The Welfare State, i.e. the Redistribution That Creates Poverty
I have tried, in various studies and articles, to show why the choice of a particular taxation system is not and cannot be a scientific one, but a political issue, in essence. Further on, we also need to understand another essential idea, namely that the flat tax system is not, by definition, the foundation of a liberal fiscal policy. In fact, “the revolution” of the flat tax that occurred in
Why Marginal Utility Can Never Be Negative
Nowadays, there is no mainstream economics textbook that won’t dedicate entire pages, full with theory and applications, to the various formalized analyses of utility. “Objective functions” that can be wonderfully derived, mathematical algorithms that have an impeccable sequence, sophisticated graphics with or without inflection points and so on, all these make up an entire teaching
Crisis Journal: Capitalism Assumed Guilty
In this “journal” I do not necessarily focus on the current economic crisis. I do not aim to portray the statist conditions that maintain economic cycles, with all the theoretical details that explain the causes of the crisis. There have already been written and there will be written such stories, more or less technical, in the anatomy of the crisis. Here and now I am preoccupied to draw
The Anatomy of the Competitive Advantage: With Mask, Without Mask!
In the economic literature, the logic of competitive advantage still represents the topic of numerous controversies. The most frequent judgements in the area of international trade invoke “the competitive advantages” of one industry or another in order to justify the economic positions of these industries, but especially in order to justify the national policies used to support those
Why “the Opportunity Cost” Can Never Be “Zero”…
I am writing these lines out of the need to correct certain errors that orthodox economics textbooks fuel, sometimes, with brave nonchalance. Such an error emerges even from the first “economics lesson”, namely the lesson on “the economic way of thinking”, which seeks to explain human action in the counterfactual terms of “the opportunity costs”. Put together, such
