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"Austrian Economics"
This article on Mises.org (HT: Blake Stephenson) gives an example of how the negative feedback loops inherent in large, centrally directed bureaucracies stifle the use of judgment, local knowledge and initiative.
The article illustrates why the modern state should not be in charge of public education. But I think it also suggests that there [...]
Rachel’s last post about music and the market reminded me of this most fabulous article by Leonard E. Read called “The Miraculous Market.”
Leonard Read was one of the greatest advocates for peace and human freedom. His advocacy for these principles was founded on a deep gratitude for human beings and the creativity they [...]
It is important to note that the economic crisis we are in right now is not the result of technical or material conditions. It is an economic problem, a problem regarding the coordination of individuals’ plans and the available resources.
Sustainability requires a balance of conservation with use. Governments everywhere subsidize consumption and tax saving [...]
“If the idea of the universe is presented to the child in the right way, it will do more for him than just arouse his interest, for it will create in him admiration and wonder, a feeling loftier than any interest and more satisfying.” ~Maria Montessori
“We are perishing for want of wonder, not for [...]
Maria Montessori writes the following in “To Educate the Human Potential”:
“How can the mind of a growing individual continue to be interested if all our teaching be around one particular subject of limited scope, and is confined to the transmission of such small details of knowledge as he is able to memorize? How can [...]
I found out recently that the Christian Science Monitor published an excerpt from John Maynard Keynes’ “General Theory” next to an expert from Frederic Bastiat’s “What is seen and what is not seen” about economic stimulus. What a cool idea! Here’s the link.
It’s a pity they didn’t publish just a little more of [...]
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