Category: Economists
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Hayek – Road to Serfdom – Summary
A medieval serf worked 3 days for his lord. If you aggregate all the taxes you pay, not just income taxes, you work 4 days. Is this what you want in your life? The Road to Serfdom by Friedrich von Hayek stands in opposition to the idea of a partnership between government and business in…
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Capitalism vs mercantilism
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…
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Marx on Religion
It is well known that Karl Marx believed religion was 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 fuzzy…
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Was Karl Marx right?
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…
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Was Malthus 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…