Currently viewing the tag: "costs"

I. Curt, what does “Exchange under trade is different from exchange under market.” mean?

Trade and Market are commonly framed as causally synonymous when they are not. Trade is natural to humans. Markets are an institution that humans have made [...]
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Pareto, in his study of society, and Haight in his study of emotions, and perhaps Axelrod as well in his study of human cooperation, do not attribute to Status Signaling the importance which it deserves. Haight is far too interested [...]
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A Little History For Context

The term ‘Freedom’, and its near relation ‘Liberty’, have a long heritage.   The babylonian words “ama-gi”, meaning “Return To The Mother”, written in cuneiform, are often cited by Libertarians as the first written use [...]
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Leftists wish to remake society. They want to return us to the “homogenous tribal redistributive society” (HTRS) on a large scale. They will fail. They have failed. They cannot make a homogenous redistributive and tribal society from a multicultural empire [...]
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I dont like to criticize postings at the Mises Institute, of whom I have been a member and supporter for almost a decade. It is far less work to improve on small errors than to solve catastrophic ones. And [...]
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Timeplots posted an infographic on women’s participation in congress, which, all things being equal, has essentially remained flat. However, I take issue with the assumption that participation alone is a measure of somehting valuable, other than than as [...]
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Beezer of beezernotes.com, posting on The Economist’s View, left a short reply to the posting, “Goodbye Homo Economicus.” I wanted to capture it because it’s both simple and accurate but also inverted and erroneous. And I do not mean [...]
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I’ve been asked quite a few times what I mean by “calculation.” My editor, among others, has stated that I’m not clear. So I’m going to try to put this in context.

CALCULATION
The English word derives from the [...]
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The horrid natural impact of laws was something surprising to me. We have for well over two thousand years been subject to a method of thought and a political tool that was designed for managing slaves: law. And slavery is [...]
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The purpose of life, of philosophy. Men have pondered this forever. Since writing and civilization began. The oral traditions tell us stories. But only philosophers and prophets attempt to solve the purpose of life, rather than distribute advice in the [...]
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