The Tragedy of the Commons: Public Beaches

Standard economic theory teaches that goods that are non-excludable and non-rivalrous fall under the category of public goods. What this means in layman terms is that goods whose consumption by one individual does not affect the enjoyment of said good for other individuals (non-rivalrous) and goods whose nature prohibits or makes impractical the charging of... Continue Reading →

The War of Art: Book Review

The War of Art is a book written by Steven Pressfield that deals with strategies for overcoming what is commonly known as “writer's block”, along with finding success in creative endeavors. He argues that the main obstacle most people will encounter when pursuing their goals is resistance. Resistance, according to Mr. Pressfield, is a negative... Continue Reading →

On Power: Part 2

A deeper analysis will show that the ultimate source of power is found at the individual level. All power is created by the individual, and from here it flows towards his desired goal. Even collectives ultimately source their power from the individual. As mentioned before, all collective action is, in essence, a manifestation of individual... Continue Reading →

On Power: Part 1

Power as a word is defined in multiple forms but they all encompass the principle of having the capability of exerting will or influence towards a certain purpose. Power is created by accumulating the necessary resources to effectively exert force unto the world and cause change. It stems from a single source and can either... Continue Reading →

Social Tensions, Secession, and the State

The trend in Europe, and subsequently the rest of the world for a few centuries now, has been the consolidation of various distinct ethnic and cultural groups under the jurisdiction of large nation states. This centralization of power has brought with it a host of political developments that have fundamentally changed the way states are... Continue Reading →

Public Healthcare: Cost-Based Analysis

As was demonstrated recently with public schools, the costs of provision often, if not always, outweigh the benefits of providing said public good through the state apparatus, or other non-market based means. Today’s blog will analyze the costs of another seemingly public good, healthcare. However, the costs of public healthcare that will be analyzed here... Continue Reading →

Public Schooling: Cost-Based Analysis

Public and political discourse regarding education touches upon many elements, including but not limited to classroom size, diversity quotas, extracurricular activities, and common core versus state-based curriculum. All too often, however, is the issue of costs left by the wayside. In our world of scarcity, the number of services we can provide for our society... Continue Reading →

The Whiskey Rebellion

Armed revolutions come at a cost, and as will hopefully be demonstrated in this piece, that cost can be ideological as well as economical. The Thirteen Colonies fought a bloody war for liberty between 1775-1783 against their British rulers. During this process, however, the Continental Congress accrued large sums of debt in order to fund... Continue Reading →

The Austrian Business Cycle: Part 2

What would happen then, if interest rates did not represent the actual amount of savings available for borrowers? If this were the case, then in a situation where interest rates are low, borrowers will seek out more loans than the actual stock of real savings would otherwise sustain. This, in turn, would lead to a... Continue Reading →

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