Subjectivism

Displaying 1 - 10 of 158

The Myth of Infrastructure Spending

Taxes and SpendingSubjectivism

Blog06/13/2017
Almost everyone agrees that infrastructure spending is always a slam dunk for the economy. Unfortunately, they're often wrong.

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Is it Junk or Is it Art?

SubjectivismValue and Exchange

Blog09/21/2016

The value of objects can change without any physical change to the object at all. I need only tell you that some junk you see is really art.

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The "Lucas Critique" Is Misesian at its Core

Philosophy and MethodologyPraxeologySubjectivism

Blog08/30/2016

Like Mises, economist Robert Lucas understood that realities of human action make it impossible to treat economics as if it were a physical science.

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What Pokémon Go Teaches Us About Capitalism

The EntrepreneurMedia and CultureSubjectivism

Blog08/01/2016

Pokémon Go contains many elements of capitalism, even those which its critics most revile.

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Was Mises a Cynic?

Philosophy and MethodologySubjectivismValue and Exchange

Blog07/05/2016

Mises maintained that humans act out of self interest. But that doesn't mean others can't benefit from those actions, regardless of intent.

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USDA: People Make the Choice to Eat Unhealthy Food

U.S. EconomyCalculation and KnowledgeSubjectivism

Blog06/13/2016

Evidence continues to pile up against the claim that low-incomes cause obesity thanks to insufficient access to grocery stores.

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Everyone Wants Profits — Including "Non-Profit" Groups

The EntrepreneurPraxeologySubjectivismValue and Exchange

Blog06/05/2016

Every human action is undertaken in the hope of gaining at least some psychic profit. Profit need not be measured in dollars.

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Economics, Entrepreneurship and the NFL Draft

EntrepreneurshipSubjectivism

Blog04/28/2016

Whether it be the owner, the general manager, or the head coach, whomever has the final say on draft day is making a judgment in the face of uncertainty that they hope will benefit their organization.

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Only the Private Sector Can Determine the "Correct" Number of Immigrants

The EntrepreneurPolitical TheorySubjectivismValue and Exchange

Blog03/31/2016

Subsidies, government quotas, and regulations of workers won't make us richer or better off. Only private owners and entrepreneurs can determine the best way to use labor (and capital). 

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The Real Value of a Powerball Ticket

Media and CultureSubjectivismValue and Exchange

Blog01/10/2016

Rather than a cold estimate of the probability of future returns, the Powerball actually illustrates the subjective theory of value.

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