theory, Psychology, Rational Choice Theory, Sociology | Leave a comment