July 2009 - Posts

28 July 2009
Ben Bernanke Was Wrong: Featured on Mises.org
My piece Ben Bernanke Was Wrong is a Daily Article today on the Mises Institute web site. Here is the article and the comments page. I've fleshed out my commentary on the transcription to make it more of an actual article. I've also updated the article here on Summa Anthropica. One of the things... Read More...
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22 July 2009
The Second Coming of Keynes: Featured on Mises.org
My article "The Second Coming of Keynes" (originally posted here ) has been published today as a front-page Mises Daily. Here's the article and the comments page . Best. Mises.org. Image. Ever.... Read More...
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21 July 2009
Aristotelean Eudaimonia and Value Theory
In the following, I shall discuss the principles of Aristotle's ethical and political theory, paying close attention to what Aristotle meant by eudaimonia , and what he didnt'. Most of the following quotes are from the beginning of Book 1 of the Nicomachean Ethics ( as published on the web by... Read More...
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18 July 2009
Ben Bernanke Was Wrong
We now have the diametrical opposite of the famous " Peter Schiff Was Right " video (a compilation of 2006 and 2007 clips in which Schiff, a financial expert who subscribes to Austrian economics, predicted the deep recession that would follow the bursting of the housing bubble). The new, opposite... Read More...
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17 July 2009
Menger on Qualitatively Different Goods
This post is part of a series exploring Principles of Economics by Carl Menger. The following explores content from chapter 3 . Previously in this series: A Mengerian Solution to the Diamond-Water Paradox In section C of the chapter on value in Principles, Menger shifts from questions of quantity to... Read More...
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14 July 2009
The Second Coming of Keynes
Paul Krugman wants to be our savior. Moreover, he wants to be a specific kind of savior: a magus of the scientific age, a blackboard prophet. The roots of this curious ambition can be seen in his recent profile in Newsweek : Krugman says he found himself in the science fiction of Isaac Asimov, especially... Read More...
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13 July 2009
The Ontological Counterrevolution: Parmenides, the First Extreme Rationalist
This post is one in a series on the History of Epistemological Thought Previously in this series: The Ontological Revolution: The Proto-Skepticism of Heraclitus . As discussed in the previous post in this series, Heraclitus introduced ontology into the world of philosophy, threatening to upend the cosmological... Read More...
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12 July 2009
A Mengerian Solution to the Diamond-Water Paradox
This post is part of a series exploring Principles of Economics by Carl Menger. The following explores content from chapter 3 . Previously in this series: Menger on Multi-Purpose Homogenous Goods Let us say two men want to make a trade. One man offers water, the other diamonds. The water seller has a... Read More...
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12 July 2009
Induction in Ancient Greek Thought
This post is one in a series on the History of Epistemological Thought . Previously in this seri es: The Worldview of the Metaphysical Dualist I have written of three major schools of thought in the ancient world. The Theologi The P hysiologi The Metaphysical Dualists As divergent as these three schools... Read More...
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07 July 2009
Krugman's Rearguard Apologists: Featured on Mises.org
My article Krugman's Rearguard Apologists (originally posted here ), which follows up my Krugman's Intellectual Waterloo Mises Daily (also orginally posted here ) has been published today as a front-page Mises Daily. Please check it out and contribute to the comments . My sincere thanks again... Read More...
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02 July 2009
Menger on Multi-Purpose Homogenous Goods
This post is part of a series exploring Principles of Economics by Carl Menger. The following explores content from chapter 3 . Previously in this series: Menger's Value Scale . In Section 2, Part B of his chapter on value, Menger discusses "the dependence of separate satisfactions on particular... Read More...
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