Book Review | As We Go Marching: A Biting Indictment to the Coming of Domestic Fascism in America – John Flynn

In modern America, the terms "fascism" and "fascist" have come to take on a vague meaning to describe anyone whom one considers abhorrent or disagreeable, and any technical understanding of the terms appears now to almost exclusively be held by scholars in the fields of history, political philosophy, and economics. Not only has these terms … Continue reading Book Review | As We Go Marching: A Biting Indictment to the Coming of Domestic Fascism in America – John Flynn

Book Review | Capitalism in America: An Economic History of the United States – Alan Greenspan & Adrian Wooldridge

Given Alan Greenspan's notorious reputation among libertarians as a Randian free-marketeer who became corrupted during his time in the Federal Reserve and ended up being largely responsible for the easy money policy that contributed to the Great Recession, I was curious as to how he would characterize particular events in the economic history of the … Continue reading Book Review | Capitalism in America: An Economic History of the United States – Alan Greenspan & Adrian Wooldridge

Metrics vs People in Economic Analysis

Metrics are created to establish quantifiable ways to determine certain trends, be they positive, negative, or neutral. As far as the metrics appropriately signal what they're intended to represent, they may be quite useful to a certain extent, but unless one is conscious of their limitations, they can be "cheated" and accordingly become misleading indicators. … Continue reading Metrics vs People in Economic Analysis

Entrepreneurship in a Stateless Society

Given the State's far-reaching involvement in various aspects of our lives today, it's clear that the absence thereof would at least to some degree have led to an alteration of the social and economic arrangements presently characterizing our societies. Anarchists all agree that a stateless society would, generally speaking, turn out better than a Statist … Continue reading Entrepreneurship in a Stateless Society

The Epistemology of Mathematical Economics and the Austrian Critique

Table of Contents Introduction Reflections on Epistemology The Epistemology of Mathematics From Physics to Economics Economic Thought Before Econometrics The Origins of Econometrics William Petty Leon Walras Methodenstreite: The Austrians vs. the Prussian Historical School Caveats in Economic Statistics GDP CPI Other metrics Causation or Correlation? Are Economic Equations Really Necessary? What is the Purpose … Continue reading The Epistemology of Mathematical Economics and the Austrian Critique

Why Socialism Leads to Totalitarianism and Vice Versa

Despite the horrific experience with Socialism across the world throughout the 20th century, the doctrine still maintains plenty of followers and has been growing especially since the Great Recession. "It wasn't real Socialism," they proclaim. While the Statist Socialists, most of whom call themselves "Democratic Socialists", contend that their system could work as long as … Continue reading Why Socialism Leads to Totalitarianism and Vice Versa

On Criticising Private Businesses and the State

A common mischaracterization of the libertarian position is that it is either indifferent to or supportive of all kinds of unethical activities conducted by businesses and individuals in the private sphere. Although this appears to be more of an attempt to stigmatize libertarianism than to carefully assess it, it's true that its proponents exert far … Continue reading On Criticising Private Businesses and the State