Politicians and hedge funds that push “Environmental, Social, and Governance” (ESG) scores and investing do so with the notion of improving social welfare. What they fail to realize is that these concerns are accounted for in human action already.
Politicians and hedge funds that push “Environmental, Social, and Governance” (ESG) scores and investing do so with the notion of improving social welfare. What they fail to realize is that these concerns are accounted for in human action already.
It may not have been created in the lab of a mad scientist, but the euro is still a manufactured, cobbled-together currency made from a number of national monetary units. Indeed, it is the perfect Frankenstein currency.
While recent European Parliament elections have raised questions about Ireland’s role in the EU, the truth is that Ireland’s historical role in civilizing Europe reminds us that Ireland is more European than the EU itself.
Socialist regimes tend to follow the same playbook: promise much, deliver little, and, in the end, blame capitalism. Venezuela is the latest socialist entity to enter the Failed State Hall of Fame.
Modern egalitarians play down the idea of free will, claiming that free will is relevant only if individuals have no interference with their choices. Murray Rothbard, on the other hand, recognized that self-ownership and one's ability to engage in reason is enough to recognize free
Herbert Butterfield, who taught history at Cambridge, had many insights on the sea changes brought about by World War I and the collapse of the Old World Order. The new order that followed, he realized, was not an improvement over what previously existed.
Despite claims from progressive historians that US slavery was a natural outgrowth of a free market economy, the reality is that slavery would have been much costlier without governments—federal and state—subsidizing it. It is time to set the record straight.
The total number of employed persons has fallen by 66,000 since August of 2023. Moreover, the new job growth is almost all in part-time jobs.
Keynesians are known for using obscure and jumbled jargon to explain their fallacious ideas. The hope being that, the more confusing the language, the greater the perceived scholarship. Good economics can and should be clearly logically explained.
While the world is abuzz over artificial intelligence (AI), present technologies are limited more than most people want to believe. The situation is ripe for malinvestments.