All Communication Lessons

All Communication Lessons

Libertarianism Basics

#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...

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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...

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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,...

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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...

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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...

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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...

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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...

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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...

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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.

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