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!
In his 1960 presidential campaign John F. Kennedy was forced to answer a question: As a Catholic, where did his loyalty lie? With the Church or with the American people? After all, as Pope Boniface VIII's 1302 papal bull, Unum Sanctum, explains; Catholics have a duty of submission to the Pope. JFK was able to … Continue reading Biden’s Catholicism is Malarkey
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
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
Dr. Walter Block has recently written a great article outlining a few current events in which the libertarian is unable to clearly see which side he should "take" on the matter. His thoughts nearly echo my own and given that he is the amazing writer he is, he has said it much better than I … Continue reading What About Black Market Self-Defense?
We're all scared, no doubt. How could you not be? It looks like the world is ending. We've been unable to work for months and now, the U.S. looks like Rome in 410 AD, police are forcibly attacking peaceful protesters, and there appears to be no semblance of law and order. I feel, to a … Continue reading Compassion for Victims
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
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?
A few months ago I wrote at The Buffalo arguing that Albertan equalization payments were no reason to force Alberta to remain a part of Canada. I argued, [L]et us suppose that Ontarians really are owed equalization payments from Albertans. Is this enough to justify keeping Alberta in the confederacy? Certainly not. Does not Canada … Continue reading I was Right about Alberta and Foreign Aid
What an ordeal this has been! Our invisible enemy, COVID-19 has come to wreak havoc on our people and we are doing everything we can to prevent it from destroying what we know as civilization. This, not unlike climate change, is the great existential threat that we must all face. And apparently we must all … Continue reading Who are these “Experts”?