A reasonable way to think about any subject — science, engineering, technology, economics, etc etc — is to base the analysis on fundamental principles. It’s like using maths, starting with axioms and logically deriving theorems that can then be said… Read More ›
From a broad philosophical perspective, competition is encoded in the basic DNA of the universe. At every level of analysis, competing forces seek domination. At the largest inanimate scales, gravitational and electromagnetic forces constantly compete in stars. At the smallest… Read More ›
Here I reply to some of the comments to my post “Understanding Economics” of a few days ago.
Now for the important matter of the distinction between rights and freedoms. Of late, there has been a proliferation of rights. There’s the right to information, right to employment, right to food, right to education, and so on. Somehow people… Read More ›