- Bureaucracy
- Capitalism
- Closed System
- Competition
- Complexity
- Consumerism
- Current Events
- Economic Policy
- Economic Theory
- Federal Budget
- Free Market
- Health Care
- Inflation
- Interdependency
- Keynesianism
- Marxism
- Motivation
- National Debt
- Notable Quotables
- Perpetuity
- Political Theory
- Poverty
- Systems Theory
- Trade
- Welfare Statism
- Zero-sum
Juggernaut cometh
Jurist Richard Posner sums things up pretty well: (Becker-Posner) The institutional structure of the United States is under stress. We might be in dangerous economic straits if the dollar were…
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…
Is the modern political economy a zero-sum game?
In Part III of Juggernaut, I show how the use of government as a wealth-transferring system necessarily exasperates competition in the economy and creates what can best be described as…
IRS to institute licensing for tax preparation?
For more visit http://www.ij.org/IRS Congress never gave the IRS the authority to license tax preparers, and the IRS can’t give itself that power. But last year the IRS imposed a…
Can ocean cities revolutionize politics?
In the fourth part of the book, I explain how it is necessary to recreate the frontier in order to regain the politico-economic balance needed for free markets. There are…
The parasite economy
From a recent Heritage release: This annual study by The Heritage Foundation analyzes federal assistance programs for everything from housing, health care, and food stamps to college tuition and retirement…
- 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
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,…
- Closed System
- Competition
- Complexity
- Current Events
- Distributism
- Ecology
- Economic Theory
- Free Land
- Frontier Thesis
- Game Theory
- Indiana School
- Influences
- Interdependency
- Motivation
- Perpetuity
- Political Theory
- Polycentrism
- Public Choice Theory
- Self-Government
- Self-Rule
- Solutions
- Systems Theory
- Zero-sum
Sustainable development and the tragedy of commons
Stockholm whiteboard seminars: Nobel Prize-winner Elinor Ostrom explains how people can use natural resources in a sustainable way based on the diversity that exists in the world. Succinct brilliance.
- 2007-08 Crisis
- Austrian School
- Closed System
- Competition
- Complexity
- Current Events
- Debt Ceiling
- Economic Policy
- Economic Theory
- Federal Budget
- Foreign Aid
- George Mason School
- Inflation
- Interdependency
- Keynesianism
- Marxism
- Motivation
- National Debt
- Perpetuity
- Political Theory
- Systems Theory
- Wealth
- Welfare Statism
- Zero-sum
The end of the euro?–Tyler Cowen on the European crisis
(EconTalk) Tyler Cowen of George Mason University talks with EconTalk host Russ Roberts about the European crisis. Cowen argues that Greece is likely to default either in fact or in…
- 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
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…
Is greater state sovereignty the last hope?
(The Daily Bell) Just following Congress, the 2012 presidential campaign and the inability of citizens to influence government policy makes it clear to every American how broken the US political…
Why would people want to raise taxes but not be willing to donate to the treasury?
Washington — Two dozen “patriotic millionaires” traveled to the Capitol on Wednesday to demand that Congress raise taxes on wealthy Americans. The Daily Caller attended their press conference with an…
- 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
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…
Does forgiving debt reduce economic stress?
(Christian Science Monitor) President Obama on Wednesday is launching a new plan to lower the cost of paying back student loans for millions of borrowers – the latest installment in…
- 2007-08 Crisis
- Autarchy
- Budget Deficit
- Closed System
- Competition
- Complexity
- Culture Divide
- Current Events
- Economic Policy
- Economic Theory
- Federal Budget
- Inflation
- Interdependency
- Keynesianism
- Marxism
- Motivation
- National Debt
- Perpetuity
- Political Theory
- Poverty
- Resources
- Self-Reliance
- Self-Sufficiency
- Sociology
- Systems Theory
- Wealth
- Welfare Statism
- Zero-sum
I could be wrong, but I’m not
Part of the 99%: Part of the 53%:
The Juggernaut in a nutshell
Before talking about economics, I want to say something about democracy. In July, I was in Spain, talking to the “indignados” there, the protesters. There, I could use a bullhorn….
- Closed System
- Competition
- Complexity
- Culture Divide
- Current Events
- Debt Ceiling
- Economic Policy
- Economic Theory
- Federal Budget
- Game Theory
- Inflation
- Interdependency
- Keynesianism
- Legal Theory
- Marxism
- Motivation
- National Debt
- Notable Quotables
- Perpetuity
- Political Theory
- Poverty
- Systems Theory
- Wealth
- Zero-sum
Occupy Wall Street demands are vaguely familiar
The protestors on Wall Street known as ‘Occupy Wall Street’ have recently been identified by a list of demands evidently posted by one of their followers. Though there are no…
The social contract question
Granted we are social animals and engaged in a social contract, why does Warren assume that the factory owner isn’t putting forth his part of the bargain? Is it assumed…
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…
Is Social Security a Ponzi Scheme?
In the last couple of Republican presidential debates, a comment made by candidate Rick Perry on whether Social Security is a Ponzi Scheme has been the center of much discussion….