Most Recent Articles
- Henry David Thoreau
“I was not born to be forced. I will breathe after my own fashion. Let us see who is the strongest.”
Psychology is a very young science. As a consequence, the same people who understand complex ideas like "gravity" and "natural selection" fairly well, often have many misconceptions when it comes to the mind. In this article, I take a closer look at some key psychological notions to answer these questions.
The Austrian theory of credit is revolutionary in the way it identifies the role of the credit market in spontaneously allocating resources to the most productive activities in an economy, and the nefarious consequences of government interference in this process. With all its merits, however, its a priori methodology leads to severe problems. On one hand, it roots credit exclusively on the lender's time preference, overlooking the role of the borrower's productivity in defining interest rates. On the other, it sees saving as the only source of credit, overlooking an entire different credit instrument based on clearing: real bills of exchange.
Objectivism was not the first American school of philosophy. In this article, we take a closer look at the Pragmatism of C. S. Peirce, William James and John Dewey - from their very different views on knowledge and existence, to their fundamental agreement when it came to ethics. In addition to their metaphysics, epistemology, ethics and esthetics, we will also take a closer look at their ideas in the realm of politics, by analyzing the political movement they spawned: Progressivism.