Most people leave school able to perform basic arithmetic and to read and write. Almost nobody has a basic understanding of economics.
Go here and learn more about economics in 30 minutes than 99% of people.
Go here and learn more about economics in 30 minutes than 99% of people.
Who owns the oceans, and who owns the air?
Fwiw, Mises.org is shadowbanned from new submissions on this site, but the authoritarian view from legacy media sources is celebrated. You can even post articles from socialist/marxist outlets like Jacobin.
What is your view on the Tragedy of the Commons with regards to air, and ocean?
Are you advocating they be privately owned?
Doctor: Here's why you should take medicine. It is grape flavor
jones: Underlying conditions be damned. I don't like grape flavor. Not taking it.
Doctor 2: Yeah sure, just eat chocolate.
jones: Here's my pharmacy's number
If your use of the atmosphere on your property harms my health or otherwise detracts from the value of my person or property, then you should be liable.
Liability shouldn't be limited by citing, "But I was within the EPA guidelines! Don't like it, take it up with the state! We all voted and you've had your say. Breathe in the toxic fumes democratically. You had your chance to elect politicians who in turn could appoint bureaucrats; Bureaucrats which can freely interpret and selectively enforce legislation as per their capricious whims. Yes, you've had your chance in the land of freedom."
Is there a bigger tragedy of the 'commons' than democracy? Everything falls under the public prerogative. Who you should marry and what you should eat or drink is now part of the 'commons'. What is private today can just as easily become part of the "collective good".
Michael Goodwin's Economix is also pretty good. It mentions all the different heterodox approaches.
Straight from wikipedia. This isn't basic economics. It's essentially the the absurd "capitalism at all costs" group think that's being called out here in this article.
It's why Alabama just rolled back child-labor laws today.
> In the early 90s, Austrian economist Steven Horwitz called the Mises Institute "a fascist fist in a libertarian glove."
> In 2000, a report by the Southern Poverty Law Center (SPLC) categorized the Mises Institute as Neo-Confederate, "devoted to a radical libertarian view of government and economics."[28]
> In 2003, an article by Chip Berlet of the SPLC noted Rothbard's disgust with child labor laws, and wrote that other Institute scholars held anti-immigrant views.
> In 2022, fundraising emails sent by the Mises Institute reportedly told followers that "elections aren't working anymore", arguing that the system is irreformable, captured by "parasites such as the Deep State, the political class, and the Federal Reserve", and claiming that "the Founding Fathers would demand revolution."
Second problem is more widespread and it is that in practice, economics is always political (in the sense it includes some moral axioms whether you like it or not), and various right-wing attempts (austrian, objectivist, neoclassical) to repaint it as something objective are highly contested if you look at history of the profession. I think Ha-Joon Chang (whose https://en.wikipedia.org/wiki/23_Things_They_Don%27t_Tell_Yo... is also a great read) points this out very nicely in https://www.youtube.com/watch?v=NdbbcO35arw.
> In 2003, an article by Chip Berlet of the SPLC noted Rothbard's disgust with child labor laws, and wrote that other Institute scholars held anti-immigrant views.
> In 2022, fundraising emails sent by the Mises Institute reportedly told followers that "elections aren't working anymore", arguing that the system is irreformable, captured by "parasites such as the Deep State, the political class, and the Federal Reserve", and claiming that "the Founding Fathers would demand revolution."
https://en.wikipedia.org/wiki/Mises_Institute
The Mises Institute is a political advocacy organization with pretty radical views. It endorses "heterodox economics" kind of how the flat earth society could be described as endorsing "heterodox science".