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
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
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 are Libertarians so obsessed with liberty? Many foreign to the philosophical basis for Libertarianism may wonder what exactly makes them think of liberty as so special and unique in comparison to all the other standards one can use as the fundamental basis for one's ethics, such as fairness, justice or equality. Why should liberty be … Continue reading Why is Liberty the Noblest of All Values?
In our contemporary culture there has been an increasing emphasis on oppression. The current fight for social justice demands an end to oppression and discrimination. The core of the matter is certainly understandable, if not admirable, and many followers have good intentions in legitimately wanting to decrease the occurrence of these vices, but as I … Continue reading The Antidote to the Oppression Narrative
This article was originally published on Medium. The potential in the Stoic philosophy is difficult to overstate. Not only is it philosophy in the sense of thinking out subtle thoughts and limited to the theoretical, but even more importantly, it is an impetus people to change for the better, to use their time efficiently and … Continue reading The Root of the Stoic Philosophy: Opportunity Cost
This article was originally published on Medium. The consciousness of the human psyche implies a network of knowledge — meaningful and systematized information — which along with biological predispositions guide our behavior and work as filters for new information. The stability of this network is determined by its foundation (axioms) and structure. A weak foundation with false or misleading … Continue reading On Humility and Arrogance