Behavioral Economics Challenges the Rationality of Consumer Choices
While behavioral economics claims to be an effective way of measuring individual economic behavior, it actually sets back authentic economic analysis.
While behavioral economics claims to be an effective way of measuring individual economic behavior, it actually sets back authentic economic analysis.
Forty years ago, American politicians claimed that Japanese economic success was due to government economic planning. Unfortunately, the myth of industrial policy never seems to die, no matter how many times it is discredited.
Yuval Noah Harari, who teaches history at Hebrew University in Jerusalem, denies that free will exists. However, to deny free will is to deny human action itself.
More than sixty years ago, Mao launched the disastrous Great Leap Forward. Progressive elites today are trying to force GLF II in the form of the Great Reset. If implemented, it will be even more disastrous than Mao's original folly.
Unemployment remains low but for the wrong reasons. Low unemployment rates are not a sign that the economy is doing well.
Shortly after hearing about the birth of Jesus, Herod the king tried to have the child murdered. Indeed, Herod's oppressive rule and the predations of the Roman state play a huge role in the Christmas story.
While socialists posit socialism as a humane and ethical system, it is anything but that. Mises understood its brutality long before socialism gripped the world.
Why do societies implode into a mass of statism and tyranny? David Gordon finds some answers with philosopher R.G. Collingwood.
Remember those dystopian futuristic films in which the evil people try to electronically erase the heroes? Social media companies are trying to recreate that scenario.