Category Archive: 6b) Austrian Economics

A very common criticism of the libertarian position runs as follows: Of course we do not like violence, and libertarians perform a useful service in stressing its dangers. But you are very simpliste because you ignore the other significant forms of coercion exercised in society—private coercive power, apart from the violence wielded by the State or the criminal. The government should stand ready to employ its coercion to check or offset this...

Read More »

The provision of private healthcare in Canada is contingent on the ability of private actors to satisfy all of the conditions embedded within government legislation. However, the severity of these conditions means that most aspects of private healthcare are essentially outlawed, as they have been for many decades. Perhaps that wouldn’t matter if the government kept the promise it made to Canadians when it arbitrarily imposed universal healthcare...

Read More »

Modern secular society embraces a new religion complete with prophets, crusaders, commandments, contrition, and even a holy land: East Anglia, United Kingdom. These congregants will behave idiosyncratically in the economy. The activist green movement increasingly parallels Western religious structure, even generating a modern version of the medieval Children’s Crusade. Motivated by hope, the first Children’s Crusade assembled in 1212 under the...

Read More »

The New Abnormal: The Rise of the Biomedical Security Stateby Aaron KheriatyRegnery Publishing, 2022; xxv + 278 pp. Aaron Kheriaty is a medical doctor who taught for many years at the University of California Irvine School of Medicine and headed the school’s medical ethics program. Though highly regarded as a teacher, he became a “nonperson” when he challenged the university’s compulsory covid vaccination policy and was fired from his position: “In...

Read More »

Despite the massive intellectual feat that Marx’s Capital represents, the Marxian contribution to economics can be readily summarized as virtually zero. Professional economics as it exists today reflects no indication that Karl Marx ever existed. —Thomas Sowell If socialists understood economics they wouldn’t be socialists. —F.A. Hayek Karl Marx is a very popular name in social sciences. As a scholar of the nineteenth century, he is still a part of...

Read More »