Bulletin: Sex and Economics — A Modest Proposal [pdf] Text by Stephen R.C. Hicks Graphics by Christopher Vaughan Permanent URL Fellow citizens: Our nation’s sex life is in peril. Surveys show widespread sexual discontent. Market failure is everywhere. Many males complain of not getting enough sex and many females object to constant male looks and […]
From the Office of the Reproducer-General [press release] Read More »
The history of those who debase money in an effort to get something for nothing — i.e., coin clippers, counterfeiters, and central bankers — is long and sordid. Here’s an eye-opener about how one medieval king dealt with officers found guilty of devaluing the currency: “Henry I castrated currency officials whose output was found wanting.
On currency debasement and castration Read More »
Below is the transcript. Or here in PDF. The lecture is part of the Business Ethics Cases series. The Tragedy of the Commons (transcript) Video lecture by Stephen Hicks, Ph.D. Transcription by Matheus Pacini. Part 1: What the Tragedy Is [Video clip 1] The Tragedy of the Commons is a foundational case study in business
First, a healthy way to think about trade: Canada produces more and better maple syrup and high quality copper than the USA does. Yet the USA’s California wines are better than Canadian wines and the USA produces more hickory lumber than Canada does. So, Americans get more of their maple syrup and copper from Canada
Tariffs as tit-for-tat revenge Read More »
Bulletin: Sex and Economics — A Modest Proposal Fellow citizens: Our nation’s sex life is in peril. Surveys show widespread sexual discontent. Market failure is everywhere. Many males complain of not getting enough sex and many females object to constant male looks and advances. Other males are dissatisfied with the options available in their local
From the Office of the Reproducer-General Read More »
The Enlightenment of the long 18th century was an era of awesome intellectual and cultural transformation. My Enlightenment Vision flowchart [pdf] is pitched at a high level of abstraction, showing schematically how the philosophical revolution of the 17th century led to the 18th-century revolutions in science, technology, politics, and economics — which in turn led
The Enlightenment Vision — Flowchart Read More »
(No peeking at the answer below.) “I want everyone to keep the property that he has acquired for himself according to the principle: benefit to the community precedes benefit to the individual. But the state should retain supervision and each property owner should consider himself appointed by the state. It is his duty not to
Which important leftist said this? Read More »
Ludwig von Mises was, of course, one of the great advocates of a liberal society, including its free-market economy. But here is Oskar Lange, a champion of socialist central planning, suggesting that socialists erect a monument in Mises’s honor: “Socialists have certainly good reason to be grateful to Professor Mises, the great advocatus diaboli [devil’s
Mises as socialist hero Read More »