How long does one need to work, on average, to afford a given thing? Measuring the (mostly) falling costs of various goods across time.
Most stuff is getting cheaper: Cost of goods measured in labor time needed to buy Read More »
Review of Leonidas Zelmanovitz,The Ontology and Function of Money: The Philosophical Fundamentals of Monetary Institutions Lexington Books, 2015, 447 pp.Reviewed by Stephen HicksFirst published at Law and Liberty, edited by Richard Reinsch and Lauren Weiner. Money is funny, the old saying goes, both in the cognitive puzzles it generates and the motivational extremes of human
Review of Zelmanovitz on the philosophy of money Read More »
This is a great opening: “Once upon a time I got interested in theories of economic development because I had studied a low-income country, poorer than Congo, with life expectancy half as long and infant mortality three times as high as the average developing country. “That country is my own country, Sweden—less than 150 years
How Sweden became rich Read More »
Adolf Hitler joined the Nazi party after being inspired by Gottfried Feder’s 1919 speech about the new party’s ideals. An indication of those ideals is in Feder’s 1919 publication, Manifesto for the Abolition of Enslavement to Interest on Money. Here’s an excerpt from (Nazi sympathizer) Hadding Scott’s translation of Feder’s manifesto: “The abolition of enslavement
When Adolf joined the Party Read More »
Socialism by the numbers. This unit of the Atlas Intellectuals course provides data on countries that are currently socialistic. The complements the first eleven units of our Socialism course, which cover theoretical and historical aspects of socialism and their implementations. Find the data here. We analyzed and compared 24 countries to each other and the
Data on Socialism [Atlas Intellectuals] Read More »
Quick comment on the tweet’s rhetoric: Step 1: Government incentivizes orgy of debt. Step 2: Many semi-responsible people indulge. Step 3: Predictable economic disaster ensues. Step 4: Debtors ask government to wave its magic money wand to disappear their debts. Correction to Step 4: They *demand* the disappearance of the debt. Step 5: Throw in claim that
Debt responsibilities, student edition Read More »
This unit of our Atlas University course on Socialism analyzes democratic socialism: In our generation, most socialists have shifted away from overtly dictatorial socialism. Among younger people is some level of awareness of socialism’s terrible history but they still think of it as an ideal to be striven for. What do they hope for and
Hicks on “Democratic Socialism for Beginners” Read More »
First published in English : “Ayn Rand and Contemporary Business Ethics,” Journal of Accounting, Ethics, and Public Policy. Also at Social Science Research Network. Ayn Rand y la ética empresarial contemporánea Por Stephen R. C. Hicks, Ph.D. Introducción: los negocios y la sociedad libre, La literatura contemporánea: los negocios como amorales o inmorales, La ética
Ayn Rand y la ética empresarial contemporánea Read More »