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JW Rich
JW Rich

52 Followers

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4 days ago

How Carl Menger Started World War I

Carl Menger was the founder of the Austrian School of Economics, one of the central figures of the Marginal Revolution, author of “Principles of Economics”, and one of the foremost European scholars of his day. What follows is the story of how he (indirectly) started World War I. Very early…

World War I

6 min read

How Carl Menger Started World War I
How Carl Menger Started World War I
World War I

6 min read


Jan 16

The Fallacies of the “Public Goods” Argument for the State

One of the foremost arguments in favor of the existence of the state is the consequentialist argument. This argument posits that the state’s actions in society are justified because they make society a better place — or in more proper terms — increase society’s total welfare. …

Libertarianism

10 min read

The Fallacies of the “Public Goods” Argument for the State
The Fallacies of the “Public Goods” Argument for the State
Libertarianism

10 min read


Jan 1

A Review of Every Book I Read in 2022

Over the course of 2022, I read approximately 37 books. I say approximately because it is completely possible (and completely probable) that there’s one or two that I read this year but forgot about, or incorrectly assumed I had read it in a previous year. Regardless, below is a short…

Reading

12 min read

Reading

12 min read


Dec 16, 2022

Learning Austrian Economics with AI?

If you thought you still had time before our robot overlords would arrive, I am saddened to report that you are mistaken. They are here, and its name is Chat GPT. There’s been various forms of AI — most of them quite gimmicky — that have been available to the…

Artificial Intelligence

12 min read

Learning Austrian Economics with AI?
Learning Austrian Economics with AI?
Artificial Intelligence

12 min read


Dec 1, 2022

Thymological Investigations

One of the least-examined topics in the realm of Austrian Economics is the category of Thymology. As a frame of reference, searching “Praxeology” in Google Scholar yields 16,800 results, whereas searching “Thymology” yields only 477. Even its originator, Ludwig von Mises, wrote about Thymology only sparingly. In Theory and History…

Austrian Economics

11 min read

Thymological Investigations
Thymological Investigations
Austrian Economics

11 min read


Nov 18, 2022

Praxeology, Thymology, and Market Power

One of the core tenets of the Neoclassical view of competition and monopolies is market power. Taking an example from a run-of-the-mill mainstream economics textbook, it reads: “You may recall that a market is competitive if each buyer and seller is compared to the size of the market and, therefore…

Economics

7 min read

Praxeology, Thymology, and Market Power
Praxeology, Thymology, and Market Power
Economics

7 min read


Nov 7, 2022

Blog Post #100

This officially marks my one-hundredth blog post! I first started my blog in December of 2018, began regularly updating it in October of 2019 and have been consistently writing here ever since. …

2 min read

2 min read


Oct 28, 2022

2 Questions for the American People

Every election cycle, the tagline is the same: “THE MOST IMPORTANT ELECTION OF OUR LIFETIME!” The upcoming elections in 2024 might actually be worthy of the title, however. …

2024 Elections

5 min read

2 Questions for the American People
2 Questions for the American People
2024 Elections

5 min read


Oct 17, 2022

Anti-Division-of-Labor-ism

What is the ideal society? If we could remove all obstacles and impediments, what kind of world should we create? …

Austrian Economics

5 min read

Anti-Division-of-Labor-ism
Anti-Division-of-Labor-ism
Austrian Economics

5 min read


Oct 8, 2022

Businesses Aren’t the Cause of Inflation

The economic burden of inflation continues to ravage economies around the world. From the U.S. to U.K. to the Eurozone, people are finding that the money in their wallets and bank accounts buys less and less every month. As with all problems, everyone is looking for three things: strategies, solutions…

Inflation

5 min read

Businesses Aren’t the Cause of Inflation
Businesses Aren’t the Cause of Inflation
Inflation

5 min read

JW Rich

JW Rich

52 Followers

Alleviating uneasiness one end at a time.

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