Rationalism

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Surveys or Specifics: Do Economies Respond to Consumer Expectations or the Facts at Hand?

Blog08/06/2022Frank Shostak

Much is made of surveys determining consumer confidence in the economy. Expectations, however, must line up both with proper economic theories and the information at hand.

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Profits Are Not Random. They're How Entrepreneurs Help Allocate Resources Efficiently.

Financial MarketsFree MarketsRationalism

Blog08/05/2022Frank Shostak

The efficient market hypothesis, which is popular in neoclassical economics circles, holds that markets are so "efficient" that entrepreneurial profits are generated randomly.

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Modern Portfolio Theory: Economics without Praxeology

RationalismEntrepreneurshipPricesSubjectivism

Blog03/12/2022Frank Shostak

Modern portfolio theory, while popular with many economists, runs into serious problems when examined through the lens of Austrian economics

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"Nudging" Policy Is about Control, Not Freedom

Rationalism

Blog09/02/2021John Staddon

To the extent that Cass Sunstein's "nudge" policy relies on behavioral economics, it relies upon a fallacy.

Profits Are Not Random. They're How Entrepreneurs Help Allocate Resources Efficiently.

Financial MarketsFree MarketsRationalism

08/16/2022Mises MediaFrank Shostak

The efficient market hypothesis, which is popular in neoclassical economics circles, holds that markets are so "efficient" that entrepreneurial profits are generated randomly.