“In 1940, Hayek (1940 [1972], 198-199) wrote an article that analyzed and criticized Lange’s model in great detail and explained, point by point, which implications of the model were problematic. Lange was deeply impressed by these critiques, and acknowledged that Hayek had succeeded in raising a series of essential errors and problems with the model: «There is no question that you have succeeded in raising essential problems and in showing gaps in the pure static solution given by me. I intend to work in this subject and give an answer to your paper … sometime in the fall.» (Lange, in a letter to Hayek dated August 31, 1940) Such an answer never came.”
Imagine what would have become of declaring who won the socialist calculation debate if this 1940 letter was better known. Hayek never mentioned the letter. The letter from Lange was found in Lange’s complete works published in 1973 in Polish.
I’ve written several columns (here, here, here, here, and here) detailing the folly of rent control. And now that New York City’s dilettante socialist mayor has proposed to expand rent control, I thought about doing the same thing. But I noticed so many clever comments on Twitter/X that I decided on a different approach. Here […]
Across the Western democracies, the political centre is under pressure. The populist right is rising, especially in Europe and the United States, while younger voters are showing renewed interest in socialism, or at least in much more interventionist economic policies. The result is not that the centre has vanished, but that it has lost much […]
I’ll treat this as a comparison of political positioning, leadership style, and electability rather than a slogan. I’ll check the current context first, since both Burnham and Corbyn’s roles/reputations can shift with recent Labour politics. Not really. Andy Burnham is better seen as a soft-left, regionalist, pragmatic Labour populist — not “Jeremy Corbyn 2.0.” The […]
In 2015, I wrote a column entitled “A Nordic Nightmare for Bernie Sanders.” Today, let’s do something similar, but this time I’ll explain why economic data from northernmost Europe is bad news for Alexandria Ocasio-Cortez. I’m motivated to address the issue because I just saw this tweet about how Scandinavian-Americans are much richer than their […]
The era of unchecked “activism” that masks itself as science while practicing inhumane sabotage is reaching its end. We are witnessing the slow, painful process of reality catching up to the Greenpeace propaganda. And frankly, it’s about time. The post The History of Greenpeace: The Evolution of Green Extremism appeared first on Watts Up With…
In economics, Marx is relegated to the history of thought as his ideas were an economic dead end and a political disaster. Yet Marx-influenced literary criticism is a dominant mode of analysis in nearly every English department in the country. It’s not that the English professors are all Marxists, it’s that even the non-Marxists reach…
The Australian Editorial, 6 June 2026 The death of British university student Henry Nowak, 18, on a Southampton street as police were handcuffing him after he was stabbed by a cold-blooded murderer – who had falsely accused Nowak of racism – should be a turning point in the destructive ideologies of Critical Race Theory and identity […]
One political advertisement stood out from the thousands that blitzed the US presidential campaign of 2024. It inflicted enormous damage on the Democratic Party’s flagbearer, Kamala Harris. The ad’s central tagline deployed just two sentences: “Kamala is for they/them. President Trump is for you.” Former President Bill Clinton urged the Harris Campaign to come back […]
As far as I know, Matt Mitchell and I are not related, but we both have a low opinion of socialism. He covers a lot of ground (defining socialism, the role of prices, socialism’s death toll, and the myth of Nordic socialism) in this 15-minute interview. Matt does such a good job that I didn’t […]
In a recent Substack essay, “The progress movement needs a better theory of progress,” Brink Lindsey argues that the progress movement has settled for too thin a vision. It focuses on wealth creation and technological advance, he says, when it should adopt a “fuller conception of progress”—one that promotes “spiritual welfare” and thicker accounts of…
I have received news that a short article submitted to Health Policy & Planning has been accepted for publication. In the article, I argue that the statistics regarding Cuba’s health care are distorted by the incentives generated by the target system under which physicians must operate (at the threat of penalties). To meet their targets, they re-categorize […]
I spoke to my friends at the Sloavkian think tank INESS (the Institute of Economic and Social Studies) recently. We talked about my 2025 paper Anti-Capitalism and Public Health and you can watch the video below.
As always, an Aussie who wishes to remain anonymous sent me this link, and noted that New Zealand isn’t the only country in the Antipodes that tries to make science (again “Western science”) coequal with indigenous knowledge. Clicking on the screenshot below will take you to the strategy developed by the Aussie government: the “Australian…
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.
Utopia, you are standing in it! 
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