3 Problems With Libertarianism

Lauren Southern just released a video criticizing modern libertarianism. She’s got some points, but imo they mostly apply to the modern libertarian movement and not libertarianism qua libertarianism as an intellectual thingy. This article points out my three issues with the latter, but I largely agree with her points as well. I argue: Anarcho-capitalists are … Read more

Caplan Notes 3/29, Pub Choice II

Official course notes reference. Related: My proof of markets as an optimal voting system. Important note: His version of ‘expressive voting’ is not the same as the concept (of the same label) which I learned in undergrad from Jonathan Slapin. Caplan’s expressive voting means non-instrumental voting, while Slapin’s expressive voting means voting in a way … Read more

Short Essay Regarding “Dispute Resolution when Rationalities Conflict: Cost and Choice in a Mixed Economy”

This short essay was a 2nd year Ph.D. level homework assignment for which I received a B+, where the professor grading my response was also the original article’s author. The original article from Wagner (2011) is a working article, accessible here. Dr. Wagner’s comments on this essay included: “I accept pretty much everything you say, … Read more

The Economics of Original Intent

Utility is maximized by the intent of transaction, not by the letter of the contract of the transaction, if any such document exists. This forms an economic argument for the interpretation of contracts on original intent. Consider some contract using particular language at a certain point and time. The individuals consenting to such a contract … Read more

On Gruber, Free Riders, and Political Economy

Quote 1: “The problems faced by the city of Dhaka illustrate the difficulties of effectively addressing the free rider problem through a private mechanism. Goods that suffer from this free rider problem are known in economics as public goods, and they are the focus of this chapter.” Gruber, Jonathan (2012-12-01). Public Finance and Public Policy … Read more