Economics

Are Interest Rates Determined by Time Preference?

Time preference is your desire to sacrifice money now, for more in the future, or vice versa. Presumably, this determines interest rates— some people…

Constraints and Objectives: Complementary Aspects Of Choice

Constraints and objectives are the two complementary aspects of choice rationalization.

Why a “fixed tax” or “equal tax” might be better than the income tax

What I am calling a“fixed tax” is simply charging every citizen and resident, who enjoys the benefits of living in the country, the same amount each year, say somewhere in the range of 0 to 5,000 dollars. (This…

The Paradox of Need

Needs are absolute requirements for survival, thus they should be the highest priority. But often, they are considered an inconvenience. Instead of addressing our needs head on, we sometimes neglect them until we have no other choice. This might be driven by ego, delusion, laziness, or even…

Can people do “Anything they want?”

Identifying all human causes while assessing limits of capability presents a broad range of possibility.

Robots Taking Jobs? Nope. Technology Empowers Humans While Simultaneously Hiding Consequences.

With power, comes responsibility

Economics is a social technology for resource management. Like all technologies…

Q: What is capitalism?

A: Politically autonomous resource management based on value measurement.

There are many challenging concepts connected to the idea of capitalism. This makes it difficult to define. I think this definition does better than the currently accepted definition…