Responsibility
Responsibility that relates to levels we have no operational influence on is void. Continue Reading
Responsibility
Friction between neo-cons and behavior economists is fake
Behavior economy introduced through prospect theory (Kahneman and Tversky, 1979) is generally understood as the one that disapproves »previous« libertarian theories developed by Hayek, von Mises and Friedman, to name just few of them. As shall explain further, the alleged… Continue Reading
The rise of global collectivism
As already presented in the post, Another breakdown of the welfare state concept, the COVID pandemic, made transparent some anomalies of contemporary society that were not so obvious before. It would be a mistake to conclude from the mentioned post… Continue Reading
Another breakdown of the welfare state concept
Covid crisis handling proved welfare state to fail and to downgrade civil society’s ability to protect itself from future black swan events. Continue Reading
How to erase memory in virtual world?
There is no administrator that would or could administer global digital memory. Continue Reading
Responsibility vs. democracy
Responsibility does not come with equality. Continue Reading
Dumping – positive perspective
Dumping is generally seen as a negative side effect of liberal economics and free trade. Without some government oversight, certain players could enter the market with prices below the expected fair price, thus forming a kind of unfair competition. But… Continue Reading
How a pencil refutes centralized circular economy?
The famous Milton Friedman pencil case concerning the circular economy and integrated reporting is a topic of this post. Milton Friedman’s “pencil case” can be found in his book Free to Choose. A shorter but sufficiently explanatory version can be… Continue Reading
Benefits of circular economy fake trend
The circular economy is not fake; it is a fake trend. Circularity is a necessary feature of life. It becomes a fake trend when vested interests and consultants abuse it. The concept that attracts so much public attention is nothing… Continue Reading
Ethics Upgraded by Corona
Corona crisis opened up a series of seemingly new questions to humans. Let me mention a couple of them with no pretension to be exhaustive: It is quite clear that all those liberals promoting weakening of the state were wrong.… Continue Reading