Politics/Economics

Economic Theory Explains The Data, Not Vice Versa

Originally published at Austro-Libertarian under the title "Economic Analysis and the Limits of Empirical Data and Model Driven Conclusions" We live in the age of the anti-apriori; a complete rejection of any theory which exists independent of “the data.” This refusal to embrace or even consider the importance of theory advertises itself as a commitment to… Continue reading Economic Theory Explains The Data, Not Vice Versa

A Spontaneous Order, Politics/Economics

A Spontaneous Order: Money and Banking

Consider purchasing a copy of A Spontaneous Order: The Capitalist Case For A Stateless Society This chapter will examine the indispensable role that money and banking play in society. Scarcely any other concept is more important to understanding the nature and beauty of economic spontaneous order than money and banking. Money allows us to protect… Continue reading A Spontaneous Order: Money and Banking

Politics/Economics

The Private Sector Vs. The State

A common question in society today is how the public should decide certain political and economic issues. I wish to posit that not only is this less important than the question of whether the government should be involved at all, but it is falsely premised. There is no "public sector". As legal and political theoretician… Continue reading The Private Sector Vs. The State

Politics/Economics

Privatize Everything: Defining Private, Common, and Public Property

https://youtu.be/nNTDqAunbCc This article was first published as "Of Private, Common, and Public Property and the Rationale for Total Privatization” Libertarian Papers 3, 1 (2011). I have three goals. First, I want to clarify the nature and function of private property. Second, I want to clarify the distinction between "common" goods and property and "public" goods… Continue reading Privatize Everything: Defining Private, Common, and Public Property

History/Culture, Politics/Economics

Marxist and Austrian Class Analysis

[From Chapter 4 of The Economics and Ethics of Private Property by Hans-Hermann Hoppe.] I will do the following in this chapter: First, I will present a series of theses that constitute the hard-core of the Marxist theory of history. I claim that all of them are essentially correct. Then I will show how these true theses… Continue reading Marxist and Austrian Class Analysis