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Tag Archives: human action
“But What About People Who Make Bad Decisions?”
Recently, I was involved in a debate in which the following criticism was made (obviously I’m paraphrasing here): “Sure, the free market sounds good and all, but how can it possibly correct itself and allocate resources efficiently when some people … Continue reading
Posted in General Theory
Tagged austrian economics, bad decisions, Economics, human action, ignorance, ludwig von mises, rational
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Government is not a Prisoner’s Dilemma
So lately during some of my debates, leftist opponents have used a very interesting analogy. They equate government to the classic problem of the “Prisoner’s Dilemma” They argue that governmental programs benefit everyone, but only if all parties are forced … Continue reading
Posted in General Theory
Tagged Debate, Economics, game theory, government, human action, prisoner's dilemma
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Five myths about healthy eating – The Washington Post
Five myths about healthy eating – The Washington Post. 1. I own my body. I should be able to eat whatever I want. 2. To that end, I should be able to engage in voluntary exchange with someone who produces … Continue reading
Posted in News Link
Tagged advertising, food, food desert, government, health, human action, junk food, Michelle Obama, nanny state, reason, Washington Post
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