The Political Economy of Production and Predation

2025-08-26

The entire set of social relations of production can be broadly summarized into two things: production and predation. The less predation a nation has, the wealthier it becomes. I. The Path to a Strong Nation How can a nation become wealthy and powerful, dominating the world? By building a new…

An Introduction to Austrian Economics: Ten Principles for Understanding a Changing World

2024-02-02

The world is undergoing a period of dramatic change. To gain a deep understanding of modern society, a serious study of Austrian School economics is worthwhile. Economic thinking is considered an essential quality for modern individuals. However, it is little known that what has been considered…

How Morality Is Embedded in Economics

2024-01-27

Economics is often misrepresented as a discipline that operates in opposition to morality. Critics argue that economic models focus exclusively on self-interest and profit, neglecting ethical considerations. This perceived conflict, however, is a misunderstanding. In reality, morality is not an…

Understanding Asset Inflation and Consumer Deflation

2024-01-20

The coexistence of asset inflation for the wealthy and consumer deflation for the poor is a defining characteristic of modern economies. This phenomenon is rooted in the fundamental way our financial system operates: money is created through credit, and access to that credit is inherently unequal.…

Obscure Economics Concepts: A Clear Guide

1111-11-11

A practical starting point for underrated economic ideas, with definitions, examples, and links.