Donations
Please consider donating to help keep this blog running.
- Economic Thought on Facebook
Tag Archives: Private
Self-Ownership and Private Property
Is private property a necessary consequence of self-ownership, or is it more accurately a product of rationality? Continue reading
Private Defense in an Anarchic Society
Great discussion between Robert Murphy and I on private defense in an anarchic society. He is a natural rightist, and I take a praxeological approach to the subject. Continue reading
Posted in Property, Theory
Tagged Anarchy, defense, Murphy, natural, Private, rationality, rights
6 Comments
Robert Murphy on the Double Dip
I’d like to come to Murphy’s defense regarding inflation and offer some points on the possibility of a double-dip. For the time being, I predict a continuation of the upward inflationary trend. We are seeing a greater destruction than production of wealth, as it flattens the structure of production. This is a trend towards impoverishment, not recovery, and does indicate the possibility of an increase in the rate of change of CPI. Continue reading
Posted in Uncategorized
Tagged Bubble, consumer, debt, Depression, dip, double, expenditure, Great, index, inflation, Investment, price, Private, production, public, Recession, stagflation
2 Comments
Deforation is the Tyranny of Government
Deforestation requires governments to respect private property rights, and allow individuals to rightfully acquire and cultivate farmland. Continue reading
How Not to Make Globalization Work
In Making Globalization Work, Joseph Stiglitz fails to make a good case against liberalization. Instead, he further underscores liberalization’s importance in global development, and instead misidentifies mercantilism as ” capitalism”. Continue reading
Posted in Books
Tagged Capital, global, globalization, intellectual, labor, liberalization, markets, outsourcing, Patents, Private, Property, Stiglitz, Unemployment, wages
4 Comments
Don’t Be Fooled by GDP
Third-quarter data for 2009 is misleading, because most of the growth in GDP is only temporary and will cost us the same, or more, in the near future. Economic prognostics should not be based on GDP data, but on sound economic theory. Continue reading
Posted in Theory
Tagged consumption, domestic, Government, Great, gross, Investment, Private, product, public, Recession, spending, Statistics
2 Comments
Liberalized Capital Markets and Poverty
There seems to be a great deal of misconceptions in regards to what market liberalization is, to how Capitalism can foster economic growth in any given country and the case of globalism in the Third World. As a result, many have unconvincingly and incorrectly attributed greater impoverishment to the liberalization of capital markets. Continue reading
Forestation through the Free-Market
Roughly half of the world’s original forested surface area no longer exists. We depend on these forests for our survival. The key to long-term ecological sustainability is the free-market and private property rights. Continue reading
Posted in Property, Theory
Tagged Deforestation, Ecology, free, Government, Green, Intellectuals, Investment, market, Movement, Private, Property, rights, Sustainability
Leave a comment
Why Capitalism Has Failed in the Third World
Hernando de Soto presents the solution to solving poverty in the Third World. The answer lies in private property rights, which he shows are virtually non-existent in countries suffering from severe economic woes. Continue reading
When Charity Saved Rome
The Roman Army was not invincible, and the Roman State did not always have a bottomless treasury. During the First Punic war, Rome found herself penniless and fleetless and soon found herself in debt with the generosity of her private sector. Continue reading