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Tag Archives: government intervention
Pareto Is The Enemy Of Central Planning
Dear Friends, It seems to me, once one accepts that Pareto was right, then the question shifts from how to get rid of poverty to what’s the best way to distribute wealth? If poverty can’t be eliminated, then we should … Continue reading
Posted in economy
Tagged Capitalism vs Socialism, central planning, economic freedom, economic growth, economic history, economic incentives, Economic Philosophy, economic systems, economics, Free Market Theory, free markets, french revolution, government intervention, Income Inequality, individual liberty, Karl Marx, Market Economics, Pareto principle, political economy, populism vs elitism, poverty, prosperity, self-interest, socialism, soviet union, Venezuela, wealth creation, Wealth Distribution, Wealth Inequality
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Environmental Central Planners
Dear Friends, It seems to me, central planning an ecology is just as disastrous as central planning an economy. I can see where the idea of central planning comes from. It’s the natural extension of the success of farming, cities, … Continue reading
Posted in economy, Group Politics, Law, philosophy
Tagged adaptive systems, complexity theory, conservation critique, decentralized systems, ecological hubris, ecology vs economy, emergent order, environmental central planning, environmental policy failure, environmental regulation, farmers and sustainability, free market ecology, government intervention, human arrogance, invasive species, natural equilibrium, perfect competition, systems thinking, unintended consequences
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Oversimplification Wealth And Power
Dear Friends, It seems to me, economics is more complex than the elites would have us believe, or understand themselves. Milton Friedman said inflation is always a function of monetary policy, which I think is an oversimplification. John Maynard Keynes … Continue reading
Posted in business, economy, philosophy
Tagged aggregate demand, aggregate supply, Austrian economics, banking crisis, boom bust cycle, bubble economy, central banking, central planning, creative destruction, cronyism, economic elites, economic history, economic manipulation, economic orthodoxy, economic oversimplification, economic theory, economics, elite power, federal reserve, fiscal policy, government intervention, great depression, inflation, john maynard keynes, joseph schumpeter, keynesian economics, milton friedman, monetarism, monetary policy, power distribution, progressive era, recession, regulatory policy
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