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2024-02-05
Most mainstream economists believe the application of quantitative methods on historical data can explain the state of the economy. Others such as Ludwig von Mises held that the data utilized by economists is a historical display, which by itself cannot provide the facts of economics. Ludwig von Mises wrote, “Experience of economic history is always the experience of complex phenomena. It can never convey knowledge of the kind the experimenter abstracts from a laboratory experiment.”
To make sense of historical data, economists must have a theory that stands on its own and does not originate from the data itself. Even economists who call themselves “practical” must employ a theory to make sense of historical data. Even seeking correlations between the various pieces of historical data is
2023-11-02
Thanks to the exponential growth of government and regulation, the optimistic society of Back to the Future is fast becoming the dystopian world of Escape from New York or Death Wish.
2023-10-30
In 2023, Canada’s parliament passed two significant pieces of legislation, Bills C-11 and C-18, both of which have stirred debates and concerns regarding their potential impact on online freedom and political censorship. Bill C-18, commonly known as the Online News Act, was introduced in the forty-fourth Canadian Parliament and received royal assent on June 22, 2023. This legislation introduces a framework mandating digital news intermediaries, including search engines and social-networking services, to negotiate compensation for online publishers for reproducing or facilitating access to their content. These negotiations would aim to make social-media companies pay Canadian publishers for links to their content, even though these links are free advertising that already help the publishers
2023-10-27
“The market economy involves peaceful cooperation. It bursts asunder when the citizens turn into warriors and, instead of exchanging commodities and services, fight one another.”
So Ludwig von Mises begins a short chapter in Human Action called “The Economics of War.”
While brief, the eleven pages (pages 817–28 in the scholar’s edition) are densely packed with Mises’s take on the history of warfare, what leads to total war, how wars are won, the costs of war, and the ideological conditions for war and peace. As is his modus operandi, Mises frequently contrasts war with the peaceful cooperation of the international division of labor.
The History of Warfare
In his short history of warfare, Mises describes the wars of primitive times as total wars, in which both sides sought the complete
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