One of the major Austrian critiques of certain kinds of analysis focuses on uncertainty. You can make a forecast based on certain data, but something unexpected might come along and muck everything up. In the past I have described ways of overcoming this issue. These article contains 3 sections which do the following: Argues for … Read more Applied Unknowns Analysis
This article argues that the several concepts of the entrepreneur on Austrian Economics are all lacking, but to varying degrees. I argue that the Kirznerian entrepreneur, partricularly understood, is the closest match to reality, but I attempt to further improve on the concept. Finally, I relate this entrepreneur to economic growth and point out the … Read more The Kirznerian Delta: FSR or Abundance?
I consider myself to some degree a conservative and as such a member of the right. I contrast this with those on the left and libertarians who sit along another axis. I often hear complaints about the conservative movement, but as soon as the principles of conservatism are clarified, as I put them anyway, I … Read more Conservatism According to Me
This article will argue that denationalization is a necessary component of a free market society. This is important because without the idea of citizenship the idea of a state becomes radically different from the modern state and much more like the anarcho-capitalist notion as described by David Friedman in The Machinery of Freedom and by others elsewhere. … Read more Real Decentralization Includes Full Denationalization
This article will discuss the Problem of Knowledge, in particular as discussed by Hayek. This discussion necessarily relates to the Economic Calculation Problem as discussed by Mises and Hayek. I will argue that the these problems are not simply economic issues, but first policy issues writ large and secondly fundamental human conditions. I will argue … Read more The Fullness of the Problem of Knowledge
Recently I noted that Jeffrey Tucker‘s term “DIY Libertarianism” very well sums up my preferred strategy on a variety of fronts including entrepreneurship, political reform and others. Today I noticed that Frederick Hayek has a great quote which perfectly places him as an advocate of the same idea: “The physicist who is only a physicist … Read more Frederick Hayek Supports “Do It Yourself” Libertarianism