What do Demonstrated Preferences Demonstrate? Expectations!

Murray Rothbard's disruptive paper, "Toward a Reconstructionof Utility and Welfare Economics" has given Rothbardians a foundation for welfare economics which relies on demonstrated preferences. What are demonstrated preferences? As Rothbard explains; The concept of demonstrated preference is simply this: that actual choice reveals, or demonstrates, a man’s preferences; that is, that his preferences are deducible … Continue reading What do Demonstrated Preferences Demonstrate? Expectations!

Comments on the Relationship Between Corporate Social Responsibility and Profitability

My research for my MA thesis has had a nice overlap with the accounting ethics class which I am TAing for. Students have been learning about the benefits that corporate social responsibility (CSR) has for businesses. The students learn that there are various benefits from CSR which may lead to greater profitability in the future, … Continue reading Comments on the Relationship Between Corporate Social Responsibility and Profitability

Christian Distributism & Anarcho-Capitalism

Chronicles Magazine has published an interesting three-article series in which three authors defend "Laissez-Faire Capitalism", "Economic Nationalism", and "Christian Distributism" against one another. They are written by Walter Block, Darrell Dow, and Allan C. Carlson respectively. I suggest that any conservative reader of my blog check them out as they are all well-written and offer … Continue reading Christian Distributism & Anarcho-Capitalism

Important Distinctions Between Libertarians – Or, Some Things Milton Friedman and I Disagree On

A few months ago, while discussing Milton Friedman's 1953 article, "The Methodology of Positive Economics" with a Marxist colleague of mine, he called Friedman "an evil little man". Neither me nor the Marxist are particularly tall in stature ourselves but I understood the sentiment (perhaps he meant a morally little man). Given my austro-libertarian persuasions … Continue reading Important Distinctions Between Libertarians – Or, Some Things Milton Friedman and I Disagree On

Shared Ownership & Business Partnerships: What is the Solution to Split Shareholder Voting?

I would like to begin this post by pointing to a difference between Hans-Hermann Hoppe's 2014 lecture at the Property and Freedom Society and its subsequent publication in his 2018 book, Getting Libertarianism Right. In his lecture Hoppe says, "Absent, now, a perfect harmony of all interests, conflicts regarding scarce resources can only be avoided … Continue reading Shared Ownership & Business Partnerships: What is the Solution to Split Shareholder Voting?