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

Is Anarchy a Faustian Bargain?

The common perception of Anarchy today appears to be one of chaos and destruction. Without the State, it is proclaimed, violence would immediately ensue; without law, there'd be no deterrent disincentivizing this, and we'd return, in the words of Thomas Hobbes (1660), to an age where "every man is Enemy to every man", and "the … Continue reading Is Anarchy a Faustian Bargain?

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

Book Review: Everything You Need to Know But Have Never Been Told | David Icke

The higher the wisdom the more incomprehensible does it become by ignorance. It is a manifest fact that the popular man or writer, is always one who is but little in advance of the mass, and consequently understandable by them: never the man who is far in advance of them and out of their sight. … Continue reading Book Review: Everything You Need to Know But Have Never Been Told | David Icke

Book Review: The Market Loves You | Jeffrey Tucker

As both a libertarian and a student of praxeology, I was somewhat perplexed from the title of Tucker's new book The Market Loves You. Only man acts, in the sense of utilizing means purposively to achieve certain objectives, as the praxeological axiom goes; the market as an aggregate of individuals cannot by itself act, and … Continue reading Book Review: The Market Loves You | Jeffrey Tucker

The State as a Business and Incentive Structure

During the millennia governments have existed, the core of their nature appears to hardly ever have been properly investigated or their legitimacy questioned. It's no rare phenomenon to see objections that the institution holds too much power at a given moment, or that it should not take on additional functions, but that's usually where the … Continue reading The State as a Business and Incentive Structure

Five Ways State Interference Leads to Class Antagonism

A fundamental principle of the Socialist doctrine is that of class antagonism. The bourgeois, or the "rich", its proponents contend, are necessarily in conflict with the working proletariats as the former seeks to enrich themselves as much as possible at the expense of the latter receiving lower wages than he considers appropriate for his work. … Continue reading Five Ways State Interference Leads to Class Antagonism

On Natural and Artificial Hierarchies

Except for the belief that the State ought not to exist, not much agreement can be settled across different factions of Anarchism. Self-proclaimed Anarchists often cannot even concur about what the foundational principles behind Anarchism really are. While "Anarcho-Capitalists" or "free market Anarchists" claim that one only needs to believe the State shouldn't exist (or … Continue reading On Natural and Artificial Hierarchies

What The Matrix Can Teach Us About Choice, Free Will and Human Action

Not scarcely is it referenced to the Matrix Trilogy in a contemporary political context, perhaps especially among conservatives and libertarians. They have "red-pilled", they say, alluding to when the main character Neo was given a choice between staying in blissful ignorance in the Matrix (blue pill) or waking up to the horrendous reality behind the … Continue reading What The Matrix Can Teach Us About Choice, Free Will and Human Action

Why the State Revels in Crises

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by an endless series of hobgoblins, most of them imaginary. - H. L. Mencken   The fundamental task the State proclaims to serve is that of protecting citizens from violence perpetrated amongst one another. For … Continue reading Why the State Revels in Crises