Computational Irreducibility in Economics – An Economist’s Review of A New Kind of Science

July 28, 2012


Beginning in the mid-20th century, economists have published articles, books and original research whose content consisted increasingly of systems of equations acting as economic models, and decreasingly of economic reasoning and theory. This was based on the belief that the epistemology of science relied on mathematics as providing verifiable theories, such as those that were prevalent in […]

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The Property Party – the organization for the democratic defense of property

January 9, 2012


A libertarian political party can be created by changing one simple rule in the institution of a democratic party – each share of membership in the party is a form of property, and any single member can own as many shares as he desires, purchase or sell his shares, and exercise the right of selecting […]

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The Constitution of the First Distributed Republic

November 7, 2011


To achieve a libertarian society, there must be the constitution of an organization which is able to produce justice and security for its members. The constitution of a republic, or any society, is not based on contract but on agreement – the institution of a contract assumes a neutral arbitrator to whom the contract acts […]

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Debt and deficits matter as much in the present as the future

August 13, 2011


The Keynesian Paradigm states that, under conditions of lagging demand for goods, the state can run a budget deficit and borrow to create artificial temporary demand aimed at accelerating economic activity. This makes sense only under the confusion of public debt, which conceals half of the equation of a loan agreement. In reality, government borrowing […]

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The bankruptcy of an exploiter state – austerity and social class at the end of democracy

July 2, 2011


The state is the great fiction through which everyone endeavors to live at the expense of everyone. – Claude Frédéric Bastiat, 1848 It is the confirmation that history rhymes that we find the need to make the same observation in 2011, the year in which, much like 1848, the mass of the people in many […]

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Economic calculation revisited – the case of monopoly, socialism and the Road to Serfdom

April 10, 2011


The economic calculation problem of socialism is similar to the problem of economic calculation under monopoly. However, the absence of private ownership under socialism adds an additional layer of chaos to socialism, which is exacerbated under democratic political competition. This is what makes monarchy preferable to democracy, yet inferior to a free market of security. […]

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On home and property – freedom of immigration in a private society

March 26, 2011


Property is the right to exclude unwanted use and occupation of space. Larger and more central properties have gradually less exclusive policies. The state practices a large-scale, uniform residential policy which it codifies in immigration laws in order to expand its power. This suffers the failures of egalitarianism and creates antagonism between different cultures and […]

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