Tag Archives: Capitalism

Why did you buy that?

Posted on April 26, 2012 by

Art Carden writes that Entrepreneurs Serve Public Better Than Politicians (H/T: Speedmaster at The Pretense of Knowledge). I agree. I agree. While on a trip to Vegas, Carden found a profit opportunity. Two nearby Starbucks were selling coffee at different prices. … Continue reading →

Posted in Capitalism, Emergent Order, Experimentation, Trade Offs, Value Proposition | Tagged , , , , | 1 Comment

“Losses encourage prudence”

Posted on April 26, 2012 by

George Mason economist and EconTalk podcast host Russ Roberts has said: Capitalism is a profit and loss system. Profits encourage risk-taking. Losses encourage prudence. It follows, then, that if you remove losses, you wind up with risk-taking and less prudence. … Continue reading →

Posted in Capitalism, Experimentation, Taxes | Tagged , , | 1 Comment

Unintended Consequences Matter

Posted on September 16, 2011 by

I linked to Aaron McKenzie’s disentanglement of self-interest and greed here. In this post, Arnold Kling recommends reading an essay called Capitalism and the Jewish Intellectuals.  In it, he writes, the authors believe intellectuals are hostile to capitalism because of this … Continue reading →

Posted in Capitalism, Economics, Power of Incentives | Tagged , , | 3 Comments

People do not know what capitalism is

Posted on August 25, 2011 by

Even though the video has made its rounds on other blogs, I had to post it here because I think it’s really good.  I credit Speedmaster at The Pretense of Knowledge for directing me to it. It’s called Top 3 … Continue reading →

Posted in Capitalism, Critical Thinking, Economics, Markets, Myths | Tagged , , , , | 2 Comments

“Your Teacher Said What!?” Review

Posted on August 5, 2011 by

I’ve been looking forward to reading Joe and Blake Kernan’s book, Your Teacher Said What?! Defending Our Kids from the Liberal Assault on Capitalism. I highly recommend it. It exceeded my expectations.  I found it well-written, easy-to-read, entertaining, critical, well … Continue reading →

Posted in Books, Critical Thinking, Economics, Government, Markets, Reading Recommendations | Tagged , , , , | 1 Comment

G.E.’s business strategy

Posted on March 25, 2011 by

Profit from rent-seeking. If you don’t get it, please read this post. If you don’t believe me, please read this article.

Posted in Capitalism, Economics, Profit & Loss, Strategy | Tagged , , | 2 Comments

Infused with law

Posted on April 22, 2010 by

Here’s something that applies to a great deal of our everyday lives.  It’s so natural the impact in has on our behavior that we take it for granted and don’t even recognize.  Very well written by Don Boudreaux of Cafe … Continue reading →

Posted in Capitalism, Government, Politics | Tagged , , , | Leave a comment

Why Health Care Reform May Not be a Bad Idea

Posted on November 24, 2009 by

Free markets take an undue blame for many of today’s top problems, when the problems are rooted in government interference.  This is true for health care.  The cost of health care has risen faster than inflation for decades and is … Continue reading →

Posted in Government, Health Care | Tagged , | Leave a comment

Sensitivity

Posted on November 20, 2009 by

I listened to some sports talk radio while stuck in a traffic jam this evening.  The topic of discussion was the University of Kansas head football coach Mark Mangino and the complaints from his players about some comments he made. … Continue reading →

Posted in Systems thinking, True Measures | Tagged , , | Leave a comment

Critical Thinker Award

Posted on November 15, 2009 by

Andrew Hienze wins my most recent Critical Thinker Award for writing, What Health Reform Will Do to My Insurance, which appeared in the Wall Street Journal on November 13. In the article, Hienze, “a registered Democrat living in New York … Continue reading →

Posted in Critical Thinking, Health Care | Tagged , , , | Leave a comment