Friday, September 30, 2011

Objectivism and the Gold Standard

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Ayn Rand and Alan Greenspan both assumed that the government would be the only source of money.  Even in Atlas Shrugged when John Galt hand...
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Wednesday, September 28, 2011

Aging in America: Alternatives to Government Policies

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The first Boston Marathon measured 24.5 miles. “On April 19, 1897, John J. McDermott of New York , emerged from a 15-member starting field a...
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Friday, September 23, 2011

Ground Truth

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Geographers who work with remote sensing data call "ground truth" the final empircal test.  You never know for sure what the instr...
Saturday, September 17, 2011

The Roots of Poverty

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In The Economy of Cities , Jane Jacobs wrote: “To seek 'causes' of poverty in this way is to enter an intellectual dead end because ...
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Thursday, September 15, 2011

"Maybe it's what they don't have."

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About halfway through Atlas Shrugged , the weak businessman, Mr. Mowen, sees an anonymous worker lashing down machinery on a flatcar.  The r...
Wednesday, September 14, 2011

The Family Business

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The classic entities of businesses, households, and governments might be useful constructs for conceptualizing market operations, but, reall...
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Tuesday, September 13, 2011

Why Evidence is Not Enough

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Generally, people rated authors as experts when the views coincided with their own. Kahan and his team created three authors and their books...
Monday, September 5, 2011

Hook 'em Horns!

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I arrived in Austin on August 31 and started unpacking the 26-foot Penske truck that I loaded in Ann Arbor the previous week. My wife flew d...
Tuesday, August 23, 2011

Numismatics informs Economics

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If economists actually collected and studied the media of commerce, they would avoid errors common even to advocates of capitalism.  Milton ...
Monday, August 22, 2011

Numismatics: the Standard of Proof in Economics

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Hayek, Mises, and Rothbard, and of course Friedman,  for all their passion, lacked any understanding of numismatics.  As a result, their t...
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