Blogs

Economics in One Lesson校译之19. Minimum Wage Laws

Minimum Wage Laws 第19章最低工资法令 We have already seen some of the harmful results of arbitrary governmental efforts to raise the price of favored commodities. The same sort of harmful results follow efforts to raise wages through minimum wage laws. This...

Posted to dingdong by Dingdong Pu on Wed, Jul 22 2009

Economics in One Lesson校译之 18. What Rent Control Does

18. What Rent Control Does 第18章房租管制的后果 Government control of the rents of houses and apartments is a special form of price control. Most of its consequences are substantially the same as those of price control in general, but a few call for special consideration...

Posted to dingdong by Dingdong Pu on Wed, Jul 22 2009

A View from the Trenches, July 22nd, 2009: "Analyzing preliminary details"

( To subscribe to this daily market letter and receive it by email, in pdf format, please visit : www.sibileau.com/martin ) Yesterday, we had an “intraday” correction, driven by the earnings releases for Zions Bancorporation and Regions Financial...

Posted to A View from the Trenches by Martin Sibileau on Tue, Jul 21 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...

Posted to Lilburne @ Mises by Daniel James Sanchez on Tue, Jul 21 2009

Filed under: Aristotle, Ethics, Political Philosophy: Value Theory

A View from the Trenches, July 21st, 2009: "Getting ready for the next act"

( To subscribe to this daily market letter and receive it by email, in pdf format, please visit : www.sibileau.com/martin ) At 15:06 ET yesterday, Bloomberg was reporting that CIT was obtaining a $3BN financial rescue from bondholders, temporarily avoiding...

Posted to A View from the Trenches by Martin Sibileau on Mon, Jul 20 2009

Critical Realism: What is it and what does it have to do with economics?

Critical Realism is a philosophical movement that has been gaining some ground in the past few years. It is an approach to philosophy that encompasses epistemology, ontology, and to some extent, morality. It approaches the world as being made up of “structures...

Posted to Kaleidic Society by ziragt on Mon, Jul 20 2009

La gasolina más barata del mundo 21julio09

Cuesta menos de 2 centavos de dólar por litro, o menos de medio centavo de dólar de dólar por galón a la tasa de cambio paralela; o alrededor de 4 centavos de dólar por litro, o alrededor de 1 centavo de dólar...

Posted to Rubén Rivero Capriles by Rubén on Mon, Jul 20 2009

Filed under: Venezuela, PDVSA, insostenible, crónico, revocado, catástrofe, gasolina, disturbios, barata, estructural

A View from the Trenches, July 20th, 2009: Where are we now?

( To subscribe to this daily market letter and receive it by email, in pdf format, please visit : www.sibileau.com/martin ) What do we make of last week’s events? Investors had been speculating on horrible macro data. A positive (close to 1%) CPI...

Posted to A View from the Trenches by Martin Sibileau on Sun, Jul 19 2009

The cheapest gasoline in the world 21Jul09

At about less than 2 US cents a liter, or about less than one half of a cent per gallon at the parallel market rate; or at about 4 US cents a liter, or about 1 penny a gallon at the official exchange rate, Venezuelan gasoline prices have for decades remained...

Posted to Rubén Rivero Capriles by Rubén on Sun, Jul 19 2009

Filed under: Venezuela, unsustainable, cheapest, gasoline, PDVSA, impeachment, upheavals, structural, catastrophe

Quo vadis, Empresarios?

"Los empresarios son el símbolo de una sociedad libre - el símbolo de los Estados Unidos. Si perecieran, la civilización perecería." (de "La Minoría Perseguida de Estados Unidos: las Grandes Empresas"...

Posted to Rodrigo Diaz by Rodrigo Diaz on Sat, Jul 18 2009

Mises's Law

I haven't blogged in about a year, mostly because a friend of mine gave me the complete set of the Great Books (from Brittanica). A gift like that is enough to set one behind for a lifetime, never mind a single year! It's also enough to scramble...

Posted to scottyokim by scottyokim on Sat, Jul 18 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...

Posted to Lilburne @ Mises by Daniel James Sanchez on Sat, Jul 18 2009

Filed under: Federal Reserve, Ben Bernanke

Venezuelan trickster, historical but not eternal (Full version as of July 18, 2009)

I have read Axel Capriles' book whose title into English could be translated as "The Venezuelan trickster or the triumph of Uncle Rabbit", and I find it quite interesting. I have reasons to believe that in the future, due to globalization...

Posted to Rubén Rivero Capriles by Rubén on Fri, Jul 17 2009

Filed under: trickster, Venezuelan, unconsciousness, survival, cooperation, underdelopment, trick, hypertrofia, bloated, addiction

La picardía venezolana, histórica pero no eterna (actualizado 18julio2009)

He leído el libro de Axel Capriles sobre La Picardía del venezolano o el triunfo de Tío Conejo y me parece muy interesante. Aun cuando el libro habla de la cultura histórica del pasado venezolano, tengo razones para pensar...

Posted to Rubén Rivero Capriles by Rubén on Fri, Jul 17 2009

Filed under: venezolano, pícaro, picardía, trickster, cooperación, subdesarrollo, supervivencia, adicción, hipertrofia, inconsciente

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...

Posted to Lilburne @ Mises by Daniel James Sanchez on Fri, Jul 17 2009

Filed under: Carl Menger, Economics, Value Theory