link: http://ift.tt/1Smftqj
Hot And Trending...
Trending
- March report "How Revolutions, Wars and Plagues are Harbingers of 'Great Changes' in Societies and in Economics" published. http://bit.ly/2y4LJZQ
- The Theory of Free Banking
- Information doesn’t matter
- Steve Wynn says deficit spending is “degrading” America’s standard of living. See what he says about the debates: https://t.co/nXr3r30CWN
- With government making it much harder for entrepreneurs to succeed, Anthony Scaramucci's new book is a must read. https://t.co/hYoihbfxlV
- New commentary at Euro Pacific Capital: Fed’s Rocket Ship Turns Hoverboard @SchiffGold https://t.co/4BSW9o5eEA
- Quantitative tightening isn’t feared because it isn’t here and hasn’t affected markets yet. http://bit.ly/2fR2y1E
- Which States Rely Most on Federal Spending?
- Be Prepared: The Lesson of Economic Crises through History @SchiffGold https://t.co/FnnYGHzHeE
- Successful casino developer defends his employees whose paychecks are being “degraded” by healthcare: https://t.co/nXr3r30CWN
Sunday, April 24, 2016
Monkey's Paw Economics --- steal this book title
I was [thinking](http://ift.tt/1SmfqL3) about Mises's values-free approach to policy and economic-advocacy, ie: suitability analysis, which he undertook so successfully in Austria as a policy analyst in his various capacities, and there occurred to me a good popular-analogy to explain this approach. Suitability analysis of Austrian economics shows the disconnect between means and ends, and is very similar to the popular trope of the [Monkey's Paw](http://ift.tt/1SmfqL5), or another way to put it is [Be Careful What You Wish For](http://ift.tt/1AOGqXu). It is through suitability analysis that we can show two things, both how and why the means of the mainstream cannot achieve their policy ends, and secondarily what ends a policy is in fact likely to achieve and thus often make the very problem worse that was aimed at being improved or solved. I think with this analogy we have a good hook into the mind and interest of the average reader, and this theme could be developed strongly for a popular audience with the kinds of examples that Austrian economists have long developed over the years. But, as I am not credentialed and otherwise busy, I hope one of you will be inspired by this and take it up. Cheers :)