Category Archives: Economics

Speak Richly

How free speech makes us richer Is it too much to point out that “free speech” nominally empowers the spread of Marxism and related economic errors? Note that the author struggles with whether speech should be restricted rather than what … Continue reading

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Feeling Loanly?

The majority of what is called a “loan” today has nothing to do with lending. Lending involves the giving of something and receiving that same thing back in return. I can loan my pen to my friend, but I cannot … Continue reading

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Stupid Finance for the Day

“[I]f we buy stock of XYZ, we pay cash and receive the stock. Some time later, we sell the stock and receive cash. This transaction is lending, in the sense that we pay money today and receive money back in … Continue reading

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Contracts

Contracts are defined as agreements that bind parties by some system of rights and obligations. Materially a contract consists in rational parties. A non-rational creature or child cannot even be the subject of a contract. Formally, a contract consists in … Continue reading

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De Usuris

In order to understand usury, we need to have a clear understanding of several concepts that provide the foundation of the moral understanding of usury. Here I am not attempting a complete and comprehensive articulation of these concepts, but simply … Continue reading

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Modernist Investing

Part of the attraction of algorithmic investing is that it abstracts from the essence of the business. In this sense it is particularly Modern. The only concern is the change in stock prices or some other metric. It attempts to … Continue reading

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Just Punishment and Just Price

Justice is grounded in a certain equality, that is giving what is due according to a nature. There is an equality between the nature and what is owed it and what is given. This equality establishes justice. In retributive justice, … Continue reading

Posted in Economics, Moral Philosophy, Political Philosophy | 3 Comments