The Austrian Economics Wiki - User contributions [en]

User:Metus

2011-04-04T22:02:38Z

Metus:

My username is '''Metus'''. Currently I plant [[:Category:Article stubs|seeds]] in the Mises Wiki, hoping they grow. Looking for other great was to further libertarianism and more complete understanding of it.

User:Metus

2011-04-04T21:59:11Z

Metus:

My username is '''Metus'''. Currently I plant [[Category:Stub|seeds]] in the Mises Wiki, hoping they grow. Looking for other great was to further libertarianism and more complete understanding of it.

User:Metus

2011-04-04T21:58:48Z

Metus: Created page with "My username is '''Metus'''. Currently I plant seeds in the Mises Wiki, hoping they grow. Looking for other great was to further libertarianism and more complete understa..."

My username is '''Metus'''. Currently I plant [[stub|seeds]] in the Mises Wiki, hoping they grow. Looking for other great was to further libertarianism and more complete understanding of it.

Seasteading

2011-04-04T21:44:08Z

Metus: Created page with "'''Seasteading''' is the inhabitation of the high seas by building floating cities or artificial islands. The word is a portmanteau of "sea" and "homesteading"."

'''Seasteading''' is the inhabitation of the high seas by building floating cities or artificial islands. The word is a portmanteau of "sea" and "[[homesteading]]".

The Seasteading Institute

2011-04-04T21:40:15Z

Metus:

'''The Seasteading Institute''' was founded by [[Patri Friedman]] to further the cause of [[seasteading]]. The Institute takes on a purely advisory role.

The Seasteading Institute

2011-04-04T21:40:00Z

Metus: Created page with "'''The Seasteading Institute''' was founded by Patri Friedman to further the cause of seasteading. The Institute takes on a purely advisory role."

'''The Seasteading Institute''' was founded by [[Patri Friedman]] to further the cause of seasteading. The Institute takes on a purely advisory role.

Victimless crime

2011-04-03T21:10:14Z

Metus: Created page with "A '''victimless crime''' is the name given to acts penalized by a legislative entity in which there is no directly harmed party involved. A classical example of a victimless crim..."

A '''victimless crime''' is the name given to acts penalized by a legislative entity in which there is no directly harmed party involved. A classical example of a victimless crime is the consumption or trade of drugs.

Capitalism

2011-04-03T21:04:35Z

Metus: Created page with "'''Capitalism''' is the economic system in which the means of production are privately owned."

'''Capitalism''' is the economic system in which the [[Capital|means of production]] are privately owned.

Property rights

2011-04-03T21:02:26Z

Metus: Redirected page to Property

#REDIRECT [[Property]]

Free market

2011-04-03T20:59:07Z

Metus: Added categorie "free market"

The '''free market''' is the whole of all voluntary interactions.{{Fact}}

==Self-interest leading to negative consequences==
It is not true that the case for the free market rests on the (false) claim that when people do what's in their own immediate interest, it will always lead to the best outcome for all. The great insight of [[Adam Smith]] (as well as earlier and later thinkers) was that this happens to be the case very often in the market economy. But this doesn't commit the believer in free markets to a straitjacket rule.

There are many examples of apparent failures of "naked self-interest" that are in fact failures of the government overseeing the issue. Conservationists point to overfishing as a refutation of Adam Smith, for example, when in reality overfishing underscores the importance of [[property right]]s.

For a different example, the economist [[Arthur Cecil Pigou|A.C. Pigou]] used a hypothetical illustration of traffic congestion to show that the government could raise total welfare by imposing a tax on drivers who wanted to take a route that could accommodate only a limited number of vehicles. [[Frank Knight]], however, showed that if the road were privately owned, then the alleged "market failure" would disappear — the private road owner would maximize his profit by charging a toll exactly equal to the hypothetical "optimum Pigovian tax."<ref name="Murphy_Cassidy">Robert P. Murphy. [http://mises.org/daily/3946 "John Cassidy Fails in His Critique of Markets"], ''Mises Daily'', December 28, 2009. Referenced 2011-04-03.</ref>

==The necessity of rules==
There is a growing literature on "herding behavior," "informational cascades," and so forth, that uses [[neoclassical]] models of agents with rational expectations who end up making dumb investment decisions when they occasionally get locked into a "bad equilibrium." Many of the economists working on these models believe that they demonstrate the necessity for government regulation of financial markets.

Yet this is a complete non sequitur. Someone can be a proponent of free markets and still agree that professional basketball games need referees. The point is that the referees should be privately employed by organizations that receive voluntary payments from their customers.

More generally, the believer in [[laissez-faire]] isn't forced to renounce all forms of airline inspection or product safety. But these procedures can be supplied privately, either by the companies themselves, by outside watchdog groups, or by insurance companies.

The choice isn't, "Rules or no rules?" The choice is, "Rules made and enforced by voluntary contractual arrangements, or rules made and enforced by coercive agencies that can't go out of business?"<ref name="Murphy_Cassidy" />

==References==
{{Reflist}}

==Links==
* [http://mises.org/daily/4036 By the Way, Free Markets Are Free] by George F. Smith, January 2010
* [[Wikipedia:Free market|Free market]] on Wikipedia

{{Stub}}

[[Category: Economic concepts]]
[[Category: Free market]]

List of libertarian websites

2011-04-02T22:09:53Z

Metus: Put the stub label on its right place

List of websites that deal with libertarianism, sorted by language.
== English ==
* The Acton Institute [http://www.acton.org www.acton.org]
* The Advocates for Self Government [http://www.theadvocates.org/ www.theadvocates.org/]
* Campaign For Liberty [http://www.campaignforliberty.com www.campaignforliberty.com]
* Capitalism Magazine [http://www.capmag.com www.capmag.com]
* The Cato Institute [http://www.cato.org www.cato.org]
* Center for a Stateless Society [http://c4ss.org/ www.c4ss.org]
* Cop Block [http://www.copblock.org/ www.copblock.org]
* The Daily Bell [http://www.thedailybell.com/index.asp/ www.thedailybell.com]
* David D. Friedman [http://www.daviddfriedman.com/ www.daviddfriedman.com/]
* Economics Journal Watch [http://econjwatch.org/ econjwatch.org]
* The Foundation for a Free Society [http://f4fs.org/ f4fs.org/]
* Foundation for Economic Education [http://www.fee.org/ www.fee.org]
* The Freeman [http://www.thefreemanonline.org/ www.thefreemanonline.org]
* The Free State Project [http://freestateproject.org www.freestateproject.org]
* Free Keene [http://freekeene.com/ freekeene.com/]
* Free Domain Radio [http://www.freedomainradio.com/ www.freedomainradio.com/]
* Future of Freedom Foundation [http://www.fff.org/ www.fff.org]
* George Ought to Help [http://www.georgeoughttohelp.com/ www.georgeoughttohelp.com]
* The Independent Institute [http://www.independent.org/ www.independent.org]
* LewRockwell.com [http://www.lewrockwell.com www.lewrockwell.com]
* Libertopia.org [http://www.libertopia.org/ www.libertopia.org/]
* Library of Economics and Liberty [http://www.econlib.org www.econlib.org]
* Marc Stevens [http://www.marcstevens.net/ www.marcstevens.net/]
* Marginal Revolution [http://www.marginalrevolution.com www.marginalrevolution.com]
* Mises Institute [http://www.mises.org www.mises.org]
* Mises West [http://miseswest.economicthought.net/ miseswest.economicthought.net/]
* The Molinari Institute [http://praxeology.net/molinari.htm praxeology.net/molinari.htm]
* Reason Magazine [http://www.reason.com www.reason.com]
* Strike The Root [http://www.strike-the-root.com strike-the-root.com]
* Stephan Kinsella [http://www.stephankinsella.com/ www.stephankinsella.com/]
* Seasteading Institute [http://seasteading.org/ seasteading.org]
* Thomas E. Woods Jr. [http://www.thomasewoods.com/ www.thomasewoods.com/]
* V For Voluntary [http://www.vforvoluntary.com/ www.vforvoluntary.com/]
* Walter Block [http://www.walterblock.com/ www.walterblock.com/]

== German ==
* Eigentümlich Frei [http://www.ef-magazin.de www.ef-magazin.de]

== Portuguese ==
* Instituto Ludwig von Mises Brasil [http://www.mises.org.br/ www.mises.org/br]

{{Stub}}

The Constitution of Liberty

2011-04-02T13:06:27Z

Metus: Created page with "'''The Constitution of Liberty''' is a book by Hayek first published in 1960. Hayek proposes in the book a modern foundation of liberty not based on emotional ..."

'''The Constitution of Liberty''' is a book by [[F.A. Hayek|Hayek]] first published in [[1960]]. Hayek proposes in the book a modern foundation of liberty not based on emotional justification, for in his words the unconviced of liberty will not be convinced and already convinced do not need to read the book, but rather on a more utilitarian base.

The author makes the point that no single human is able to conceive of the wisdom contained in the present social institutions and encoded in market prices which are the product of a [[free market]].

Constitution of liberty

2011-04-02T12:58:30Z

Metus: Redirected page to The Constitution of Liberty

#REDIRECT [[The Constitution of Liberty]]

Free market

2011-04-02T12:53:18Z

Metus: Created page with "The '''free market''' is the whole of all voluntary interactions."

The '''free market''' is the whole of all voluntary interactions.

US state

2011-03-30T12:09:08Z

Metus: Redirected page to United States

#REDIRECT [[United States]]

List of libertarian websites

2010-12-27T23:24:36Z

Metus:

List of websites that deal with libertarianism, sorted by language.
== English ==
* The Acton Institute [http://www.acton.org www.acton.org]
* Campaign For Liberty [http://www.campaignforliberty.com www.campaignforliberty.com]
* Capitalism Magazine [http://www.capmag.com www.capmag.com]
* The Cato Institute [http://www.cato.org www.cato.org]
* The Independent Institute [http://www.independent.org/ www.independent.org]
* LewRockwell.com [http://www.lewrockwell.com www.lewrockwell.com]
* Library of Economics and Liberty [http://www.econlib.org www.econlib.org]
* Marginal Revolution [http://www.marginalrevolution.com www.marginalrevolution.com]
* Mises Institute [http://www.mises.org www.mises.org]
* Reason Magazine [http://www.reason.com www.reason.com]
* Strike The Root [http://www.strike-the-root.com strike-the-root.com]
== German ==
* Eigentümlich Frei [http://www.ef-magazin.de www.ef-magazin.de]
{{Stub}}

List of libertarian websites

2010-12-27T23:24:15Z

Metus:

List of websites that deal with libertarianism, sorted by language.
== English ==
* The Acton Institute [http://www.acton.org www.acton.org]
* Campaign For Liberty [http://www.campaignforliberty.com www.campaignforliberty.com]
* Capitalism Magazine [http://www.capmag.com www.capmag.com]
* The Cato Institute [http://www.cato.org www.cato.org]
* The Independent Institute [http://www.independent.org/ www.independent.org]
* LewRockwell.com [http://www.lewrockwell.com www.lewrockwell.com]
* Library of Economics and Liberty [http://www.econlib.org www.econlib.org]
* Marginal Revolution [http://www.marginalrevolution.com www.marginalrevolution.com]
* Mises Institute [http://www.mises.org www.mises.org]
* Reason Magazine [http://www.reason.com www.reason.com]
* Strike The Root [http://www.strike-the-root.com strike-the-root.com]
== German ==
Eigentümlich Frei [http://www.ef-magazin.de www.ef-magazin.de]
{{Stub}}

List of libertarian websites

2010-12-27T19:06:47Z

Metus:

List of websites that deal with libertarianism, sorted by language.
== English ==
* Mises Institute [http://www.mises.org www.mises.org]
* The Independent Institute [http://www.independent.org/ www.independent.org]

{{Stub}}

List of libertarian websites

2010-12-27T19:04:48Z

Metus:

List of websites that deal with libertarianism, sorted by language.
== English ==
* Mises Institute [http://www.mises.org]
* The Independent Institute [http://www.independent.org/ www.independent.org]

{{Stub}}

Talk:List of libertarian websites

2010-12-27T18:43:05Z

Metus:

good idea but I don't see how it could be maintained. I might suggest deletion here. --[[Special:Contributions/97.67.176.2|97.67.176.2]] 07:46, 27 December 2010 (CST) --[[User:Jatucker|Jatucker]] 07:47, 27 December 2010 (CST)
: Why do you think it couldn't be maintained here? Where else? Do not rush deletion, as is on Wikipedia, with some effort it might evolve into something greater. --[[Special:Contributions/91.49.37.92|91.49.37.92]] 10:32, 27 December 2010 (CST)
::Happy with that idea --[[User:Jatucker|Jatucker]] 11:31, 27 December 2010 (CST)
::: I am glad to hear that. This list was started with the intention to have something like this http://www.vforvoluntary.com/wiki/LibertarianWebsites at a more prominent place like the Mises Wiki. (I started the page and posted the comment in this discussion without being logged in) --[[User:Metus|Metus]] 12:43, 27 December 2010 (CST)