Utopia, you are standing in it!

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Originally posted on Climatism:
“Giving society cheap, abundant energy would be the equivalent of giving an idiot child a machine gun.” – Prof Paul Ehrlich, Stanford University “Isn’t the only hope for the planet that the industrialized civilizations collapse? Isn’t it our responsiblity to bring that about?” – Maurice Strong, founder of the UN Environment Programme (UNEP) “The Earth has…

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Originally posted on Nintil:
There are a few around. What could be the reasons behind their communism, from their point of view? Though I judge everything that follows as mostly false, I think is handy to have such a list. Dialectic materialism is true: Falling rate of profit Worker exploitation Correlation between prices and labour (LVT)…

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It is obvious that businesses find dividends sensible to pay because otherwise they will face disquiet from investors. Managers believe that higher dividends mean higher share prices. Economists finds dividends to be a mysterious (Easterbrook 1984). Miller and Modigliani (1958) declared dividends to be irrelevant because investors can homebrew their own dividends by selling shares …

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Originally posted on Nintil:
In the Fall 2015 issue of Cato Journal, Alberto Mingardi (Director General of the Bruno Leoni Institute, and blogger at EconLog) published an article titled ‘A Critique of Mazzucato’s Entrepreneurial State‘. Here I will provide a summary of it. Just the introduction is a huge condemnation of the book: Though Mazzucato claims…

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Originally posted on Pursuit of Truthiness:
Who is the closest person out there to being a “mad economist”, in the sense of a mad scientist? I have a hard time thinking of anyone who really qualifies. I think this is because mad scientists do practical things that directly affect the real world- either by building…

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Originally posted on Nintil:
Some data on soviet GDP growth. First, the chart many communists like. It supposedly shows that the soviet economy worked, and that industrialisation was due precisely to central planning, when the Soviet Union was formed, in 1922, after the revolution in 1917. We can then compare the Soviet Union to the United…

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