Aristotle and Economics

Political-Economic Ideas of The Greeks, Part 3

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The Investment Bankers Contribution: Directing Capital To Productive Uses

Productive companies and investment bankers who help them obtain capital are making an important contribution to human flourishing for which they should be proud.

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Plato: Father of the Totalitarian State

Political-Economic Ideas of The Greeks, Part 2

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Government, Business, and Human Flourishing

If we want to promote human flourishing and avoid human suffering, it is crucial that we challenge the ideal of government ‘redistribution’ of wealth and regulation of the economy and advocate reason, freedom and individual rights instead.

Celebrating Work: A Crucially Important Value

Work is a crucially important value. When productive, work gives us not only the material means of survival and enjoyment of life, but it is also the main source of self-esteem and provides a central purpose that makes the rest of our values achievable by helping prioritize them.

Intellectuals and Society by Thomas Sowell

In Intellectuals and Society, Thomas Sowell describes the different forms of the symbiotic relationship that exists between the intellectuals and the politicians. The intellectuals and politicians work together because their goals are closely aligned; they aim to increase the size of the government and take the decision-making powers away from private individuals and organizations.

Defending Oil Pipelines: The Invalid Concept of ‘Social License’

As appeasement and pursuit of ‘social license’ is futile, other oil and pipeline executives should follow Girling’s example and defend their companies on moral grounds for the great value they provide. Governments, for their part, should cease their welfare-destroying climate change policies and focus on protecting individual rights instead.

How We Know – Epistemology On An Objectivist Foundation

Harry Binswanger’s How We Know – Epistemology On An Objectivist Foundation (TOF Publications) is aimed at exposing the root causes of bad epistemology, and bringing clarity to the crucial questions: What is knowledge? How is it acquired? How is it validated? To a large extent, the material that Binswanger has presented was originated by Ayn Rand.

A Monetary Policy Primer, Part 6: The Reserve-Deposit Multiplier

The multiplier’s significance to monetary policy is, or used to be, straightforward: it indicated the quantity of additional bank deposits that monetary authorities could expect to see banks produce in response to any increment of new bank reserves supplied them by means of either open-market operations or direct central bank loans.

The Myth of the Myth of Barter

There is, after all, at least one impulse among humans that’s more deep-seated than their “propensity to truck, barter, and exchange.” I mean, of course, their propensity to let themselves be thoroughly bamboozled.