#1 - Non-aggression principle and victimless crimes “How would a libertarian society address drug addiction, public services, caring for the poor, or reckless businesses? #2 - Free-market economics - libertarians prefer laissez-faire capitalism over government...
Schools of Economic Thought
This lesson on the Schools of Economic Thought is additive to the Class on Economic Schools of Thought and helps us make better predictions.
Behavioral Economics
What Is Behavioral Economics? Behavioral economics is, in a way, at the intersection of economics and psychology. In fact, the "behavioral" in behavioral economics can be thought of as the analog of the "behavioral" in behavioral psychology. On one hand, traditional...
Fractal Economics is the New Economic Paradigm
Fractal Economics is giving economics its “Copernican Moment.” Before Copernicus, it was widely believed that everything – including the Sun – revolved around the Earth, rather than the Earth revolving around the Sun. Everyone used Ptolemy’s description of the...
Understanding Libertarian Morality: The Psychological Dispositions of Self-Identified Libertarians
Understanding Libertarian Morality: The Psychological Dispositions of Self-Identified Libertarians https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0042366#authcontrib Abstract Libertarians are an increasingly prominent ideological group in U.S....
Hayek on Health Care
Hayek on Health Care and Other Social Safety Nets This lesson is on how Hayek views Health Care and other Social Safety Nets. The following passage is taken from The Road to Serfdom, Text and Documents, The Definitive Edition, by F. A. Hayek, edited by Bruce Caldwell,...
Frank S. Meyer: The Fusionist as Libertarian
Frank S. Meyer: The Fusionist as Libertarian Until a few years ago, the conservative spectrum could be comfortably sundered into the "traditionalists" at one pole, the "libertarians" at the other, and the "fusionists" as either judicious synthesizers or muddled...
Fractal Markets Theory
Fundamentals Of Fractal Markets Theory< In the wake of the 2008 financial crisis, many have challenged the dominant economic theories and perspectives on markets. The Efficient Market Hypothesis (EMH) in particular has fallen short in explaining the crisis. According...
I, Pencil
The activities for Economics in One Day are developed around the themes of Leonard E. Read’s classic essay, ‘‘I, Pencil.’’ ARTICLE: I, Pencil: My Family Tree - Leonard Reed (FEE.org) [http://at.fee.org/1yAq6Jf] ‘‘Not a single person in the world knows all the...
A Hayekian Case for Free Markets
This essay by Matt Zwolinski provides a strong argument for a Hayekian Case for Free Markets how they fit into a stable economic system.
Hayek’s Biggest Ideas
Five of Hayek's Biggest Ideas F. A. Hayek has had a lot of great thoughts. I'd thought it would be useful to layout 5 of Hayek's biggest Ideas. Friedrich August von Hayek (1899-1992) is today glorified by freedom lovers all around the world. The Austrian in a double...
Fractal Politics
Fractal Politics “The rise of fractal politics” was first submitted to the Nine Dots Prize in response to the question, “Are digital technologies making politics impossible?” The essay was written as a thought piece prior to the announcement of the 2017 UK General...
Adam Smith – Wealth of Nations
The Condensed Wealth of Nations and The Incredibly Condensed Theory of Moral Sentiments Eamonn Butler Contents 1 Introduction 4 2 The Condensed Wealth of Nations 7Book I: Economic efficiency and the factors of production 9Book II: The accumulation of...
Individualism: True and False | F. A. Hayek
According to Hayek, there are two opposing ideas about how to understand individuals and the society in which they live: true individualism and false individualism. These ideas permeate all social and political thought. They apply to beliefs about reason and knowledge, economics, justice, equality, power, tradition, marriage and family, and government.
A Hayekian Case for Free Markets and a Basic Income
Introduction If Friedrich Hayek is not in our discussions on how best to govern a community, he should be. Not only because his most popular book, The Road to Serfdom, was used by Reagan and Thacher to run a country (their own admission), but because he has a lot of...
The Art of the Trump Trade Deal – Stephen Moore
Posted: Apr 03, 2018 12:01 AM The opinions expressed by columnists are their own and do not represent the views of Townhall.com. Is it possible that Donald Trump is winning on trade? Last week, Trump apparently delivered two underappreciated victories as a result of...
F. A. Hayek – The Use of Knowledge in Society
The complete essay from F. A. Hayek called: “The Use of Knowledge in Society.” It is a fundamental document our Learning Network uses to process information
Trump Supporting Convenience Store Is Offering $50,000 Bounty For Kathy Griffin’s Head
Tweet A convenience store in Tennessee is featuring a scrolling digital sign outside the gas station offering $50,000 for Kathy Griffin’s head. Lewis Country Store’s Facebook page is littered with controversial messages in an attempt to garner attention. The store’s...