Praxeology

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Individuals, Reason, and Action

Media and CulturePraxeology

Blog06/05/2017
It is always the individual who thinks. Society does not think any more than it eats or drinks.

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Week in Review: May 27, 2017

StrategyWorld HistoryPolitical TheoryPraxeology

Blog05/26/2017
Trump's budget signals that as far as government spending goes, it's business as usual in Washington.

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Broke and in Debt? Join the Club

Media and CulturePraxeology

Blog02/27/2017
Nearly half of Americans have no money for even moderately serious emergencies. This results from decisions we've made, both personal and political.

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Human Action Beats Stats in the Super Bowl

Media and CulturePraxeology

Blog02/06/2017
We study probability and statistics for the same reason we study economics: we want to make sense of the world.

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The Ethics of Entrepreneurship and Profit

The EntrepreneurPolitical TheoryPraxeology

Blog09/02/2016

With a state in existence, ultimately, all private property becomes state property.

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The "Lucas Critique" Is Misesian at its Core

Philosophy and MethodologyPraxeologySubjectivism

Blog08/30/2016

Like Mises, economist Robert Lucas understood that realities of human action make it impossible to treat economics as if it were a physical science.

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Stiglitz Is Wrong About Marginal Pricing

EntrepreneurshipPraxeologyPrices

Blog06/09/2016

Rising income inequality and concentration of resources into fewer large firms are not a problem for marginal-pricing theory.

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Everyone Wants Profits — Including "Non-Profit" Groups

The EntrepreneurPraxeologySubjectivismValue and Exchange

Blog06/05/2016

Every human action is undertaken in the hope of gaining at least some psychic profit. Profit need not be measured in dollars.

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