John Maynard Keynes was wrong again For historical record here is a document. It was put into PDF by the Cato institute. I hope students of the history of economics will look back on this as confirmation that Keynesian economics is wrong. I recommend you download that file and review it. It is very short […]
Continue Reading John Maynard Keynes was wrong
Utilitarians explains all human action The moral worth of a decision and action is values its usefulness in maximizing utility/minimizing negative utility and this is summed among all living thinking beings. Jeremy Bentham (was not just a character on Lost) and John Stuart Mill (IQ of about 190) championed economic philosophy called Utilitarianism. What amazes […]
Capitalism vs mercantilism – Which economic system is better? The aim of this post is to compare these two economic systems by looking at today’s world as well as some economic theory of the past. Mercantilism definition and criticism Though the encouragement of exportation, and the discouragement of importation, are the two great engines by […]
Continue Reading Capitalism vs mercantilism
It is well known that Karl Marx believed religion was an opium for the masses. God was an illusion as religion was nothing more than an instrument of the bourgeois. Marx again was wrong in his logic. Further, it puzzles me why some many people naively quote Marx and do not think about his irrational […]
Continue Reading Marx on Religion
Was Karl Marx right and relevant today? With capitalism in trouble and society becoming more stratified, many people are asking the question, was Karl Marx right? Maybe not in full but partly, did Marx’s economics make some sense? People have dismissed Marx, however, why was he so wrong? There is a very clear answer. It […]
Continue Reading Was Karl Marx right?
Was Thomas Malthus right about population growth and the ability to sustain this population? The answer is found in games. What? Yes computer games hold the answer. I want to first look at Mathus’ own words, not recycled words about him. This is important to understand exactly what he was trying to convey and why […]
Continue Reading Was Malthus right?