Economics

Posts tagged with economics.

Posts

• Opportunity Cost - Hidden dimension behind every sacrifice: opportunity cost. Definition: Value of next-best al
• Sacrifice as Signal - To know what someone values, watch what they sacrifice. Value = pattern of behavior, not feeling
• The Free Rider Fallacy - Free rider problem ≠ proof of objective value. Often cited to justify coercive taxation (roads,
• The Myth of Objective Value - Core thesis: All value is subjective. Value does not exist independently—it arises only relative
• The Price Illusion - Market prices ≠ objective value. Common misconception dissolved.
• What Is Money? - Currency = common denominator for market exchanges (literal, not metaphorical). Prices = ratios
• Willing and Able - Refinement of “sacrifice as signal”: Sacrifice must be both willed and within one’s power.
• Inequality Is Not the Problem—Poverty Is - Inequality debates assume differences in wealth inherently cause harm/injustice (mistaken). Real
• Inequality Is Not the Problem—Poverty Is - Challenges the common focus on inequality reduction in favor of poverty alleviation.
• Can Markets Provide National Defense? - Comprehensive argument that markets can effectively provide national defense, challenging the strong
• Modern Monetary Fallacy - Comprehensive critique of Modern Monetary Theory (MMT) from axionic/libertarian perspective.
• Introducing Harberger Insurance - Proposes novel mechanism for quantifying harm by combining Harberger taxation principles with insura
• Everything Has a Price - Refutes common claim that some values (generosity, empathy, creativity) require non-monetary currenc
• The Myth of Underprovision - This post deconstructs the economic orthodoxy that markets inherently “underprovide” public goods, a
• The Poverty Myth - Poverty is not natural state or result of exploitation but consequence of insufficient wealth creati
• Against the Minimum Wage - This essay argues minimum wage laws are coercion masquerading as compassion—criminalizing voluntary
• The Myth of China’s Communist Success - This essay dissects the claim “If Communism doesn’t work, why is China so advanced?” as rhetorical e
• The Nuclear Counterfactual - Quantifies costs of abandoning nuclear power in US (1965-1975).
• The Loaded Dice of Parenthood - This post argues gender wage gaps arise from “loaded dice” biological asymmetries, not discriminatio